Nortec Announces Annual Filings Update

Nortec Announces Annual Filings Update

Vancouver, April 29, 2020 — Nortec Minerals Corp. (TSXV: NVT) (“Nortec” or the “Company”) is providing

an update on the status of the filing of its annual financial statements and accompanying management's

discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31,

2019.

On March 18, 2020, the Canadian Securities Administrators ("CSA") issued a notice stating that securities

regulators will be providing coordinated relief consisting of a 45 -day extension for certain periodic filings

required to be made on or prior to June 1, 2020 as a result of the COVID -19 pandemic. As such the British

Columbia Securities Commission ("BCSC") has enacted BC Instrument 51 -515, Temporary Exemption from

Certain Corporate Finance Requirements ("BCI 51-515").

The Company will be relying on this extension period due to delays experienced as result of the COVID -19

pandemic. The Company will be relying on the temporary exemption pursuant to BCI 51 -515 in respect to

the following provisions:

 the requirement to file audited financial statements for the year ended December 31, 2019 (the

"Financial Statements") within 120 days of the Company's financial year end as required by section

4.2(b) of NI 51-102;

 the requirement to file management discussion and analysis (the "MD&A") for the period covered by

the Financial Statements within 120 days of the Company's financial year end as required by section

5.1(2) of NI 51-102; and

 the requirement to file certifications of the Financial Statements (the "Certificates" and together with

the Financial Statements, the "Annual Filings") pursuant to section 4.1 of National Instrument 52 -

109.Section 4.2(b) [filing deadline for annual financial statements] National Instrument 51-102.

The Company is continuing to work diligently and expeditiously with its auditors to file the Annual Filings on

or before June 15, 2020. In the interim, management and other insiders of the Company are subject to a

trading black-out policy as described, in principle, in section 9 of National Policy 11-207, Failure to-File Cease

Trade Orders and Revocations in Multiple Jurisdictions.

The Company confirms that since the filing of its interim consolidated financial statements for the period

ended September 30, 2019, there have been no material business developments other than those disclosed

through news releases.

On behalf of the Board of Directors,

Nortec Minerals Corp.

“Mohan R. Vulimiri”

Mohan R. Vulimiri

Director

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE

POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS

RELEASE.