NVT.V · 2026-02-25 12:00:00

Nortec to Acquire Nevada Gold Property with Drilling Intersecting 2.27 g/t Au over 38.1 Meters (Including 15.55 g/t Au over 1.53 m plus 6.74 g/t Au over 1.52 m)

Drill Results Mergers & Acquisitions

Nortec to Acquire Nevada Gold Property with

Drilling Intersecting 2.27 g/t Au over 38.1

Meters (Including 15.55 g/t Au over 1.53 m plus

6.74 g/t Au over 1.52 m)

Toronto, Ontario--(Newsfile Corp. - February 25, 2026) -

NORTEC MINERALS CORP

(TSXV: NVT)

Nortec

" or the "

Company

") is pleased to announce that it has entered a purchase option agreement

(the "

Agreement

") to acquire 83 Federal Lode mineral claims (1,364 acres) (the "

Property

" or "

Pearl

Gold Project

"), located in the Varyville Mining District of Humboldt County, Nevada, U.S.A. (the

Transaction

").

HIGHLIGHTS

Permitted and Drill-Ready Gold Targets:

Following an extensive phase of soil sampling,

trenching, and preliminary drilling, delineated high-priority gold targets are ready for drill testing. All

necessary permits are in place for 16 drill sites, 2,020 feet of trenches and 1,500 feet of diamond

drilling.

New Discoveries:

A 2021 trenching program identified a new zone of mineralization ("Pearl

Zone") returning

2.34 g/t gold

over

17.7 meters,

including a higher-grade section of

6.49 g/t gold

over 2.0 meters

(Trench 21I)

Drill Results:

Recent exploration at the Columbia Zone has intersected mineralization, including

2.27 g/t gold over 38.1 m

(Hole YU21-02) and

11.96 g/t gold over 3.05 m

(Hole YU22-11).

Other recent and notable drill holes include:

15.55 g/t gold over 1.53 meters

plus 6.74 g/t gold over 1.52 meters

, within

2.27 g/t gold

over 38.1 meters

(Hole: YU-21-02)

13.57 g/t gold over 4.57 meters

within

3.03 g/t gold over 25.91 meters

(Hole YU22-09)

11.96 g/t gold over 3.05 meters

within

4.20 g/t gold over 10.67 meter

(Hole YU22-11)

Widespread Gold Potential:

Surface grab samples have returned grades up to 150 g/t gold, with

a gold-in-soil anomaly traced for roughly two kilometres along strike (see Table 1).

Strategic Location:

The Pearl Gold Project is situated approximately 55 km south of Denio in

northern Nevada, a premier mining jurisdiction, and is fully road-accessible with power lines on-

site.

Proven Historical Production:

Covers the historical Columbia, Bartlett, and Juanita Mines,

which produced high-grade gold from 1870 to 1937, with historical run-of-mine sorted ore

assaying over 34 g/t gold

Multiple Target Profiles:

The property hosts both high-grade mesothermal quartz veins and newly

identified broad zones of bulk-tonnage potential associated with diorite intrusions.

PEARL GOLD PROJECT DETAILS

The Pearl Gold Project is located in Humboldt County, northern Nevada, approximately 55 km south of

Denio in the Varyville Mining District. The property covers the historical Columbia, Bartlett and Juanita

Mines, which produced high-grade gold on a small scale between 1870 and 1937 from veins located

more than 1,000 m apart within the same structural corridor. Historical mining only extended down to the

bottom of the oxidized zone. Diamond drilling by previous operators in 1981 below the Columbia

workings produced a true-width sulphide intersect, which graded

9.60 g/t gold over 3.3 m

(Hole DDH

C2) starting 49 m below surface subsequently no further drilling was completed until 2021.

A reconnaissance program conducted in 2018 focused on three zones - Columbia, Juanita and Josie. A

total of 68 rock geochemical samples were collected during the program.

