Nord Precious Metals Outlines Path to Production Following Gowganda Acquisition

Recovery Permit framework positions TTL as district processing hub; Company has previously produced 1,000-ounce silver bar from Cobalt Camp material

Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: QN3)  ("Nord" or the "Company") provides additional context on its previously announced acquisition of four mining leases from Battery Mineral Resources Corp. ("BMR") in the Gowganda Silver Camp. The transaction consolidates Nord's position in one of Canada's most prolific historical silver-cobalt districts at a moment when 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.

Next Steps and Exploration Potential

The transaction consolidates not merely surface tailings but the underground architecture of a district that once rivalled Cobalt itself. 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. Combined with the Bonsall shaft, and the Sandy K adit driven 450 metres into the Nipissing diabase, the acquired leases represent substantial underground development that previous operators never fully exploited. The Capitol Mine, whose workings extend beneath a portion of the acquired ground, as well as beneath the Company's existing leases, 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 and confirmed the exploration potential of the previously underexplored lower contact of the Nipissing diabase - the same geological host that underlies the acquired Gowganda properties. This technical work, which progressed from five previously identified veins through potentially over 10 in preliminary modeling to 29 modeled veins through the comprehensive 3D analysis, demonstrates how modern structural interpretation can unlock value in ground that historical operators viewed as exhausted. The same methodology can now be applied across Nord's consolidated land package.