Vancouver, BC / The Newswire / April 29, 2020 – NORTEC MINERALS CORP. (the “Company” or “Nortec”) (TSXV: NVT) – announces that it has postponed filing its audited financial statements and Management’s Discussion & Analysis for the year ended December 31, 2019.

The Company is relying on exemptive relief recently granted by Canadian securities regulatory authorities that allows it to delay the filing of its Annual Documents required by National Instrument 51-102 by April 29, 2020. In response to the COVID-19 pandemic, securities regulatory authorities in Canada have granted a blanket exemption allowing issuers an additional 45 days to complete their regulatory filings.

The Company estimates that its 2019 Financial Statements are expected to be filed on or before May 31, 2020. Until such time as the 2019 Financial Statements are filed, the Company’s management and other insiders are subject to a trading blackout that reflects the principles contained in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

Nortec provided an update on the status of the Tomboko Gold Property in Guinea, West Africa. The News Release was disseminated on April 24, 2020 and can be referred to on SEDAR at www.sedar.com. This information will be incorporated in the 2019 Financial Statements under the category Subsequent Events.

About Nortec Minerals Corp.

Nortec is a mineral exploration and development company based in Vancouver, British Columbia. Nortec earned a 51% interest in the Tomboko Gold Project, Northeast Guinea, West Africa. Nortec also has a 100% interest, subject to a 1% Net Smelting Royalty, in the Cottonwood Vanadium-Uranium property located in Utah, USA, and a minority interest in the Tammela Gold & Lithium Project in Southwest Finland. Detailed information on these projects are posted on the Company’s website www.nortecminerals.com. On behalf of the Board of Directors,

Nortec Minerals Corp.

“Mohan R. Vulimiri”

Mohan R. Vulimiri

Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.