Thirty-five of the 68 rock

and/or chip samples collected returned greater than 1 g/t gold

(see Table 1)

Significant rock

sample results are listed below:

Columbia - 150.0, 75.4, 34.9, 10.5, 7.4, and 7.13 g/t gold

Juanita - 11.4, 6.35, and 5.85 g/t gold

Josie - 86.1, 45.2, 42.2, 36.2, 25.7, 21.6, 16.7, 13.1, and 5.49 g/t gold

Gold mineralization occurs with sulphides (arsenopyrite and pyrite) or their weathered products

(scorodite and iron oxides). Only minor amounts of quartz or silica accompany the mineralization. The

veins are found in fault/shear zones that cut andesites, andesitic epiclastics and diorites, but seem to be

best developed within and on the margins of mapped diorite intrusions. Underground workings were not

sampled or mapped during the program.

Figure 1 - 2018 Grab Sample Overview

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4874/285227_01259e3344c5d895_001full.jpg

Columbia

, multiple drill holes (Table 2) confirmed that a broad envelope of gold mineralization flanks

the high-grade vein identified by historical miners at Columbia and that a second high-grade vein

parallels the structure targeted by historical miners. Highlight intervals include:

2.89 g/t Au over 9.14 m

from 79.25 m downhole (including

6.74 g/t Au over 1.52 m)

(Hole YU-

21-02)

3.63 g/t Au over 15.24 m

from 94.49 m downhole (including

15.5 g/t Au over 1.53 m)

(Hole YU-

21-02

3.03 g/t gold over 25.91 m

from 79.25 m downhole (including

5.45 g/t gold over 1.52 m and

13.57 g/t gold over 4.57 m)

(Hole YU-22-09

0.86 g/t gold over 9.14 m

from 53.34

downhole (including

2.20 g/t gold over 3.05 m)

(Hole

YU-22-10),

4.2 g/t gold over 10.67 m

from 77.72 m downhole (including

13.26 g/t gold over 3.05 m)

(Hole

YU-22-11

), and,

11.96 g/t gold over 3.05 m

from 105.16 m downhole also in Hole YU-22-11

Mineralization remains open to depth, and mineralizing systems of this character often extend to great

depths. Columbia also remains open along strike as the most southerly drill hole, YU-21-01, was

abandoned short of target depth. The most northerly hole, YU-21-03, was drilled on the north side of a

cross fault that appears to offset the Columbia Zone approximately 160 metres to the northeast. Surface

grab samples collected along the projected northern extension of Columbia, 100 m along strike to the

northeast of hole YU-21-03, have returned assays including 7.18 and 7.13 g/t Au. In addition, Trench D

retuned 7.4 m of 0.43 g/t gold 420 m along strike from YU-21-03.

The

Juanita

target hosts various underground workings and the Juanita Mine, which was once owned

and operated by notable Nevadan prospector Josie Pearl. Many of the previous workings have yet to be

mapped and sampled. Surface sampling at Juanita has returned grab samples grading

57.7 g/t gold

and 11.4 g/t gold (see Table 1)

while a shear zone exposed in a nearby road cut graded

11.9 g/t gold

over 1 m

. Drilling has targeted mineralization to the south of the main shaft, intersecting:

0.99 g/t Au over 30.48 m, including 3.44 g/t Au over 6.1 m,

starting 60.96 m downhole in hole

YU-21-07, and,

0.23 g/t Au over 22.86 m

from 102.11 m downhole in hole YU-21-14

Hole YU-22-14 undercut hole YU-21-07 and terminated before reaching target depth due to mechanical

issues. The last sample of the interval graded 0.52 g/t gold over 1.52 m.

The

Josie

target is a large area located south of the former Juanita Mine that contains scattered

historical diggings, which requires further investigation for bulk tonnage potential. Mineralization at the

Josie target was collected over a 500 m long by up to 200 m wide area, from structures that trend

oblique to the Columbia/Juanita system. Most samples at Josie were taken from vein exposures or float,

but a 2 m chip sample, mapped as weathered 'andesite' with minor iron oxide, contained 1.84 g/t gold.

Two significant chip samples of vein exposures from partially collapsed trenches graded

45.2 g/t gold

over 0.35 m

and

42.2 g/t gold over 0.4 m

The limits of the Josie target have not been defined.

Trench I, located to the east of Josie, returned

2.34 g/t Au over 17.7 m (including 6.49 g/t Au over 2

This discovery lies 500 m east of the closest drill hole and consists of multiple structures that cut

highly altered granodiorite, lending to the bulk tonnage potential in this part of the project.

