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Terra Balcanica Acquires 100% of Viogor Project in Bosnia and Announces Extension To Private Placement Financing

Vancouver, British Columbia – September 21^st 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that it has entered into an agreement to acquire complete ownership of the Viogor polymetallic exploration project (“Project”) in Bosnia by acquiring (the “Acquisition”) the remaining 10% equity interest in its Bosnian subsidiary in consideration for the issuance of common shares to two arm’s length minority shareholders of such subsidiary (the “Vendors”).

Project Acquisition

The Company has secured the remaining 10% of the ownership in its Bosnian subsidiary Drina resources doo Srebrenica in exchange for the issuance of an aggregate of 6,331,400 common shares in the capital of the Company (the “Consideration Shares”) to the Vendors. Terra has previously obtained a new mineral exploration licence (“Permit”) comprising the Viogor Project in eastern Bosnia and Herzegovina as announced in the Company’s news release dated June 3^rd, 2026. The new Permit for the “Pb-Zn-Cu and associated base and precious metals” No. 05.04/310-366-3/26 was issued to Energetski minerali doo Banja Luka, a wholly owned Terra subsidiary, by the Republic of Srpska Ministry of Energy and Mines on May 20^th, 2026. The Permit is valid for 3 years with standard provisions for two, 2-year long extensions allowing for up to 7 years of mineral exploration tenure.

The Consideration Shares to be issued pursuant to the Acquisition will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Acquisition remains subject to the approval of the Canadian Securities Exchange.

Financing Extension

The Company also announces an extension to its non-brokered private placement (the “Private Placement”), initially announced in the Company’s news release dated June 24^th, 2026, for gross proceeds of up to C$750,000 through the issuance of up to 15,000,000 units (each a “Unit”) at a purchase price of C$0.05 per Unit. The Company has extended the closing date (the “Closing Date”) of the Private Placement to be on or before October 8^th, 2026.

Each Unit will be comprised of one common share in the capital of the Company (“Common Share”) and a Common Share purchase warrant (“Warrant”) to purchase an additional one common share of the Company (“Warrant Share”) at an exercise price of C$0.10 per Warrant Share for a period of 24 months from the Closing Date. The Units are being offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the Company. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The Private Placement is subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the Private Placement.

Terra intends to use the proceeds of the Private Placement to pay for: i) executing a ground geophysical survey at the Cumavici target, and ii) commencing the Phase IV drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina, and iii) for working capital purposes.

About the Company

Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 39.5% stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Spin Off Terra North Resources Identifies Radiometric Anomalies Over Charlot-Neely Lake in Saskatchewan

Vancouver, British Columbia – September 4^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that Terra North Resources Corp. (“Terra North”), in which Terra owns 39.5% equity, has received the preliminary data from an airborne survey being conducted over its flagship Charlot-Neely Lake claims (the “Charlot-Neely Lake” or the “Project”), located 20 km north of Uranium City, Saskatchewan (see the Company’s news release dated August 3^rd, 2026; Figure 1).

Terra North holds an option to acquire 100% interest in the Project from Fulcrum Metals Canada Ltd. subject to satisfying certain earn-in requirements (see the Company’s news release dated July 3^rd, 2024).

Preliminary Data

The 2,441-line km survey across 163.7 km² of the Project will provide a high-resolution coverage of multiple radiometric anomalies interpreted as being related to uranium-bearing sources, including several that are positioned along prominent NE-SW trending conductors (Figure 1). The survey is conducted at 75-metre line spacing along E-W direction and 1000-m spaced, N-S oriented tie lines.

A16-detector focused gamma ray spectrometer system operated by Special Projects Inc. has now detected 7 prominent (U, Th) radiometric anomalies after having flown the preliminary, N-S oriented tie lines (Figure 2). One of the strongest readings was in the area north of Neely Lake, previously known to host outcrops of uranium mineralization grading up to 0.8% U₃O₈ (Figure 1).

The CS-III magnetometer, sampling at 1,000 Hz has in turn broadly defined two major magnetic domains separated by NE-SW striking Black Bay Fault (Figure 3) and roughly corresponding to Paleoproterozoic crystalline basement rocks of the Beaverlodge and Zemlak Domains of the Rae sub-province. The Zemlak Domain comprises foliated to gneissic granitoid rocks of inferred Archean age, as well as locally graphitic psammopelitic to pelitic gneisses and migmatites, and widespread leucogranites of inferred early Proterozoic and/or late Archean age. The rock include: 1) variably magnetic orthogneisses, 2) pelitic gneissic to migmatites and derived diatexites, 3) locally garnetiferous leucogranites, and 4) rocks that are too altered and mylonitized to classify. Тhe Beaverlodge Domain hosts northern margin of the Athabasca Basin, which trends erratically along the southernmost point of the Crackingstone Peninsula. This unconformable contact displays windows of the Murmac Bay Group quartzite/quartz-feldspathic gneisses overlain by 1.71 to 1.50 Ga Athabasca Supergroup sandstones, breccias, and basal conglomerates, which outcrop intermittently and are occasionally stratigraphically reversed.

Terra Balcanica and Terra North CEO, Dr. Aleksandar (Alex) Mišković, commented:

It is encouraging to see that the very first day of flying has yielded several promising radiometric signatures to follow up on. We are excited to receive the full data set to process and invert as a precursor for ground truthing and drill target definition. I am certain we will have plenty to choose from looking at the remaining size of Terra North’s portfolio in the Beaverlodge District where recent maiden drilling on Xcite’s Don Lake claim 9 km to southwest has been successful.

Restructuring the Board of Directors

Mr. Giulio Bonifacio has decided to step down as the Non-Executive Chairman of Terra’s Board of Directors to focus on his other business interests, effective immediately. Additionally, Mr. Brandon Bonifacio has stepped down as director of the Company to focus on his role as the CEO of Nevgold Corp., also effective immediately. The Terra CEO and Directors are thankful to Giulio and Brandon for their contributions and support over the last five years.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s CEO and designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has prepared this news release and validated that the information contained within is factual and accurate.

About the Company

Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 39.5% ownership in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Spin Off Terra North Resources Corp. to Start Airborne Geophysics Over Charlot-Neely Lake Claims in Saskatchewan

Vancouver, British Columbia – August 19^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that Terra North Resources Corp. (“Terra North”), a private company incorporated under the laws of British Columbia in which Terra owns 39.5% equity, has engaged Calgary, AB based Special Projects Inc. (“SPI”) to conduct a combined, radiometric and magnetic survey at its flagship Charlot-Neely Lake claim cluster (“Charlot-Neely Lake” or the “Project”), located 20 km north of Uranium City along the northwestern margin of Saskatchewan’s Athabasca Basin (Figure 1).

Terra North holds an option to acquire 100% interest in the Project from Fulcrum Metals Canada Ltd. subject to satisfying certain earn-in requirements (see the Company’s news release dated July 3^rd, 2024).

