Nortec Minerals Corp. Receives TSX Venture Exchange Approval to Acquire Pearl Gold Project in Nevada; drill results include 2.27 g/t Au over 38.1 m and 11.96 g/t Au over 3.05 m.

Nortec Minerals Corp. (TSXV: NVT) said it has received TSX Venture Exchange approval for a purchase option agreement that would allow it to acquire 83 Federal Lode mineral claims totaling 1,364 acres for its Pearl Gold Project in Nevada.

TSXV approval for purchase option

The TSXV approved the purchase option agreement (the “Agreement”) for Nortec to acquire the Property, located in the Varyville Mining District of Humboldt County, Nevada, U.S.A. The Company said the transaction is on an arm’s-length basis and relates to the acquisition of a 100% interest in the mineral claims comprising the Property.

Permitted and drill-ready targets

Nortec reported that, following an extensive phase of soil sampling, trenching and preliminary drilling, high-priority gold targets are ready for drill testing. It said all necessary permits are in place for 16 drill sites, 2,020 feet of trenches and 1,500 feet of diamond drilling.

Recent exploration highlights

The Company cited multiple results across its Columbia Zone and other targets, including:

• Trench 21I identified a new zone of mineralization (“Pearl Zone”) returning 2.34 g/t gold over 17.7 meters, including 6.49 g/t gold over 2.0 meters.
• Columbia Zone drilling intersected mineralization including 2.27 g/t gold over 38.1 meters (Hole YU21-02) and 11.96 g/t gold over 3.05 meters (Hole YU22-11).
• Additional notable holes included 15.55 g/t gold over 1.53 meters plus 6.74 g/t gold over 1.52 meters within 2.27 g/t gold over 38.1 meters (Hole YU-21-02); 13.57 g/t gold over 4.57 meters within 3.03 g/t gold over 25.91 meters (Hole YU22-09); and 11.96 g/t gold over 3.05 meters within 4.20 g/t gold over 10.67 meters (Hole YU22-11).

Surface sampling and geochemical footprint

Nortec said surface grab samples returned grades up to 150 g/t gold, and that a gold-in-soil anomaly has been traced for roughly two kilometres along strike.

Project location and infrastructure

The Pearl Gold Project is described as being approximately 55 km south of Denio in northern Nevada. The Company said the project is fully road-accessible and has power lines on-site.

Historical production and geology

Nortec said the Property covers the historical Columbia, Bartlett and Juanita Mines, which produced high-grade gold on a small scale from 1870 to 1937. It noted that historical run-of-mine sorted ore assayed over 34 g/t gold and that the mines were developed from veins located more than 1,000 m apart within the same structural corridor.

The Company said historical mining extended only to the bottom of the oxidized zone. It added that diamond drilling in 1981 below the Columbia workings produced a true-width sulphide intersect grading 9.60 g/t gold over 3.3 m (Hole DDH C2), starting 49 m below surface, with no further drilling completed until 2021.

Nortec also said the mineralization occurs with sulphides (arsenopyrite and pyrite) or their weathered products (scorodite and iron oxides), with only minor quartz or silica. It said veins are found in fault/shear zones cutting andesites, andesitic epiclastics and diorites, and appear best developed within and on the margins of mapped diorite intrusions.

2018 reconnaissance sampling results

In 2018, Nortec said a reconnaissance program focused on Columbia, Juanita and Josie, collecting 68 rock geochemical samples. It reported that 35 of the 68 rock and/or chip samples returned greater than 1 g/t gold. Reported significant grab sample results included:

• Columbia: 150.0, 75.4, 34.9, 10.5, 7.4 and 7.13 g/t gold
• Juanita: 11.4, 6.35 and 5.85 g/t gold
• Josie: 86.1, 45.2, 42.2, 36.2, 25.7, 21.6, 16.7, 13.1 and 5.49 g/t gold

Target-specific context

Nortec said multiple drill holes at Columbia confirmed a broad envelope of gold mineralization flanking a high-grade vein identified by historical miners, and that a second high-grade vein parallels the targeted structure. It also reported that the Juanita target includes underground workings and the Juanita Mine, with surface grab samples grading 57.7 g/t gold and 11.4 g/t gold, and a nearby shear zone grading 11.9 g/t gold over 1 m. For Juanita, it said drilling intersected 0.99 g/t Au over 30.48 m (including 3.44 g/t Au over 6.1 m) and 0.23 g/t Au over 22.86 m.

For Josie, Nortec said the target is a large area south of the Juanita Mine with scattered historical diggings, including vein exposures with high-grade samples such as 45.2 g/t gold over 0.35 m and 42.2 g/t gold over 0.4 m. It also reiterated that Trench I returned 2.34 g/t Au over 17.7 m (including 6.49 g/t Au over 2 m).

Transaction terms and approval timing

Nortec said the Agreement was entered into on February 24, 2026 between Trifecta Gold Ltd. (the “Seller”), which holds a 100% interest in the Property, and Nortec. Under the arm’s-length arrangement, Nortec will have the sole and exclusive right to purchase a 100% interest in and to the mineral claims comprising the Property in exchange for:

• On the earlier of four months from February 24, 2026 or Nortec completing an equity financing of at least $200,000: payment of $25,000 in cash or common shares of Nortec, subject to a minimum issue price of $0.05 per share.
• Annual payments of $50,000 (first anniversary), $150,000 (second anniversary), $300,000 (third anniversary), $500,000 (fourth anniversary), and $1,000,000 (fifth anniversary), payable in cash or up to 50% shares at Nortec’s election. The Company said shares would be issued at a deemed price corresponding to the 10-trading-day VWAP prior to payment, and not below $0.05 per share.

Nortec said the transaction was approved by the TSX Venture Exchange on April 7, 2026.

Qualified person review

Nortec stated that the scientific and technical information in the release was reviewed, verified and approved by Neil Pettigrew, M.Sc., P.Geo., a Qualified Person under NI 43-101 and a consultant to Nortec.