Norra Metals Provides Corporate Update

VANCOUVER, BC – Norra Metals Corp. (the “Company”) announces that after careful due diligence, the company has decided to reduce its Scandinavian property holding from four properties to two properties. Norra will continue to advance the past producing Bleikvassli project and the nearby Meråker exploration project. The company has decided to return the Norwegian Sagvoll license and the Swedish Bastutrask license back to its partners, EMX Royalty (see News Release dated Dec 13, 2018 for property details). The remaining Norwegian properties contain historic mining areas and/or historic, drill-defined zones of polymetallic base metal mineralization (zinc-lead-copper) with variable levels of precious metal enrichments (silver ± gold).

“2019 was a year of transition for Norra,” said Mike Devji, chief executive officer of Norra Metals. “The company made the strategic decision to enter Scandinavia in late 2018 and was able to acquire a number of properties including the past producing Bleikvassli project. Our decision to return Sagvoll and Bastutrask back to EMX Royalty is to allow us to focus on advancing Bleikvassli and Meraker in 2020.”

There is strong exploration potential on both properties and Bleikvassli as a former Cu-Zn-Ag (± Au) producer, represents an immediate and significant exploration target for the company. The Bleikvassli property is located in central Norway, contains power and paved roads onsite, is close to tide water and nearby rail service. The property hosts the Bleikvassli mine, a past-producing sediment-hosted massive sulphide Zn-Pb-Cu-Ag deposit with minor Au credits. The mine closed in 1997, following continuous operation since 1957 which saw the extraction of 5.0 million tonnes grading 4.0% Zn, 2% Pb, 0.15% Cu, and 25g/t Ag.

The Meråker (18,600 Ha) exploration project is a mature exploration asset that has seen a variety of resource development and small-scale mining. Meråker hosts the historic Lillefjell and Mannifjell deposits which were the sites of small-scale mining completed intermittently between the years 1760-1918. Site visits conducted by Norra Metals revealed massive, high grade sphalerite-chalcopyrite dumps on zones outside of the main developed area.

The company has also decided to return the Kinskuch Lake project to the vendor to concentrate on the Norwegian portfolio.  Norra Metals still has a 100% ownership of the Pyramid property (subject to a 1% NSR) located in the Golden Triangle area of BC and will be looking at opportunities to option the project.

Norra Metals also wishes to announce the resignation of James (Jim) Currie from the Board of Directors. The company wishes Jim good luck in his future endeavors.

Norra Metals Corp. is a Canadian-based junior exploration company comprised of highly qualified mining professionals with two very exciting zinc-copper-lead-silver projects in Norway and the Pyramid porphyry copper-gold project located in northwestern British Columbia.

ON BEHALF OF THE BOARD OF

NORRA METALS CORP.

Per: “Minaz Devji”

Minaz Devji,

CEO and Director

Contact info:

Tel: (604) 258-8666

Email: mike.devji@norrametals.com

 

This news release was prepared by Company management, who take full responsibility for its content. George Cavey P.Geo., Director, is a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators and has reviewed and approved the technical disclosure in this release.

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