Nortec Minerals Corp. announced that Carlos Fernando Jaramillo Muñoz, member of Nortec's Board of Directors, has been appointed as the new President and Chief
Executive Officer, effective August 7, 2019. Mr. Jaramillo has been serving as a Director of Nortec and General Manager of Nortec's Ecuador subsidiary, Normiecu S.A. since 2016. Mr. Jaramillo is a senior executive, based in Quito, Ecuador with extensive experience in the commercial, financial and administrative fields in well-known
multinational and national companies in mining, automotive, and oil sectors. Mr. Jaramillo succeeds Mohan R. Vulimiri as President and Chief Executive officer, as Mr. Vulimiri retired as an officer of Nortec. Mohan remains a member of the Board to facilitate a smooth transition for the new management team.