Nord Precious Metals Mining Inc. [TSXV: NTH; OTCQB: CCWOF; FSE: QN3] is entering a period of accelerating activity across its consolidated Gowganda-Castle district, northeastern Ontario, with the next phase of drilling to target known structures near historic property boundaries where decades of production confirm the presence of high-grade silver-cobalt mineralization. With the company’s March 31, 2026 closing of the strategic acquisition of four mining leases, Nord now controls nearly 4 km of historic property boundary, with approximately half of that through areas of documented past production.

Historically, mining could not extend to property boundaries. Nord now holds title to both sides and the company expects the upcoming drill program to target areas where structures and known veins extend towards these previously inaccessible zones. The consolidation comes as silver trades above US$75/oz, more than double its price 12 months ago and ten times when the properties were last in production, reinforcing the economics of the company’s integrated approach to district-scale exploration and near-term production.

District consolidation creates drill-ready targets along historic property boundaries where over 50 million ounces of past silver production occurred on either side of claim lines no single operator could previously cross; Company advancing on multiple fronts with exploration, tailings recovery, and production infrastructure progressing concurrently at silver prices above US$75/oz.

“The company is excited to be able to drill through these historically defined artificial boundaries. With one company having title to all the area leases, we expect to identify new mineralization,” stated Frank J. Basa, P.Eng., President and CEO. “Just one of the past-producing mines acquired produced approximately 40 million ounces of silver. Existing permits allow drilling along the boundaries, and new permits will be submitted to allow additional drilling across this highly prospective ground. We are not simply exploring. We have a mill, we have a gravity plant, we have an engineering partner, and we have a regulatory pathway. Every metre we drill now feeds directly into a production plan.”

Boundary Area Geology and Past Production: With the acquired leases, Nord now hosts three of the five largest past-producing mines in the Gowganda Camp: the Miller Lake-O’Brien (Siscoe), the Castle and the Millerett, operations. The Miller Lake-O’Brien Mine alone produced approximately 42 million oz silver between 1910 and 1972, making it the largest past-producing Cobalt-style silver mine outside of the Cobalt Mining Camp itself. These mines are immediately adjacent to Nord’s existing Castle Mine, which produced 9.9 million oz silver. Together, combined Gowganda Camp production from 1910 to 1989 totalled 60.1 million ounces of silver and 1.4 million pounds of cobalt, representing 11% of the total silver and 6% of the total cobalt for the broader Cobalt-Gowganda Camp regional endowment.

Tailings Resource on Acquired Ground: In addition to underground exploration targets, the acquired leases host a historical NI 43-101 indicated tailings resource of approximately 1,940,000 tonnes grading 47.5 g/t Ag for approximately 2,960,000 contained ounces of silver at a 10 g/t cut-off.

Focused drilling in core areas of the tailings has returned higher-grade results, with Temex’s 2012 re-sampling program estimated a historical average grade of 60.9 g/t silver for the North Pile and South Pond, and the Sandy K Mines core-area program in 2000 returning an average grade of 62.6 g/t (2.0 oz/ton) from dry tailings. BMR’s own 2018 sonic drilling program (103 holes, 773 metres) confirmed multi-element endowment across the tailings, with weighted averages of 52.15 ppm Ag, 165.67 ppm Co, and 714.56 ppm from 529 samples analyzed by 4-acid digestion at ALS. Silver in the tailings occurs as coarse, liberated native grains amenable to gravity concentration, with historical test work at Lakefield Research achieving silver recoveries of 77% to 86%.

The company’s 2025 3D geological model at Castle East, completed by Ronacher McKenzie Geoscience using 75,000 metres of historical drill data, identified 29 discrete vein structures in a complex stockwork system hosted by the Nipissing diabase. The same geological host underlies the acquired Gowganda properties. This modern structural interpretation methodology can now be applied across the full consolidated land package, targeting boundary zones where historical operators were unable to follow mineralized structures across claim lines.

Existing permits allow drilling along the boundaries. New permits will be submitted to allow additional drilling across the broader consolidated ground. The company’s consolidated district position supports concurrent advancement of underground exploration alongside the near-term tailings recovery program being advanced by T Engineering Inc. under Ontario’s Recovery Permit framework.

Nord’s exploration program is supported by existing production infrastructure that positions the company to convert drill results into metal. TTL Laboratories in Cobalt, Ontario, the only permitted high-grade milling facility in the Cobalt Camp, has already produced refined silver doré, including a 1,000-oz silver bar from Cobalt Camp material. The company’s acquired 600 tonne-per-day modular gravity plant awaits commissioning upon receipt of the Recovery Permit, for which the Ontario Ministry of Mines has provided an advanced template and 80-day fast-track processing pathway.

T Engineering Inc., retained April 8, 2026, is advancing the engineering and pilot-scale test work required to bring the tailings recovery program into operation. This combination of active exploration drilling, permitted processing infrastructure, and a defined regulatory pathway to tailings recovery positions Nord to generate both exploration results and operational progress over the coming months.

Nord Precious Metals Mining operates TTL Laboratories, the only permitted high-grade milling facility in the historic Cobalt Camp of Ontario, where the company has established an integrated position connecting high-grade silver discovery with strategic metals recovery operations.

The company’s 58 km² flagship Castle property, with the addition of 225 hectares of leases, now hosts three of the five most productive past-producing silver mines in the Gowganda Camp: Siscoe-O’Brien, Castle and Millerett, complemented by the Castle East discovery where drilling has delineated 7.56 million oz silver in a now historic, Inferred resource grading an average of 8,582 g/t Ag (250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 metres.

The report, titled “NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada” with effective date of May 28, 2020 authored by M.Rachidi, P.Geo., Ph.D. of GoldMinds Geoservices.

The above resource is now considered an historical resource. This historical resource remains relevant in that there is ongoing drilling to expand the known mineralization associated with that resource.

Nord’s integrated processing strategy enables multiple metal recovery streams. High-grade silver recovery supports the economics of extracting critical minerals including cobalt, nickel, and other strategic metals. The Re-2Ox hydrometallurgical process, validated at pilot scale through SGS Lakefield, eliminates the typical arsenic barriers in complex silver-cobalt ores while producing technical-grade cobalt sulphate and other metal products to customer specifications. This multi-metal approach, combined with established infrastructure including TTL Laboratories and underground mine access, positions Nord within Ontario’s emerging critical minerals supply chain.

The company maintains a strategic portfolio of critical minerals properties in Northern Quebec through its 35% ownership in Coniagas Battery Metals Inc. [TSXV: COS], as well as the St. Denis-Sangster lithium project comprising 32 km² of prospective ground near Cochrane, Ontario.

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