Nord Precious Metals Consolidates Gowganda Silver Camp with Strategic Acquisition for Potential Near Term Silver Production

(TheNewswire)

Transaction expands Nord’s silvertailings historic resource by 2.9 million ounces

Vancouver, B.C. — TheNewswire — January 5, 2026 — Nord PreciousMetals Inc. (“Nord” or the "Company") (TSXV: NTH, OTCQB:CCWOF, FF: QN3) announces that it has entered into a definitive assetpurchase agreement dated January 5, 2026 (the "DefinitiveAgreement") with Battery Mineral Resources Corp.("BMR") to acquire four mining leases in the Gowganda SilverCamp of Ontario (the "Gowganda Property") adjacent andcontiguous to Nord’s existing Mining Leases. The ProposedTransaction consolidates Nord's position in one of Canada'smost prolific historical silver-cobalt districts at a moment whensilver prices have reached record levels, Ontario has enacted it’sOne Project, One Process permitting framework, and the province haslaunched a $500 million Critical Minerals Processing Fund to expanddomestic processing capacity.

Frank J. Basa, P.Eng., President andCEO, stated:

"The Gowganda camp is an area ofsignificant historical silver production and has documented tailingscontaining nearly three million ounces ofsilver*. Previous operators processed this material once withtechnology we've long since surpassed."

Mr. Basa continued:

"The province has created theconditions for a different model. Ontario Minister of Energy andMines, Stephen Lecce, talks about ending 'ripping andshipping'; we have the facility to do exactly that. Castle, Beaver, and now Gowganda:three feed sources for an integrated operation producing refined metalin Ontario. This acquisition ensures we have the feed to meet thatmoment."

*For the reference to the silver in tailings, pleasesee the Technical Report on the Gowganda Silver Project Including aResource Estimate of the Surface Tailings Deposit Gowganda, Ontario,Canada with an effective date of July 8, 2011, prepared by JoeCampbell, P.Geo., Alan Sexton, P.Geo., M.Sc. and Allan Armitage,Ph.D., P.Geo. of GeoVector Management Inc. The report states, on page30, that a review of the modeled blocks at various cut-off gradesindicates a contiguous ore body at the 10.0 g/t silver cut-off grade.The resource estimate for the tailings piles at a silver cut-off gradeof 10.0 g/t is ~1,940,000 tonnes grading 47.5 g/t silver for~2,960,000 contained ounces of silver in an Indicated category (referto Table 4, page 31).  The report also states, on page 30, that thetailings Mineral Resource estimate is classified in accordance withthe CIM Definition Standards (2005). As a result of the extensivedrilling that has been completed on the tailings, it is consideredthat there is sufficient drill density and confidence in thedistribution of Ag within the tailings deposit to classify the entiredeposit as Indicated.

Resources notes:

• Historical Mineral Resource estimate for the Gowgandaproject – resource grades were total in situ assay results 

• assay values used in the resource estimate wereverified against assays on drill logs contained in historic drillreports and assay certificates 

• a site visit was carried out by Alan Sexton, P.Geo. andVice President of GeoVector to verify drill collar locations, tailingsextent, and mine infrastructure 

• digital data files of hole collar locations anddown-hole surveys were checked and verified 

• the mineral resource was estimated using 1.5-metresample composites (2,504 composites) of assay values (2,039 assays)from 764 auger and sonic drillholes totalling 3,012 metres 

• for the resource, metallurgical recoveries were assumedto be 100% 

• a block model, with the origin at 518550E, and5280050N, 430 metres elevation, and oriented at 300, was constructed using 4m x 4m x 1m blocks in the X, Y, Zdirections respectively.  Grades for silver were interpolated intothe blocks by the inverse distance squared method using between fourand twenty composites in a minimum of 2 drillholes to generate blockgrades. Based on a statistical analysis of the composite database fromeach resource model, it was decided that no capping was required onthe composite populations to limit high vales. 

• The size of the search ellipse was set at 42 x 42 x 3metres in the X, Y, Z directions respectively for the indicatedresource. The principal azimuth is oriented at 155 (trend of the tailings pile) , the principal dip is orientedat 0 and the intermediate azimuth is oriented at65 

• Specific gravity (SG) testing was previously carriedout on 11 representative samples of tailings and the calculatedaverage SG value of 2.12 was applied to all blocks within the updatedblock model. 

The above indicated resource estimate is consideredhistorical in nature and is not being treated as a current resource bythe Company. A Qualified Person has not completed sufficient work toclassify the historical estimate as current mineral resources. Therelevance of the 2011 historical resource is based on the historicalwork program and estimation having confirmed that the silvermineralization contained in the tailings could be potentiallyrecoverable.  There have not been any further resource estimatessince 2011. At a minimum, a review of all data and additional drillholes to confirm original assays as well as reviewing assumptions inthe context of current metal prices would be required to begin acurrent resource estimate.

