Nortec receives OK for Nevada gold property option deal

Executive Summary

• Nortec Minerals Corp. has received TSX Venture Exchange approval for an option agreement to acquire a 100% interest in 83 federal lode mineral claims (1,364 acres) in the Varyville mining district, Nevada.
• Recent exploration at the Columbia zone yielded significant gold intercepts, including 2.27 g/t Au over 38.1 metres and 11.96 g/t Au over 3.05 metres.
• The Pearl gold project features drill-ready targets, a newly identified "Pearl zone" from trenching (2.34 g/t Au over 17.7 m), and surface grab samples as high as 150 g/t Au.

Key Details

• Transaction Structure: Nortec is acquiring a 100% interest in the property from Trifecta Gold Ltd. via an option agreement.
• Initial Consideration: A payment of $25,000 in cash or shares (at no less than $0.05/share) due within four months of February 24, 2026, or upon completion of a $200,000 equity financing.
• Annual Payment Schedule:
  • Year 1: $50,000
  • Year 2: $150,000
  • Year 3: $300,000
  • Year 4: $500,000
  • Year 5: $1,000,000
• Significant Drilling Intercepts:
  • Hole YU-21-02: 2.27 g/t Au over 38.1 m (including 15.55 g/t Au over 1.53 m and 6.74 g/t Au over 1.52 m).
  • Hole YU22-09: 3.03 g/t Au over 25.91 m (including 13.57 g/t Au over 4.57 m).
  • Hole YU22-11: 11.96 g/t Au over 3.05 m and 4.20 g/t Au over 10.67 m.
  • Hole YU-21-07: 0.99 g/t Au over 30.48 m (including 3.44 g/t Au over 6.1 m).
  • Hole YU-21-14: 0.23 g/t Au over 22.86 m.
• Trenching & Surface Results:
  • Trench 21I (Pearl Zone): 2.34 g/t Au over 17.7 m (including 6.49 g/t Au over 2.0 m).
  • Surface Grab Samples: Grades up to 150 g/t Au; gold-in-soil anomaly traced for approximately 2 km along strike.
  • Josie Target Chip Samples: 45.2 g/t Au over 0.35 m and 42.2 g/t Au over 0.4 m.
• Project Infrastructure & Location: The property is located in Humboldt County, Nevada, approximately 55 km south of Denio; it is fully road accessible with power lines on site and includes permits for 16 drill sites, 2,020 feet of trenches, and 1,500 feet of diamond drilling.