Nortec Option Agreement for Nevada Gold Property with Drilling Intersecting 2.27 g/t Au over 38.1 meters (including 15.55 g/t Au over 1.53 m plus 6.74 Au over 1.52 m) Receives TSX Venture Exchange Approval

Executive Summary

• Nortec Minerals received TSX‑V approval for a purchase option agreement to acquire 83 Federal Lode mineral claims (1,364 acres) comprising the Pearl Gold Project in Nevada.
• The company disclosed extensive drill results across multiple zones, including high‑grade intercepts such as 15.55 g/t Au over 1.53 m and 11.96 g/t Au over 3.05 m.
• Surface sampling and trenching identified a new “Pearl Zone” with 2.34 g/t Au over 17.7 m (including 6.49 g/t Au over 2.0 m).

Key Details

• Transaction Terms – Nortec may purchase the property for $25,000 cash or shares (minimum $0.05/share) and must complete a $200k equity financing within four months of Feb 24 2026. Additional annual payments to Seller: $50k (yr 1), $150k (yr 2), $300k (yr 3), $500k (yr 4), $1,000k (yr 5).
• TSX‑V Approval – The purchase option agreement was approved by the TSX Venture Exchange on April 7 2026.
• Drill Intercepts – Columbia Zone
• Hole YU‑21‑02: 2.27 g/t Au over 38.1 m; includes 15.55 g/t Au over 1.53 m and 6.74 g/t Au over 1.52 m.
• Hole YU‑22‑09: 13.57 g/t Au over 4.57 m within 3.03 g/t Au over 25.91 m.
• Hole YU‑22‑11: 11.96 g/t Au over 3.05 m (within 4.20 g/t Au over 10.67 m).
• Drill Intercepts – Juanita Zone
• Hole YU‑21‑07: 0.99 g/t Au over 30.48 m, including 3.44 g/t Au over 6.1 m.
• Drill Intercepts – Josie Zone – Multiple low‑grade intervals (e.g., 0.53 g/t Au over 3.6 m).
• New Pearl Zone Discovery – Trench 21I returned 2.34 g/t Au over 17.7 m, with a higher‑grade core of 6.49 g/t Au over 2.0 m.
• Surface Grab Samples – Highest assay: 150 g/t Au (Columbia zone); other notable samples: 86.1 g/t Au (Josie), 57.7 g/t Au (Juanita).
• Permitting – All permits secured for 16 drill sites, 2,020 ft of trenches and 1,500 ft of diamond drilling.
• Historical Context – Property includes historic Columbia, Bartlett, and Juanita mines (1870‑1937) with historical ore grades >34 g/t Au. Prior 1981 drilling intersected 9.60 g/t Au over 3.3 m.

Notable Quotes

“The Pearl Gold Project offers a compelling combination of high‑grade vein targets and emerging bulk‑tonnage potential, positioning Nortec for significant upside as we advance the property.” – Ryan Hrkac, CEO, Nortec Minerals Corp.