SPI Survey

The SPI survey will provide a high-resolution coverage of multiple radiometric anomalies interpreted as potentially related to uranium-bearing sources, including several that are positioned along prominent NE-SW trending conductors (Figure 2). The airborne survey will be completed under Terra North’s direction and will be fully funded by Terra North as a qualifying exploration expenditure and a part of its listing requirements via Reverse Takeover.

To be flown at 75-metre line spacing along E-W direction and with 1000-m spaced N-S oriented tie lines, SPI will execute a three-week long, geophysical program to produce high-resolution radiometric and magnetic datasets along 2,441-line km across the entire 163.7 km² of the Project to support a comprehensive interpretation of basement geology (Figure 3).

SPI’s 16-detector focused gamma ray spectrometer system generates some of the highest spatial resolutions in the industry with a 20m sensor footprint on surface. It is specifically designed to locate individual boulders and is readily used for radioelement (K, Th, U) hotspot identification and mapping. The SPI platform includes the CS-III magnetometer, sampling at 1,000Hz and designed for low-altitude flights to systematically map district-scale subsurface geological structures, detect faults and lineaments as well as estimate depth of the Athabasca sedimentary package. A Riegl NADIR narrow beam LiDAR (Light Detection and Ranging) will be used for terrain mapping. The SPI’s GNSS/INS/AHRS FOG inertial sensors provides precise attitude and real time and corrected position accuracy to cm level. Infill flightpaths will be made across the newly discovered or particularly anomalous measurements.

When eventually integrated with heliborne VTEM and drone LiDAR surveys, the SPI data set will help Terra North identify or upgrade selected target zones for ground truthing (mapping and sampling) in early 2027 and will assist with drill target prioritization.

Terra Balcanica and Terra North CEO, Dr. Aleksandar (Alex) Mišković, commented:

SPI is known for delivering robust, high-resolution magnetic and radiometric data that have previously advanced understanding of prospectivity and basement geology across the Beaverlodge District. We will be able to assess the new magnetic anomalies and gamma ray counts against known geophysical features to thoroughly assess the uranium-bearing potential of Charlot-Neely Lake on a regional scale. Terra North’s immediate focus will be to refine and rank targets for follow-up drill programs. We are also looking forward to commencing a fully funded airborne geophysical coverage of all remaining parts of Terra North’s 594 km2 portfolio including Snowbird Tectonic Zone, South Pendleton and the Fontaine Lake claims.

Going Public Transaction

Since the incorporation and spin-out of Terra North (see the Company’s news release dated December 15^th, 2025), Terra North has been advancing preparations for a going public transaction. Proceeds from two rounds of private placement financings have been used to maintain in good standing its sizeable Athabasca Basin land holdings. Terra North is incurring exploration expenditures on the Project sufficient to qualify for a listing on a Canadian stock exchange and is in the process of completing an audit of its financial statements and commissioning a technical report on the Project. Terra North’s management is in the process of evaluating potential counterparties for completing a reverse-take over transaction to achieve a listing on a Canadian stock exchange and anticipates such going public transaction to be completed in Q4 2026.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s CEO and designated Qualified Person within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has prepared this news release and validated that the information contained within is factual and accurate.

About the Company

Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 39.5% ownership in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

Download news release (.pdf)

Terra Balcanica Announces Extension to Private Placement Financing

Vancouver, British Columbia – August 7^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) announces an extension to its non-brokered private placement (the “Private Placement”), initially announced in the Company’s news release dated June 24^th, 2026, for gross proceeds of up to C$750,000 through the issuance of up to 15,000,000 units (each a “Unit”) at a purchase price of C$0.05 per Unit. The Company has extended the closing date (the “Closing Date”) of the Private Placement to be on or before September 8^th, 2026.

Each Unit will be comprised of one common share in the capital of the Company (“Common Share”) and a Common Share purchase warrant (“Warrant”) to purchase an additional one common share of the Company (“Warrant Share”) at an exercise price of C$0.10 per Warrant Share for a period of 24 months from the Closing Date. The Units are being offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the Company. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The Private Placement is subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the Private Placement.

The Company intends to use the proceeds of the Private Placement to pay for: i) the costs of a UK stock exchange listing, ii) executing a ground geophysical survey at the Cumavici target, and iii) commencing the Phase IV drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina.

Terra North Share Issuance

Terra further announces that Terra North Resources Corp. (“Terra North”), its corporate spin-off and a private company incorporated under the laws of British Columbia, Canada in which Terra currently owns a 46.3% equity stake (see December 15^th, 2025 news release), and which became the optionee of the reassigned exploration portfolio in Saskatchewan pursuant to an amending, assignment and assumption agreement between Terra, Terra North, Fulcrum Metals PLC and Fulcrum Metals (Canada) Ltd. (“Fulcrum Canada”) dated November 10^th, 2025, has issued 5.6 million Terra North shares to Fulcrum Canada at the price of C$0.10 per share as the 2nd anniversary payment of the original option agreement and based on the second amending agreement (“Second Amending Agreement”) dated August 6^th, 2026 entered into between the parties. Pursuant to the Second Amending Agreement, the Terra North shares held by Fulcrum Canada will be subject a voluntary 12-month hold period following completion of a going-public transaction by Terra North, in addition to mandatory escrow and hold periods that may be imposed by applicable securities laws, the policies of an applicable stock exchange and selling agents. Further, the 2nd anniversary cash payment to Fulcrum Canada by Terra North will be deferred to the earlier of (i) the 13th trading day following the completion of a going-public transaction, and (ii) October 31^st, 2026, and the remainder of the option conditions will be extended based on the anniversary dates of the going-public transaction if completed prior to the original deadlines.

Terra North Share Issuance

The Company also announces that further to its news release dated June 25^th, 2026, it has concluded its engagement of DGWA GmbH as a financial markets advisor of the Company.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About the Company

About the Company
Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 46.3 equity stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Appoints DGWA as European Financial Markets Advisor

Vancouver, British Columbia – June 25^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that it has appointed DGWA GmbH (“DGWA”), a Frankfurt-based corporate advisory and capital markets firm, as its European financial markets advisor.

This strategic engagement aims to maximize the value of Terra Balcanica’s high-grade polymetallic portfolio and increase market recognition of the Company’s unique exposure to silver, antimony, zinc, gold and lead in one of Europe’s most historically productive metallogenic belts. DGWA will support the Company in significantly expanding its European profile among strategic investors, institutional funds, family offices and industry participants, and in growing awareness of Terra Balcanica’s rapidly advancing flagship Viogor Project.

Terra Balcanica Resources Corp. is a polymetallic exploration company targeting large-scale mineral systems within the Western Tethyan Metallogenic Belt in southeastern Europe. The Company holds 100% interest in the Viogor Project in eastern Bosnia and Herzegovina, a 49 km² land package situated adjacent to Mineco Ltd.’s operating Sase Mine in the prolific Srebrenica mining district. The Viogor Project offers exposure to one of southeast Europe’s most geologically compelling polymetallic prospects. Drill campaigns between 2022 and 2026 have confirmed high-grade silver-antimony mineralization, with an average grade of ca. 650 g/t Ag Eq. approximately 50 m below surface at Cumavici and 436 g/t Ag Eq. over 20 m at Brezani as well as the world’s 5th best 2024-2025 antimony intercept.

