Vancouver, British Columbia – August 20, 2020 – Norra Metals Corp. (TSXV: NORA) (FSE: 1KO) (“Norra” or the “Company”) is pleased to announce a non-brokered private placement (the “Private Placement”) offering of up to 25,000,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of up to $1,250,000. Each Unit will consist of one common share and one share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.15 for two (2) years following the closing of the Private Placement. In the event the Private Placement is over-subscribed, the Company will make provision for an over-allotment option (the “Over-Allotment Option”) to allow the Company to increase the size of the Private Placement by up to 10% and issue an additional 2,500,000 Units for additional gross proceeds of $125,000.

The Company intends to use the net proceeds of the Private Placement for its working capital.The issuance of the Shares is subject to the approval of the TSX Venture Exchange. In addition, all any shares issued or issuable upon the exercise of a Warrant (collectively, the “Securities”) will be subject to the following hold period: (i) 25% of all Securities issued will be released six months after the closing date; and (ii) 25% of all Securities issued will be released every two months thereafter.

About the Company

Norra Metals Corp, (TSX-V: NORA), is a Vancouver based Canadian precious and base metals exploration company with two exploration projects in Scandinavia. Our new Scandinavian properties, acquired from EMX Royalty Corp., include the Bleikvassli mine; the last copper-zinc-silver-gold producing mine in Norway as well as the Meråker copper-zinc-silver property that had small production dating to around the turn of the century but have seen limited modern exploration. The Company also holds a 100% interest In the Pyramid Cu/Au porphyry project located in the Golden Triangle of British Columbia.

ON BEHALF OF THE BOARD

“Mike Devji”
CEO and Director

Tel: (604) 258-8666
Mike.devji@norrametals.com

For additional information, please contact:
Mr. Tony Perri – Investor Relations
Tel:  (604) 818-7779  Email:  tony.perri@norrametals.com

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