Results to date indicate that gold mineralization is more widespread than documented in the limited

historical data and may occur in undocumented structural settings as well as broad zones of lower grade

gold mineralization which would not have been of interest to historical miners.

In addition to drilling and trenching, completed geophysics include an airborne total magnetic field and

radiometric survey, a ground based HLEM survey and widespread soil geochemical surveys.

Figure 2

- Property Location

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4874/285227_01259e3344c5d895_002full.jpg

Figure 3

- Historic Workings

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4874/285227_01259e3344c5d895_003full.jpg

Figure

4 - Gold-in-Soil Sample Results

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4874/285227_01259e3344c5d895_004full.jpg

Figure

5 - 2021 and 2022 Drill Hole Locations

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/4874/285227_01259e3344c5d895_005full.jpg

Table 1

: 2018 Grab Samples

Sample #

Zone

Gold Grade (g/t)

Easting

Northing

X646552

Columbia

150

349459

4597687

X646504

Columbia

75.4

349496

4597669

X646553

Columbia

34.9

349505

4597670

X646554

Columbia

10.5

349527

4597738

X646503

Columbia

7.4

349469

4597699

X646551

Columbia

7.13

349429

4597868

X646506

Juanita

11.4

348486

4598260

X646507

Juanita

6.35

348521

4598214

X646520

Juanita

5.85

348436

4598398

X646564

Josie

86.1

348227

4597917

X646575

Josie

45.2

348029

4598347

X646589

Josie

42.2

348170

4597927

X646516

Josie

36.2

348089

4597850

X646517

Josie

25.7

348172

4597874

X646565

Josie

21.6

348167

4597927

X646566

Josie

16.7

348205

4597830

X646556

Josie

13.1

348255

4598072

X646555

Josie

5.49

348257

4598258

Table 2:

2021 and 2022 RC Drill Hole Results

Hole

From (m)

To (m)

Length (m)

Au (g/t)

Columbia Zone Drill Results for Gold

YU-21-01*

76.20

80.77

4.57

0.18

YU-21-02

71.63

109.73

38.10

2.27

Including

79.25

88.39

9.14

2.89

Including

82.30

83.82

1.52

6.74

And

94.49

109.73

15.24

3.63

Including

100.58

102.11

1.53

15.55

YU-21-03

97.54

102.11

4.57

0.46

YU-22-08

88.39

99.06

10.67

0.25

YU-22-09

79.25

105.16

25.91

3.03

Including

79.25

80.77

1.52

5.45

And

99.06

103.63

4.57

13.57

YU-22-10

53.34

62.48

9.14

0.86

Including

57.91

60.96

3.05

2.20

YU-22-11

77.72

88.39

10.67

4.20

Including

85.34

88.39

3.05

13.26

And

105.16

108.21

3.05

11.96

Juanita Zone Drill Results for Gold

YU-21-06

80.77

82.30

1.53

1.00

YU-21-07

60.96

91.44

30.48

0.99

Including

60.96

67.06

6.10

3.44

And

82.30

91.44

9.14

0.51

Yu-22-12*

1.52

6.10

4.58

0.23

YU-23-13

32.00

39.62

7.62

0.28

And

112.79

114.30

1.51

0.52

Yu-22-14*

76.20

77.72

1.52

1.24

And

102.11

124.97

22.86

0.23

Including

132.45

124.97*

1.52

0.52

Josie Zone Drill Results for Gold

YU-21-04

6.10

3.6

0.53

And

35.05

44.20

9.15

0.33

And

65.53

67.06

1.53

0.70

YU-21-05

25.91

35.05

9.14

0.61

Including

25.91

27.43

1.52

2.48

* Hole terminated short of target depth

TRANSACTION DETAILS

The Agreement was entered into on February 24 2026 between Trifecta Gold Ltd, who holds a 100%

interest in the Property (the "

Seller

") and Nortec, pursuant to which Nortec will have the sole and

exclusive right to purchase from the Seller a 100% interest in and to the mineral claims comprising the

Property, in consideration for the issuance or payment by Nortec to the Seller:

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