With antimony classified as a critical mineral by the European Union and the United States and Australia, Terra Balcanica is strategically positioned at the intersection of Europe’s critical mineral security agenda and one of its most prospective yet underexplored exploration frontiers.

Dr. Aleksandar Mišković, president and CEO of Terra Balcanica Resources, commented:

Europe is where our story needs to be told. The Western Balkans sit within one of the world’s great metallogenic belts, yet the region remains significantly underexplored relative to its geological endowment. Our Phase III drill program delivered outstanding results at Viogor, and we are at a stage where broadening our European investor base is both timely and strategically important. DGWA’s deep network across the DACH region and European capital markets makes them the right partner to support that effort. We look forward to expanding our visibility and connecting with the investors who will help us unlock the full potential of this project.

Mr. Stefan Müller, CEO of DGWA, noted:

We are pleased to work with Terra Balcanica and support the company in the European financial markets. The Viogor Project represents a genuinely compelling critical minerals opportunity in a region of growing strategic importance to European industry. The project’s high-grade silver-antimony system, combined with an emerging large-volume gold target, places Terra Balcanica at a distinctive position in the European exploration landscape. At a time when supply chain resilience and critical mineral security are driving unprecedented institutional interest in junior explorers, we look forward to introducing the Company to our European investor network and supporting its growth across the DACH region and beyond.

About DGWA GmbH

DGWA, the German Institute for Asset and Equity Allocation and Valuation (“Deutsche Gesellschaft für Wertpapieranalyse GmbH”), is a European Corporate Advisory based in Frankfurt, Germany. The management team has a 30-year track record in trading, investing, and analysing SMEs around the world. DGWA has been involved in over 250 IPOs, financings, bond issues, dual listings, and corporate finance transactions as well as corresponding road shows and awareness campaigns.

About the Company

Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 48% stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

Download news release (.pdf)

Terra Balcanica Announces Private Placement Financing

Vancouver, British Columbia – June 24^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce the intent to complete a non-brokered private placement (the “Private Placement”) for gross proceeds of up to C$750,000 through the issuance of up to 15,000,000 units (each a “Unit”) at a purchase price of C$0.05 per Unit. Each Unit will be comprised of one common share in the capital of the Company (“Common Share”) and a Common Share purchase warrant (“Warrant”) to purchase an additional one common share of the Company (“Warrant Share”) at an exercise price of C$0.10 per Warrant Share for a period of 24 months from the closing date of the Private Placement (the “Closing Date”).

The Units will be offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the Company. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The Closing Date is expected to occur on or before July 17^th, 2026, subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the Private Placement. The Company intends to use the proceeds of the Private Placement to pay for: i) the costs of a UK stock exchange listing, ii) executing a ground geophysical survey at the Cumavici target, and iii) commencing the Phase IV drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About the Company

About the Company
Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 48% stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Obtains Exploration Licence in Bosnia-Herzegovina

Vancouver, British Columbia – June 3^rd 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that it has secured a new mineral exploration licence (“Permit”) comprising the Viogor polymetallic project in eastern Bosnia and Herzegovina.

The new mineral exploration permit for the “Pb-Zn-Cu and associated base and precious metals” No. 05.04/310-366-3/26 was issued to Energetski minerali doo Banja Luka, a wholly owned Terra subsidiary, by the Republic of Srpska Ministry of Energy and Mines on May 20^th, 2026. The exploration permit is valid for 3 years with the standard provisions for two 2-year extensions allowing for up to 7 years of continuous mineral exploration tenure.

The new permit area encapsulates the three targets defined by Terra’s diligent exploration activities between 2020 and 2022, namely: the historically known Čumavići polymetallic corridor, the Kiseli Potok Mo porphyry and the two Brežani discoveries. It encompasses 49.06 km² and extends NW-SE along the Alpine orogenic trend west and south of the town of Srebrenica (Figure 1.)

Terra’s President and Chief Executive Officer, Dr. Aleksandar Mišković, P.Geo., remarked:

Building on our discoveries of high-grade, silver-antimony-zinc-lead-gold mineralization at Čumavići as well as an auriferous skarn and silver-antimony-zinc mineralization at Brežani, our securing of the Viogor project is an important step in advancing Terra’s Bosnian assets. It allows the Company to maintain drilled target areas for an additional seven years and as such to become one of the very few suppliers of critical metals, notably antimony, for the neighboring European markets. Removing tenure uncertainty paves way for unhindered push towards a preliminary resource estimate next year. Not only is the award of Viogor fundamental for our success but it also illustrates the ease of doing business in Republic of Srpska, Bosnia and Herzegovina while highlighting the expertise of our management team when it comes to holding onto key assets.

Viogor Project

The Permit project covers 49.06 square kilometres of historic Srebrenica mining district (i.e. Srebrenica Magmatic Complex; see below) downsized to one active exploration permit. It includes a series of silver and base metal targets interpreted as intermediate sulfidation epithermal veins and lies approximately 80 kilometres east-northeast of the Dundee Precious Metals’ Vareš mine that hosts Indicated Mineral Resources of 18.3 Mt at 168 g/t Ag, 1.3 g/t Au, 4.6% Zn, 2.9% Pb, 0.4% Cu and 30% BaSO₄ and Inferred Mineral Resources of 2.8 Mt at 75 g/t Ag, 0.5 g/t Au, 2.4% Zn, 1.6% Pb, 0.2% Cu and 13% BaSO₄, a deposit comparable in grade and metal composition to the two targets at Viogor.

Terra’s exploration licence is also located adjacent to the Mineco Ltd. Gross (Sase) Mine which produces approximately 330 kt of lead-zinc-silver-gold concentrate per year (Figure 1; https://www.minecogroup.com/gross). This facility hosts a crushing and flotation circuits to process the ore which is genetically identical to the mineralized horizons drilled by Terra and thus offers a strategic advantage during further project development.

Regional and Project Geology

The Srebrenica Magmatic Complex (SMC) is the 30-million-year-old, western member of the Podrinje Metallogenic District which includes the Serbian Cer and Boranja mining districts, collectively the northwesternmost extensions of the Serbo-Macedonian Metallogenic Province (SMMP) of the Western Tethyan Metallogenic Belt. The SMMP mainly hosts deposits of Paleogene to Neogene age. The Srebrenica district is hosted by Oligo-Miocene, intermediate to mafic subvolcanic rocks emplaced into Paleozoic slates and covered by Neogene felsic pyroclastics.

