Nord Precious Metals Consolidates Position in Gowganda Silver Camp with New Acquisition

Vancouver, B.C. — January 13, 2026 — Leads & Copy — Nord Precious Metals Mining Inc. (TSXV: NTH, OTCQB: CCWOF, FF: QN3) has provided additional context regarding its acquisition of four mining leases from Battery Mineral Resources Corp. (BMR) in the Gowganda Silver Camp.

The acquisition strengthens Nord's position in the historical silver-cobalt district. The transaction occurs as silver prices have reached record levels, Ontario has enacted its One Project, One Process permitting framework, and the Province has launched a $500 million Critical Minerals Processing Fund to expand domestic processing capacity.

The acquired leases add four historic production shafts to Nord's existing four, bringing the consolidated total to eight past production shafts in the Gowganda district. The Miller Lake-O'Brien complex alone accounts for 13,500 feet of shaft and winze sinking, 155,000 feet of cross-cutting, and 457,000 feet of underground drilling completed between 1936 and 1970, with workings reaching 1,300 feet before operations ceased. The Capitol Mine mined only the upper contact of the productive Nipissing diabase sill before shutting down in 1964.

Nord's 2025 3D geological modeling program at Castle East, completed by Ronacher McKenzie Geoscience using 75,000 metres of drill data, has identified 29 mineralized veins. The same methodology can now be applied across Nord’s consolidated land package.

The Recovery Permit application for tailings processing continues to advance with Ministry support. Ministry guidance has confirmed that toll processing arrangements for third-party tailings can be accommodated under Recovery Permits, and that such permits may be issued for processing operations on land the applicant does not own, provided landowner consent is obtained.

The BMR 225-ha Gowganda Property comprises four mining leases located 125 kilometres northeast of Sudbury, immediately adjacent to Nord's existing Castle Leases. The acquisition increases Nord's total lease area by 40% to 789.7 hectares.

The Gowganda Silver Camp produced over 60 million ounces of silver and 1.3 million pounds of cobalt between 1909 and 1989. The four mining leases encompass three of the five largest past-producing mines in the Gowganda Camp: the Miller Lake-O'Brien (Siscoe), Millerett, and Bonsall operations.

TTL Laboratories, located in the town of Cobalt and operated by Nord, is the only permitted high-grade milling facility in the historic Cobalt Camp. TTL's bullion furnace has previously produced refined silver dore, including a 1,000-ounce silver bar using Cobalt Camp material.

The Gowganda acquisition provides additional feed material for TTL's processing operations. This integrated model aligns directly with Ontario's stated objective of ensuring that critical minerals mined in the province are processed in Ontario by Ontario workers.

Ongoing dialogue with the Ontario Ministry of Energy and Mines has clarified the regulatory pathway for district-scale tailings processing.

The Company has received an advanced template and fast-track pathway for its Recovery Permit Application.

In November 2025, CBC News profiled Nord's operations in a feature on the resurgence of silver mining in Northern Ontario. Ontario's Minister of Energy and Mines, the Honourable Stephen Lecce, highlighted Nord's permitting experience on social media.

On December 12, 2025, the Ontario government officially launched the $500 million Critical Minerals Processing Fund through Invest Ontario.

Frank J. Basa, P.Eng., President and CEO, stated that the acquisition consolidates their feed position across the district and that TTL has already demonstrated silver recovery from district material.

The acquired leases contain a historical resource in silver tailings classified as an indicated resource of 1,940,000 tonnes grading 47.5 g/t silver at a cut-off grade of 10.0 g/t, yielding a potential 2,960,000 ounces of silver. This resource estimate is referenced from a 2011 technical report.

The above indicated resource estimate is considered historical in nature and is not being treated as a current resource by the Company.

Frank J. Basa, P.Eng. (PEO), director of Nord Precious Metals, is the qualified person who approved the technical information in this release.

Nord Precious Metals Mining Inc. operates TTL Laboratories.

The Company's flagship Castle property encompasses 58 sq. km of exploration ground and the past-producing Castle Mine, complemented by the Castle East discovery.

Nord's integrated processing strategy enables multiple metal recovery streams. The Company maintains a strategic portfolio of battery metals 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 square kilometres of prospective ground near Cochrane, Ontario.

For further information please contact:

Frank J. Basa, P.Eng.
Chief Executive Officer
416-625-2342

Wayne Cheveldayoff
Corporate Communications
P: 416-710-2410
E: waynecheveldayoff@gmail.com

Source: Nord Precious Metals Mining Inc.