Nord Precious Metals Mining Inc. announced it has signed a non- binding Letter of Intent (LOI) to purchase 80% of two exploration permits in Sweden with the option to purchase the remaining 20% after successfully completing the option terms. Finnsbo and Norrsby Properties: The geology of Finnsbo and Norrsby are composed of a deformed sequence of felsic to intermediate pyroclastic units with zones of arenite and locally intercalated dolomitic to limestone horizons. This Palaeo-Proterozoic sequence of volcano-sedimentary rock is moderately metamorphosed, silicified and intruded by mafic dykes. Mineralization patterns suggest that the overall control is polyphase structural zones that have conducted fluids up and away from the mafic root.

The mineralization is both spatially and temporarily zoned. Mineralizing fluids are highly exotic and can contain anomalous Au, Cu, REE, Be, Re, Co, Mn, In, Zn. Option Agreement: The non-binding letter of intent dated July 2, 2024 sets forth the terms and conditions which shall form the basis of the option agreement whereby Nord Precious Metals Mining Inc. may acquire up to a 80% interest in certain mining claims located in Uppsala County, Sweden.

After completion of the requirements of the option agreement Nord has the right to acquire the additional 20% for cash payment. The Company and Optionor shall enter into the Option Agreement whereby the Optionor shall grant to the Company the right to acquire an undivided 80% interest in and to the Property as follows: a) Cash payment of USD 100,000 to be paid to the Optionor, upon TSX Venture Exchange approval to the Definitive Agreement; b) The Company incurs exploration expenditures on the Property in the amount USD 170,000 on or before the one-year anniversary of the Definitive Agreement, to earn an undivided 80% interest in the Property; c) Commitment to fund studies for bulk sampling permit; d) Upon exercise of the Option by the Company, the Company grants to the Optionor a1.5% NSR on the Property. The Company retains a $500,000 buy back on 1% of the NSR. e) Additional 20% interest in the property can be purchased by cash payment to the Optionor of USD 300,000.