Transaction Summary

Under the Purchase Agreement, Nord has agreed to buy the Company’sfour mining leases (LEA-109391 – LEA109394) comprising the Gowgandasilver tailings project on an “as-is where-is” basis for thefollowing consideration:

• $1,000,000 cash on the closing date; 

• $1,250,000 in Nord shares on the closing date at a deemed price equalto $0.284 per share; 

• a 3.0% net smelter returns royalty on the Gowganda silver tailingsproject; and 

• deferred consideration of $1,250,000 on each of the first, second andthird anniversaries of the closing date of the Transaction (the“Deferred Consideration”)for aggregate Deferred Consideration of $3,750,000. 

At the election of Nord, up to 50% of each Deferred Consideration maybe satisfied in Nord common shares at a deemed price per share equalto the greater of: (i) the 25-day volume-weighted average tradingprice per Nord common share on the TSX Venture Exchange (the “TSXV”) ending on the last tradingday preceding the applicable payment date, and (ii) the minimum pricepermitted by the TSXV. The Nord common shares to be received by theCompany will be subject to a statutory hold period of four months andone day from the date of issuance.

The transaction is an arms-length transaction for the Company, and nofinder fees are payable in connection with the Transaction. Theclosing of the Transaction is subject to certain closing conditions,such as conditional approval of the TSXV.

Qualified Person

The technical information in this news release was approved andprepared under the supervision of Mr. Frank J. Basa, P.Eng. (PEO),director of Nord Precious Metals, a qualified person in accordancewith National Instrument 43-101.

AboutNord Precious Metals Mining Inc.

Nord Precious Metals Mining Inc. operates TTL Laboratories, the onlypermitted high-grade milling facility in the historic Cobalt Camp ofOntario, where the Company has established an integrated positionconnecting high-grade silver discovery with strategic metals recoveryoperations.

The Company's flagship Castle property encompasses 63 sq. km ofexploration ground and the past-producing Castle Mine, complemented bythe Castle East discovery where drilling has delineated 7.56 million ounces ofsilver in Inferred resources grading an average of 8,582 g/t Ag (250.2oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) ofthe Castle East Robinson Zone, beginning at a vertical depth ofapproximately 400 metres. Mineral resources that are not mineralreserves do not have demonstrated economic viability. Please refer tothe Nord Precious Metals Press Release of May 27, 2020, for theresource estimate.  The above resource is now considered anhistorical resource. Insufficient work has been done to categorize theabove historical estimate as current. Significant additional diamonddrilling and analytical work along with modelling is required before anew resource estimate can be compiled.

Nord's integrated processing strategy enables multiple metalrecovery streams. High-grade silver recovery supports the economics ofextracting critical minerals including cobalt, nickel, and otherbattery metals. The Re-2Ox hydrometallurgical process, validated atpilot scale through SGS Lakefield, eliminates the typical arsenicbarriers in complex silver-cobalt ores while producing battery-gradecobalt sulphate and other metal products to customer specifications.This multi-metal approach, combined with established infrastructureincluding TTL Laboratories and underground mine access, positions Nordwithin Ontario's emerging critical minerals supply chain.

The Company maintains a strategic portfolio of battery metalsproperties in Northern Quebec through its 35% ownership in ConiagasBattery Metals Inc. (TSXV: COS), as well as the St. Denis-Sangsterlithium project comprising 32 square kilometres of prospective groundnear Cochrane, Ontario.

More information is available at www.nordpreciousmetals.com.

For further information pleasecontact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

or

Wayne Cheveldayoff

Corporate Communications

P: 416-710-2410

E: waynecheveldayoff@gmail.com

Forward-Looking Statements

This news release contains statements that constitute"forward-looking statements." Such forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors that may cause the Company's actual results, performanceor achievements, or developments in the industry to differ materiallyfrom the anticipated results, performance or achievements expressed orimplied by such forward-looking statements.

Forward-looking statements are statements that are not historicalfacts and are generally, but not always, identified by the words"expects," "plans," "anticipates,""believes," "intends," "estimates,""projects," "potential" and similar expressions,or that events or conditions "will," "would,""may," "could" or "should" occur.

Forward-looking statements in this document include statementsregarding: the expectation that the Company will receive Exchangeapproval for the Proposed Transaction; the potential for silverrecovery from tailings; the Company's processing capabilities andintegrated strategy; and the anticipated benefits of Ontario'sregulatory and funding frameworks.

Although the Company believes the forward-looking informationcontained in this news release is reasonable based on informationavailable on the date hereof, by their nature forward-lookingstatements involve known and unknown risks, uncertainties and otherfactors which may cause actual results, performance or achievements,or other future events, to be materially different from any futureresults, performance or achievements expressed or implied by suchforward-looking statements.

Examples of such assumptions, risks and uncertainties include, withoutlimitation, assumptions, risks and uncertainties associated with:general economic conditions; adverse industry events; futurelegislative and regulatory developments; the Company's ability toaccess sufficient capital from internal and external sources;inability to access sufficient capital on favourable terms; theability of the Company to implement its business strategies;competition; the ability of the Company to obtain and retain allapplicable regulatory and other approvals; commodity pricefluctuations; and other assumptions, risks and uncertainties.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE LAWS.

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release.

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