Nortec Minerals signs Letter of Intent to sell its ownership interest in the Kietyonmaki

NORTEC MINERALS CORP .

TSX-V: NVT / FSE: WMQ / OTC-PK: NMNZF

Suite 615, 800 West PenderStreet

Vancouver BC V6C 1V6, Canada

NORMIECU S.A.

S 864 RafaelleGianetti y las Begonias

Quito Ecuador

TAMMELA MINERALS Oy

c/o KalliolawAsianajotoimisto Oy

Eteläranta 12,

FI-00130 Helsinki, Finland

Nortec Minerals signs Letter of Intent to sell its ownership interest in the Kietyonmaki

Lithium Project, Southwest Finland

Vancouver, BC /May 4, 2021 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV: NVT)

is pleased to announce the Company signed a Letter of Intent with United Lithium Corp., a CSE listed

company (C: ULTH) to sell its interest in the Kietyönmäki Lithium Project located in the Tammela

region, Southwest Finland. The Company’s interest is through the ownership of 16.4% of the shares

in Litiumlöydös Oy, a Finnish incorporated company holding the title of Kietyönmäki Project. The

other 83.6% is owned by Sunstone Metals Limited, an ASX listed company (ASX: STM).

The parties have agreed to an exclusivity period during which they will negotiate exclusively with

each other with a view to settling a definitive agreement. There can be no assurances that any

component of the Proposed Transaction will proceed, nor can there be any assurance as to the final

definitive terms thereof.

This sale will support Nortec to maintain and cover its corporate expenditures and to concentrate its

efforts to develop its Cottonwood Uranium – Vanadium project, Garfield County, Southern Utah and

evaluate potential projects in Ecuador.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia.

Nortec holds 100% interest in the Cottonwood Uranium -Vanadium Property, Garfield County,

Southern Utah, subject to a 1% Net Smelter Royalty (NSR). The Company has incurred over CDN$2.9

million in exploration, diamond drilling and support costs to earn a 51% interest in the Tomboko Gold

Project, Northeast Guinea, West Africa. The Company also holds 17% interest in the Satulinmaki and

Riukka gold prospects, Southwestern Finland and evaluating advanced properties in Ecuador.

Detailed information on these projects are posted on the Company’s website

www.nortecminerals.com.

On behalf of the Board of Directors,

“__Michael M Malana_”

CFO, Director

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy

of this news release. This press release contains certain forward looking statements which involve known and

unknown risks, delays and uncertainties not under the Company’s control which may cause actual results,

performances or achievements of the Company to be materially dif ferent from the results, performances or

expectations implied by these forward looking statements. This news release does not constitute an offer to

sell or a solicitation of an offer to buy any of the securities in the United States.