The district has been known to host two types of mineralization: (i) cassiterite-bearing, greisen mineralization related to quartz-tourmaline-muscovite facies, and (ii) Pb–Zn–Fe bearing hydrothermal veins with variable concentrations of Ag, Sn and Sb. As such, the Srebrenica district shares many mineralogical similarities to those of the Andean Ag–Sn belt, Germany’s Freiberg-Erzgebirge district, the Lavrion deposit in Greece, and the Baia Mare Metallogenic District of East Carpathians, in Romania. The Srebrenica mineralization contains a comparable mineral assemblage to that of the San José Ag–Sn deposit, Oruro, Bolivia (cassiterite, stannite, pyrite, chalcopyrite, argentian tetrahedrite, galena and sphalerite).

The ore mineralization in Srebrenica is related to a syn-volcanic ring-radial fractures where hydrothermal ore veins are concentrated within four main systems of brecciated fractures: (i) the NE ore zone (Sase/Gross mine), (ii) the NW ore zone (Čumavići), (iii) the northern ore zone (Vitlovac), and (iv) the central ore system (Guber, Olovine). The origin of ore mineralization is genetically associated with a concealed plutonic body of S-type granitoid composition shallowly emplaced beneath the south-central part of the district.

Extensive greisen bodies are particularly well developed and composed of quartz, tourmaline and muscovite are found along the contact between the micro-granodiorites and Paleozoic slates. Tourmaline occurs as needle shaped, columnar and radiating aggregates. Greisens tend to be associated with endoskarns and indicate a proximal intrusive body with upper aureoles sealed shut to prevent fluids escaping. The Pb-Zn sulfides, accompanied by siderite, marcasite, sulfosalts and Ag sulfides are the dominant hydrothermal ore minerals, developed in the central part of the district, while in the peripheral parts there is mineralization associated with low-temperature epithermal veins (Sb, locally W, and Hg). The chief targets zones at Viogor presently include:

• The Čumavići corridor comprises a series of shallow, high grade, intermediate sulphidation epithermal Ag-Au-Pb-Zn-Sb vein-hosted targets with over 7.2 km of strike-length and hosted by clastic and crystalline tuffs and pyroclastic breccias. The host volcanics have been crosscut by NW-SE trending structures and are part of the larger SMC magmatic-hydrothermal system. High-grade epithermal mineralization is silver and antimony dominant with further gold-lead-zinc tenure. Terra’s drilling has confirmed three polymetallic systems so far: Joševa, Čumavići Crest, and the flagship vein system at Čumavići Ridge. The Cumurnica and Kazani targets remain to be drill tested. Thus far, the average grade of polymetallic mineralization at the flagship Čumavići Ridge system, which has seen over 28 drill holes along 180 m of strike length, averages 485 g/t Ag Eq. over 4.0 m (March 2026 commodity prices). Mineralogically, the ore is characterized by sphalerite-stibnite-galena and further silver-rich sulphosalts that are associated with quartz and calcite veining and breccia cement. Epithermal mineralization occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with sulfides visible within fault gouge.
• Brežani hosts components of a large, multidomain, magmatic-hydrothermal system discovered by airborne TEM-magnetic and geochemical surveys. It comprises a 650 m by 400 m large, retrograde, chlorite overprinted, Au-bearing skarn upon a shallowing, base metal rich, structurally controlled, intermediate sulfidation epithermal ore zone at depth. The BRE23001 through 23004 diamond drill holes were located within the Au-in-soil anomaly and were intended to assess lithological variability and grade of the Au skarn along strike. Additionally, the drillholes tested the resistive volume above an abrupt change into a central magnetic low shell within the general >95th percentile magnetic high anomaly to verify the lateral extent of 0.61 g/t Au Eq. drilled in the central BREDD002.
  
  This particular discovery hole further intercepted ca. 20 m of fault-breccia hosted Ag-Sb-Zn mineralization at 480 m of depth grading upwards of 436 g/t Ag Eq. This intercept is coincident with a 1.2 km long EM conductor shallowing towards northeast and eventually surfacing at the topographic high of Brežani which was imaged during the 2021 TEM study. The mineralogical textures form the initial intercept pierced through the ore zone suggest a stratigraphic level that is apparently below the so-called “boiling zone” thus offering potential upside should one be intercepted up dip. The lateral extent of the 17-degree dipping conductor interpreted as the Sb-Ag-Zn mineralization is 1.2 km in length, up to 600 m in width and 20 m thick offers potential for a large tonnage ore body.

Shares for Debt

The Company has further agreed to settle outstanding debts in the amount of C$100,000 (the “Debt”) owing to two arm’s length creditors by issuing an aggregate of 1,666,666 common shares in the capital of the Company (the “Common Shares”) at a price of C$0.06 per Common Share (the “Shares for Debt Transaction”). The Board of Directors has determined it is in the best interests of the Company to settle the outstanding Debt by the issuance of the Common Shares in order to preserve the Company’s cash for ongoing operations.

Closing of the Shares for Debt Transaction is subject to customary closing conditions, and the Company intends to close as soon as practicable. The Common Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities laws.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns significant stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Closes Oversubscribed Private Placement Financing

Vancouver, British Columbia – April 14^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce closing of the non-brokered private placement financing (the “Offering”) of units (the “Units”) for gross proceeds of $439,370.41 Canadian.

The Company issued 8,787,408 Units at a price of C$0.05 per Unit pursuant to the Offering announced on March 23^rd, 2026. Each Unit consists of one common share in the capital of the Company (“Common Share”) and one Common Share purchase warrant (“Warrant”). Each Warrant issued in the Offering entitles the holder to purchase one Common Share at an exercise price of C$0.10 until April 14^th, 2028. Finders’ fees in the amount of C$12,950 were paid to arm’s length finders that located purchasers for the Offering. Additionally, 259,000 finders’ warrants were issued. The Company intends to use the proceeds of the Offering for land holding costs, to renew the mineral exploration properties in Bosnia and Herzegovina and for general working capital purposes.

Pursuant to applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the “Exchange”), all securities issued and issuable in connection with the closing of the Offering are subject to a four (4) month hold period ending August 15^th, 2026. The Offering is subject to the policies and approval of the Exchange.

Dr. Aleksandar Mišković, Director and CEO of the Company (the “Insider”), purchased 300,000 Units as part of the Offering. The issuance of the Units to the Insider constitutes a “related party transaction” as this term is defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). There has not been a material change in the percentage of the outstanding securities of the Company that are owned by the Insider as a result of his participation in the Offering. The Company is relying on the exemption from the valuation requirement and minority approval requirement pursuant to subsection 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the Insider participation does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101. The participation by the Insider in the Offering was approved by directors of the Company who are independent in connection with this transaction. No materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Announces Private Placement Financing

Vancouver, British Columbia – March 23^rd 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce the intent to complete a non-brokered private placement (the “Private Placement”) for gross proceeds of up to C$300,000 through the issuance of up to 6,000,000 units (each a “Unit”) at a purchase price of C$0.05 per Unit. Each Unit will be comprised of one common share in the capital of the Company (“Common Share”) and a Common Share purchase warrant (“Warrant”) to purchase an additional one common share of the Company (“Warrant Share”) at an exercise price of C$0.10 per Warrant Share for a period of 24 months from the closing date of the Private Placement (the “Closing Date”).

