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Nortec Announces Extension for Q2 Filing

Corporate Updates

Nortec Announces Extension for Q2 Filing

Vancouver, August 28, 2020 — Nortec Minerals Corp. (TSXV: NVT) (“Nortec” or the “Company”), announces

that the Company will be extending the filing of its financial results for the second quarter ended June 30,

2020 beyond the initial due date of August 31, 2020. Nortec will file its interim statements for Q2 by the

permitted extension date of October 15. 2020, as permitted pursuant to BC Instrument 51 -517 Temporary

Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to

August 31, 2020 (“BCI 51-517”).

The Company will be relying on the temporary exemption pursuant to BCI 51-517 in respect to the following

provisions:

 the requirement to file interim financial statements for the six months ended June 30, 2020 (the

“Financial Statements”) within 60 days after the end of the Company's interim period as required by

section 4.4(b) of National Instrument 51-102 Continuous Disclosure (“NI 51-102”);

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

by the Financial Statements within 60 days after the end of the Company's interim period 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 “Interim Filings”) pursuant to section 5.1 of National Instrument

52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings and section 4.4(b) [being the

filing deadline for interim financial statements] of NI 51-102.

The Company confirms that there have been no material developments, other than those disclosed through

news releases since the filing of its condensed interim consolidated financial statements for the three months

ended March 31, 2020.

Additionally, the Company advises that 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.

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.

Forward-looking information:

This press release contains “forward -looking information” within the meaning of applicable Canadian securities

legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as

“plans”, “expects” or “does not expect”, “is expected”, “budget” , “scheduled”, “estimates”, “forecasts”, “intends”,

“anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain

actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking

information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results,

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level of activity, performance or achievements of Nortec, as the case may be, to be materially differen t from those

expressed or implied by such forward-looking information. Although Nortec has attempted to identify important factors

that could cause actual results to differ materially from those contained in forward -looking information, there may be

other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such

information will prove to be accurate, as actual results and future events could differ materially from those anticipated

in such statements. Accordingly, readers should not place undue reliance on forward -looking information. Nortec does

not undertake to update any forward-looking information, except in accordance with applicable securities laws.