April 9, 2024 - Vancouver, BC - NORTEC MINERALS CORP. (TSXV: NVT) ("Nortec" or the "Company") is pleased to announce that it has sold its minority interest in the Kietyönmäki Lithium Project ("the Project") located in Finland, by selling its 16.4% interest in Litiumlöydös Oy ("Litiumlöydös"), the entity that holds the rights to the Project, to United Lithium Corp. ('the Acquisition").

As consideration for the Acquisition, the Company received $200,000 in cash in exchange for 490 common shares of Litiumlöydös, representing its 16.4% minority interest. As a condition of closing, all involved parties entered into a Deed of Variation for the purpose of removing Litiumlöydös, Tammela Minerals Oy (a subsidiary of the Company) and Nortec as parties to a joint venture agreement, thereby extinguishing the Company's rights to any royalties on any future production on the Project.

On behalf of the Company

"Sara Hills"
Chief Financial Officer
[email protected]

About Nortec Minerals Corp.

Nortec is a mineral exploration company that holds 100% interests in two exploration stage critical mineral (zinc) projects, namely the Mattagami River Zinc and the Sturgeon Lake VMS properties, both located in Ontario, Canada. Additionally, the Company holds a 16.4% interest in the Tammela Gold Southwest Finland. Additional information can be found on the Company's SEDAR profile at www.sedar.com and its website at www.nortecminerals.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.