The Units will be offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the Company. The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The Closing Date is expected to occur on or before April 3rd, 2026, subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the Private Placement. The Company intends to use the proceeds of the Private Placement for land holding costs and to renew the mineral exploration properties in Bosnia and Herzegovina.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the terms and completion of the Private Placement, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Private Placement; the state of the equity financing markets in Canada and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Intercepts 607 g/t Ag Eq. Over 3.0 m and 670 g/t Ag Eq. Over 3.9 m at Cumavici in Bosnia and Herzegovina

Vancouver, British Columbia – March 17^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce additional high-grade assay results from the Phase III drill campaign at the Cumavici Ridge polymetallic, epithermal vein target within its Viogor-Zanik project in eastern Bosnia and Herzegovina.

Highlights

• Drillhole CMV25005 intersected 607 g/t Ag Eq. over 3.0 m including:
  • 842 g/t Ag Eq and 3.05% Sb over 1.7 m
• Drillhole CMV25006 intersected 670 g/t Ag Eq. over 3.9 m including:
  • 2115 g/t Ag Eq and 9.58% Sb over 1.0 m
• Step out drillholes located 65 m northwest of CMV25004 which reported 636 g/t Ag Eq. over 4.3 m and 38 m SW of CMVD005 which intercepted 326 g/t Ag Eq. over 10 m;
• Results confirm the high-grade nature and continuity of mineralisation at Cumavici Ridge along strike towards NW potentially linking it with the Cumavici Crest zone. Mineralization remains open down dip to southwest;
• Cumavici Ridge-Crest fault-hosted system is one of the four targets along the largely untested, 5 km long corridor of Ag-rich, base metal mineralization.

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, commented:

Two additional drill intercepts confirm that we have begun to unequivocally define a tabular, high-grade body of silver-antimony dominant mineralization at Cumavici Ridge. With over two dozen positive drill holes spread over 180 m of along strike and testing the southwest-inclined structure to over 200 m down dip, Terra is now looking to drill test the linkage to the neighboring Cumavici Crest target and in doing so extend the mineralization to over 650 m along strike. Furthermore, in 2026, we are poised to drill previously untested Cumurnica target located only 1.5 km to the southwest.

Hole ID	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Sb (%)	Pb (%)	Zn (%)	Ag Eq. (g/t)
CMV25005	96.0	99.0	3.0	175	0.69	2.11	1.94	4.05	607
including	97.3	99.0	1.7	258	1.15	3.05	1.34	2.67	842
CMV25006	91.4	95.3	3.90	168	0.72	2.84	0.66	0.56	670
including	92.7	93.7	1.00	461	1.84	9.58	1.39	1.11	2115

Table 1. Assay results from drillholes CMV25003 and CMV25004 with the interval lengths reported as drilled lengths, not true widths given that true morphology of the mineralized zone is undetermined. Silver equivalents (“AgEq”) are based on assumed metal prices of US$5,000/oz for gold (Au), US$80/oz for silver (Ag), US$1.45/lb for zinc (Zn), US$20/lb for antimony (Sb) and US$0.86/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and 94% Zn were applied to all the laboratory assays and are based on recent published metallurgical tests from analogous polymetallic deposits in Bosnia.

Drillcore Observations

The mineralized intervals intercepted by drillholes CMV25005 and CMV25006 are examples of the typical high grade, massive sulphides of polymetallic nature encountered at Cumavici Ridge since 2022. Mineralization is typified by massive sulphides which can be broadly grouped into a silver-antimony rich, sulphosalts-dominant interval and a colloform banded brown grey, Pb-Zn rich interval of massive sphalerite and galena. The Ag-Sb mineralization, which includes the reported drillholes, is an example of a series of underexplored polymetallic veins that form part of a regional NW-SE trending epithermal system. Others include: Cumurnica, Joseva, and Seoce.

Hole ID	Easting	Northing	Elevation (m)	Dip	Azimuth	Depth (m)	Recovery (%)
CMV25005	360133	4888481	610	-81.81	41.58	115.4	100
CMV25004	360133	4888481	610	-71.92	33.50	106.1	100

Table 2. Collar location and DDH data for the CMV25003/CMV25004 drillholes (WGS84/UTM 34N).

Geology of Cumavici Ridge Target

The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by generally NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc (Figure 1).

Terra’s drilling has confirmed three polymetallic systems so far: Joseva, Cumavici Crest, and the flagship vein system at Cumavici Ridge. The Cumurnica and Kazani targets remain to be drilled. Mineralisation is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralisation occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with mineralisation visible within fault gouge.

QA/QC

Half PQ3 core samples were delivered to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), and blanks were inserted at a rate of 9% and investigated as part of the company’s quality assurance and quality control program.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets owned by its subsidiary Terra North Resources Corp. comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Drills 636 g/t Ag Eq. Over 4.3 m at Cumavici Ridge in Bosnia and Herzegovina

Vancouver, British Columbia – February 23^rd 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce further high-grade assay results from the Phase III drill campaign at the Cumavici Ridge polymetallic, epithermal vein zone within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina.

Highlights

• Drillhole CMV25004 intersected 636 g/t Ag Eq. over 4.3 m including:
  • 1,757 g/t Ag Eq over 0.8 m;
  • 1,319 g/t Ag Eq over 0.4 m
• CMV25004 has tested new ground with the collar located 54m southeast of CMVDD003 which reported 465.5 g/t Ag Eq. over 8.7 m and 27 m SW of CMV23004 which reported 1,168 g/t Ag Eq. over 1.35 m;
• Results confirm the high-grade nature and continuity of mineralisation at Cumavici Ridge, which marks just one vein system within the wider Cumavici license area;
• Mineralization at Cumavici remains open along strike and down dip to southwest;
• Additional Phase III drill testing of the Cumavici Ridge system continues.

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, commented:

Terra continues proving up our flagship shallow, fault hosted, epithermal system. The drill intercepts with individual samples up to 7.23% Sb, 23.4% Zn 3.69 g/t Au and 420 g/t Ag alongside 12.5% Pb attest to the exceptional base and precious metal endowment at Cumavici Ridge. The drilling will continue by focusing on the system extension westward and down dip. We are committed to advancing our portfolio of critical metals and remain an exceptional investment opportunity considering the proximity of our assets to the existing Sase mine infrastructure and our position adjacent to the European markets.

Hole ID	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Pb (%)	Sb (%)	Zn (%)	Ag Eq. (g/t)
CMV25004	62.50	66.80	4.3	101	1.16	1.81	2.13	3.55	636
including	63.60	64.40	0.80	146	3.32	0.94	7.23	2.89	1757
including	65.20	65.60	0.40	420	1.12	1.38	4.22	2.05	1319
CMV25003	76.40	80.50	4.10	33	0.14	0.44	0.28	0.81	108
including	78.90	79.10	0.20	587	1.69	1.28	4.70	1.63	1606

Table 1. Assay results from drillholes CMV25003 and CMV25004 with the interval lengths reported as drilled lengths, not true widths given that true morphology of the mineralized zone is undetermined. Silver equivalents (“AgEq”) are based on assumed metal prices of US$4,950/oz for gold (Au), US$77/oz for silver (Ag), US$1.49/lb for zinc (Zn), US$21/lb for antimony (Sb) and US$0.86/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and 94% Zn were applied to all the laboratory assays and are based on recent published metallurgical tests from analogous polymetallic deposits in Bosnia.

Drillcore Observations

The mineralisation encountered in drillholes CMV25003 and CMV25004 are examples of the typical high grade, massive sulphides of polymetallic nature present within the Cumavici target. The Cumavici Ridge mineralization, which includes the reported drillholes is just one example of a series of underexplored polymetallic veins that form part of a regional NW/SE trending epithermal system. Mineralization is typified by massive sulphides which can be broadly grouped into a silver-antimony rich, sulphosalts-dominant interval and a colloform banded orange-purple zinc-lead interval of massive sphalerite-galena.

Hole ID	Easting	Northing	Elevation (m)	Dip	Azimuth	Depth (m)	Recovery (%)
CMV25003	360187	4888450	603	-86.18	59.28	96.8	100
CMV25004	360184	4888450	602	-52.42	50.22	80.0	100

Table 2. Collar location and DDH data for the CMV25003/CMV25004 drillholes (WGS84/UTM 34N).

Geology of Cumavici Ridge

The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by generally NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc (Figure 2).

Terra’s drilling has confirmed three polymetallic systems so far: Joseva, Cumavici Crest, and the flagship vein system at Cumavici Ridge. The Cumurnica and Kazani targets remain to be drilled. Mineralisation is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralisation occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with mineralisation visible within fault gouge.

QA/QC

Half PQ3 core samples were delivered to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), and blanks were inserted at a rate of 9% and investigated as part of the company’s quality assurance and quality control program.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and northern Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets owned by its subsidiary Terra North Resources Corp. comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Drills Multiple Polymetallic Targets and Extends Mineralized Zones in Bosnia

Vancouver, British Columbia – January 22^nd 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce further assay results from the Phase III drill campaign at the Cumavici Ridge and Brezani targets within its principal Viogor-Zanik project in Bosnia and Herzegovina.

Highlights

• The Brezani drillhole BRE25001A returned 0.43 g/t Au over 55 m from 12 m below surface thus extending gold mineralization to 170 m along strike in the N-S direction. Additional intercepts include:
  • 0.62 g/t Au over 2.0 m from 98.5 m;
  • 0.76 g/t Au over 1.5 m from 108 m;
  • 1.06 g/t Au over 3.0 m from 139 m;
• Successfully intercepting gold mineralization reinforces the multi-domain nature of Brezani as a structurally hosted, gold bearing skarn upon an epithermal, silver-antimony mineralization. Surface gold skarn at Brezani remains untested over 850 m wide soil anomaly (Figure 1). Significant shallow intercepts of gold from previous drilling were:
  • 0.50 g/t Au over 88.0 m from surface (BREDD002);
  • 0.27 g/t Au over 72.3 m from 22m (BRE23001);
  • 0.62 g/t Au over 11.8 m from 9.8m including 1.03g/t Au over 6.65 m (BRE25004; see company news release from 20th August 2025);
• The Brezani drillhole BRE25001 intercepted polymetallic epithermal mineralization returning 60 g/t AgEq. over 6.0 m from 158 m including 95 g/t AgEq. over 3.0 m from 161 m of depth. This confirms the continuity of a steep structure 92 m NE of the BREDD002 intercept returning 436 g/t AgEq. over 19.6 m (see company news release from 20th January 2025);
• The Cumavici drillhole CMV25002 confirmed mineralization shallower than previously reported CMV25001 (Figure 2), marking continuation of the host structure and returning 186 g/t AgEq. over 0.5 m from 58.2 m (Figure 3).

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, commented:

The results from the initial stage of the Phase III drill program in Bosnia highlight extensions of the silver-dominated polymetallic and gold mineralization at both of our key targets. With increases in mineralized footprints at Cumavici and Brezani by close to 100 m along strike at each location, Terra is proving the size aspect of the shallow epithermal mineralization throughout the Viogor Zanik project. The Company is positioning itself as the holder of one of the best, silver-rich exploration assets in the Balkans and Europe. The full extent of the planned drilling meterage at Brezani is committed to as we resume testing Cumavici with rigs commencing work on location this week despite subzero temperatures.

Brezani is located 8.4 km south of the Mineco Ltd. Sase Mine which produces approximately 330 kt of lead-zinc-silver-gold concentrate per year (Figure 1). The target hosts components of a large magmatic-hydrothermal system discovered by airobrne TEM-magnetic and geochemical surveys. The BRE23001 through 23004 diamond drill holes are located within the Au-in-soil anomaly and were intended to assess lithological variability and grade of the Au skarn along strike. Additionally, the drillholes tested the resistive volume above an abrupt change into a central magnetic low shell within the general >95th percentile magnetic high anomaly to verify the lateral extent of 0.61 g/t Au Eq. In the central BREDD002 (Figure 3).

Drillhole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Pb (%)	Sb (%)	Zn (%)	AgEq. (g/t)
BRE25001A	12.0	67.0	55.0	0.43	–	–	–	–	–
BRE25001	158.0	164.0	6.0	0.15	45	0.02	0.03	0.40	60
including	161.0	164.0	3.0	0.29	76	0.03	0.04	0.25	95
	283.6	289.5	5.9	0.26	12	0.01	0.11	0.06	43
CMV25002	58.2	58.7	0.5	1.32	78	0.26	0.23	0.65	186

Table 1. Assay results from drillhole BRE25001 and CMV25002 with the interval lengths reported as drilled lengths, not true widths. Silver equivalents (“AgEq.”) are based on assumed metal prices of US$4,500/oz for gold (Au), US$80/oz for silver (Ag), US$1.40/lb for zinc (Zn), US$20/lb for antimony (Sb) and US$0.9/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests on analogous intermediate sulphidation epithermal vein deposits.

Brezani Phase III Drill Results

Two drillholes were completed at the Brezani Target in follow up to the discovery of polymetallic epithermal mineralization during the 2023 field season, with the intercept of 436 g/t AgEq. over 19.6 m from 482.1 m downhole in BREDD002. Both 2025 drillholes intercepted mineralised horizons associated with known skarn and epithermal systems.

Gold mineralization was confirmed again at Brezani with 0.43 g/t Au over 55 m from 12 m below surface. This correlates to the known retrograde altered skarn and calc-silicate hornfels discovered in 2022. Drilling has confirmed gold over 170 m N-S strike length (between BRE23001 and BRE25001) to date and sits within a >850 m long NW/SE trending gold in soil anomaly. The reconfirmation of thick gold intervals, just below surface is assuring, with the area still underexplored along strike. Previous gold intervals include 0.27g/t Au over 72.3 m from 22 m including 0.62 g/t Au over 7.5 m (BRE23001), 0.5g/t Au over 88.0m from surface (BREDD002) and 0.62 g/t Au over 11.8 m from 9.8 m (BRE23004).

Gold mineralization at Brezani is hosted by a chlorite-retrograde altered package of skarn and calc-silicate hornfels. The mineralised intercept in BRE25001A is composed of dioritic dykes, hydrothermal breccias and calc-silicate altered metasediments. The calc-silicates are fine to coarse grained pyroxene-garnet skarns and hornfels, with variable sulphide contents of pyrrhotite-pyrite-sphalerite-chalcopyrite and rare arsenopyrite. Highest sulphide and gold grades are observed close to the contact of diorite dykes and skarn.

The Ag-base metal epithermal mineralization was successfully intercepted in BRE25001. A series of structural zones were intercepted shallower than the anticipated target depth, indicating a steeper dip of the host structures to SW than previously interpreted. Similar banded quartz-carbonate sulphide veins were encountered, of which some were brecciated, with clasts of vein material cemented together by further quartz-carbonate-sulphide. BRE25001 returned 60 g/t AgEq. over 6.0 m from 158 m downhole.

Geology of the Cumavici Polymetallic Target

Drillhole CMV25002 was drilled at a shallower angle than CMV25001, which intersected 102g/t AgEq over 2.6 m. A similar thickness of structure was encountered in CVM25002, however dominated by fault gouge with clasts of sulphide mineralisation. The structure has been proven to continue towards surface and further northwest than previous drilling efforts. Follow up drilling will be conducted to the southeast, where previous drillholes returned thicker intervals of massive sulphide mineralisation within the same target structure. The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc (Figure 2).

The Phase III drilling has confirmed three polymetallic systems so far exploration at Cumavici: Joseva, Cumavici Crest, and the flagship vein system at Cumavici Ridge. Mineralization is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralization occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with mineralization visible within fault gouge.

Drillhole CMV25002 intersected the shallow target structure at Cumavici Ridge. The structure was marked by strong argillic alteration of the volcanic rocks in the hanging wall, progressing into abundant fault gouge (clay). Within the gouge interval clasts of altered tuff and sulphide mineralization was present, comprised of pyrite-sphalerite-galena-stibnite. Carbonate stringer veins were also noted.

Hole ID	Easting	Northing	Elevation (m)	Dip	Azimuth	Depth (m)	Recovery (%)
CMV25002	360156	4888547	620	-52.5	46.7	91.2	99
BRE25001	368505	4880085	892	-71.1	341.3	306.7	97.8
BRE25001A	368507	4880081	892	-71.9	351	491.1	91.3

Table 2. Collar location and DDH data for the BRE25001, BRE25001A and CMV25002 drill holes reported in WGS84/UTM Zone 34N.

QA/QC

Half PQ3 core samples were delivered to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), and blanks were inserted at a rate of 10.2% and investigated as part of the company’s quality assurance and quality control program.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Assays:

Terra Balcanica Drills 102 g/t Ag Eq Over 2.55 m at Cumavici Ridge and Extend Mineralized Footprint in Bosnia and Herzegovina

Vancouver, British Columbia – January 15^th 2026 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce initial high-grade assay results from the Phase III drill campaign at Cumavici Ridge epithermal vein zone within its principal Viogor-Zanik project in Bosnia and Herzegovina.

Highlights

• Drillhole CMV25001 intersected 102g/t Ag Eq. over 2.55 m within a broader zone of 64 g/t Ag Eq. over 4.7 m from 66m (Table 1) and including 0.4 m wide epithermal mineralized zone with 453 g/t Ag Eq. over 0.4 m;
• Strike length extended to 95m from CMV23004 which returned 1168 g/t AgEq over 1.35 m. Further drilling at Cumavici returned highlights of:
  • 505 g/t AgEq over 11 m (CMVDD004)
  • 824.2g/t AgEq over 4m (CMVDD001)
  • 284g/t AgEq over 10m (CMVDD005; see company news releases dated 8^th September 22^nd October 2022 as well as 2^nd and 27^th February 2023);
• The mineralization remains open northwest and down-dip to the southwest;
• Additional Phase III assays from diamond drillholes at Cumavici Ridge and Brezani targets will be released imminently.

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, commented:

We are very pleased to have extended the footprint at the high-grade Chumavichi Ridge system by continuing to intercept the mineralized horizon. Again, the epithermal, fault hosted mineralization was intercepted shallowly highlighting the potential of this SW-dipping structure, a high-grade, close-to-surface silver and base metal rich target. Our work testing the along-strike and down-dip extent of the Cumavici mineralization continues with more assays which Terra will report soon.

Hole ID	From (m)	To (m)	Length (m)	Ag (g/t)	Au (g/t)	Pb (%)	Sb (%)	Zn (%)	Ag Eq. (g/t)
CMV25001	66.0	70.7	4.7	27.3	0.24	0.37	0.11	0.49	64
including	67.0	69.55	2.55	46.4	0.36	0.58	0.17	0.82	102
including	69.15	69.55	0.40	240	1.62	0.93	0.58	4.12	453

Table 1. Assay results from drillhole CMV25001 with the interval lengths reported as drilled lengths, not true widths. Silver equivalents (“AgEq”) are based on assumed metal prices of US$4,500/oz for gold (Au), US$80/oz for silver (Ag), US$1.40/lb for zinc (Zn), US$20/lb for antimony (Sb) and US$0.9/lb for lead (Pb). Assumed metal recoveries of 90% Au, 93% Ag, 95% Sb, 94% Pb and Zn are based on published metallurgical tests on analogous intermediate sulphidation epithermal vein deposits

Drillcore Observations

The zone of mineralization from 64 m to 73 m (Figure 1) is characterized by a fault-hosted hydrothermal breccia. The structure crosscuts a package of andesites and volcanic tuffs. This has created breccia and fault gouge is present at the margins of the structure which hosts the mineralisation. A 0.4m interval from 69.1m presents as massive sulphides of sphalerite-galena-stibnite-pyrite with sulphide stringers extending into the clay altered volcanics in the hanging and footwall of the host structure. Drilling has importantly confirmed further continuation of the Cumavici mineralisation, which was confirmed as present on Cumavici Crest over 500 m NW.

Hole ID	Easting	Northing	Elevation (m)	Dip	Azimuth	Depth (m)	Recovery (%)
CMV25001	360156	4888547	620	-85	46.7	91.2	99

Table 2. Collar location and DDH data for the BRE25001 drill hole reported in WGS84/UTM Zone 34N.

Geology of Cumavici

The Cumavici license is dominated by volcanic rocks (tuffs and pyroclastic breccias) which have been crosscut by generally NW-SE trending structures and are part of a large epithermal mineral system. Mineralization is silver and antimony dominant with further gold-lead-zinc (Figure 2).

The Phase III drilling has confirmed 3 polymetallic systems so far exploration at Cumavici. Joseva, Cumavici Crest, and the flagship vein system at Cumavici Ridge. Mineralisation is characterised by sphalerite-stibnite-galena and further sulphosalts minerals which are associated with quartz and calcite veining and breccia cement. The mineralisation occupies faults which crop out at surface as distinctive topographic lows, coinciding with magnetic lows and often with mineralisation visible within fault gouge.

QA/QC

Half PQ3 core samples were delivered to ALS Bor, Serbia for sample preparation and analysis at the ALS laboratory Loughrea, Ireland an ISO/IEC 17025:2017 certified testing laboratory. Sample preparation PREP-31BY method was used on all core samples. This involves crushing to 70% less than 2 mm, rotary split 1kg and pulverizing the split to greater than 85% passing 75 microns. Gold was assayed by 30g fire assay with ICP-AES finish (Au-ICP21). Analyses of silver and base metals were completed by highly oxidising digestion with HNO3, KClO3 and HBr (ASY-ORE) and the final solution in dilute aqua regia is determined by ICP-AES (ME-ICPORE). Control samples, comprising certified reference materials (CDN-ME-1811), and blanks were inserted at a rate of 9% and investigated as part of the company’s quality assurance and quality control program.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets owned by its subsidiary comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Announces Proposed Spin-Out of Terra North Resources Corp.

Vancouver, British Columbia – December 15^th 2025 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce that its Board of Directors has approved, in principle, a corporate reorganization (the “Spin-Out Transaction”) whereby the Company plans to spin out its Canadian uranium assets into a wholly-owned subsidiary, Terra North Resources Corp. (“Terra North”).

The proposed spin-out transaction is expected to include the following steps:

• Terra will transfer its 591 km2 Saskatchewan uranium portfolio, including the Charlot–Neely Lake claim cluster located in the Uranium City district, to Terra North, in consideration for 15,000,000 common shares of Terra North;
• Terra North will complete a series of private placement financings to fund the 2026 exploration program on the uranium properties (Figure 1), and provide for other 2026-27 working capital requirements;
• Terra North will distribute a portion of the Terra North Shares held by it to its shareholders on a pro rata basis as a return of capital;
• Terra North will apply to list its common shares on the Canadian Securities Exchange (the “CSE”), targeting a listing in Q2 2026, subject to receipt of regulatory approvals.

Terra North has engaged Dahrouge Consulting Inc. of Edmonton, Alberta to complete a NI 43-101 compliant technical report on the Charlot–Neely Lake property, which will support the Spin-Out Transaction and anticipated CSE listing. Furthermore, Terra North has engaged Maxis Law Corporation of Vancouver, BC to provide legal counsel and facilitate the Spin-Out Transaction.

The Company intends to provide additional details regarding the structure, share distribution ratio, and timing of the spin-out once final terms are determined, and all regulatory and corporate approvals have been obtained. Completion of the Spin-Out Transaction will be subject to shareholder approval, CSE approval, and applicable securities and corporate law requirements.

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, stated:

The spin-out of Terra North positions our uranium portfolio within a focused exploration vehicle while allowing Terra to continue advancing its European projects. We are thus becoming exposed to scarce critical metals with significant projected upside in the coming decade such as antimony, silver, zinc, uranium and REEs. This structure is designed to unlock value for Terra shareholders through direct exposure to the exploration upside of the Canadian assets, while minimizing dilution of Terra shareholders by raising funding for Canadian exploration activity directly in Terra North. We are excited to hit the ground in the late spring of 2026 with a robust $2M exploration budget that will include multiple geophysical surveys and a follow up ground-truthing fieldwork.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica Completes 1200 m of Phase III Drilling at Silver-Antimony Targets in Bosnia and Herzegovina

Vancouver, British Columbia – December 12^th 2025 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTC:TEBAF) is pleased to announce the completion of the 1^st stage of its 2,100 m Phase III drilling program at the Brezani and Chumavichi targets within its polymetallic Viogor-Zanik project in Bosnia and Herzegovina.

Highlights

• Approximately 1,200 m of oriented, diamond core drilling was conducted at the Brezani and Chumavichi targets within Terra’s 168 km2 project in eastern Bosnia;
• Drillholes BRE25001 and BRE25001A, positioned 72 m NE of the discovery hole BREDD002 which returned 19.6 m at 436 g/t AgEq (see company news release dated 20th January 2025), have both intercepted a ca. 50-60 m interval of retrograde altered skarn, the host of the previously reported 0.61g/t AuEq over 88m (see company news release dated 24th January 2023), as well as several structural zones hosting intermediate sulphidation epithermal mineralization;
• Drillholes CMV25001 through 25004 have intercepted multiple zones of shallow, massive sulphide and quartz-sulphide, vein-hosted mineralization in the hanging and footwall of the SW dipping Chumavichi structure, all above 80 m depth;
• Epithermal mineralization encountered at both targets is polymetallic (Ag-Sb-Zn-Pb-Au) as confirmed by sulphide observations and pXRF. Key mineralized intervals have been sequentially sampled and are pending assay completion;
• The complete lithogeochemical assays will be reported after the laboratory data is received in its entirety.

Aleksandar Mišković, President and CEO of the Company comments:

We are pleased to have completed over a half of the planned meterage despite numerous setback and technical challenges which made the 2025 drilling campaign longer than anticipated. Moreover, we are pleased with the intercepted structures and mineralogies observed while logging the core both at Brezani and Chumavichi. The Terra exploration hypothesis about the extension of the base-metal dominated, epithermal mineralization above the NE shallowing conductor at Brezani which was initially interpreted to have served as a fault-hosted fluid conduit continues to be refined in the light of new 3D data. We will proceed towards testing the main Ag-Sb-Zn-As-Bi soil anomaly with additional drillholes. Simultaneously, we shall continue to push ahead with meaningful step outs at the Chumavichi system towards NW. Our drilling team is set to resume the Phase III operations in January of 2026 immediately after the laboratory assays are released to the public.

Phase III Drilling

The 2025 drilling program follows up on high grade, polymetallic mineralizations which Terra has previously discovered, namely at Brezani and Chumavichi targets, Viogor-Zanik Project, Eastern Bosnia. Phase III aims to increase geological knowledge at both localities which have provided outstanding drilling results to date.

The Brezani discovery, is a two-part story. Initial drilling revealed 88m from surface of 0.61g/t AuEq (0.60 g/t Au) within a retrograde altered skarn and hornfels package, which remains completely open along strike within an 850m long gold in soil anomaly. Deeper drilling in BREDD002 discovered an epithermal system, returning 19.6 m at 436 g/t AgEq with 2025 drilling intersecting similar styles of mineralization indicating the epithermal structures are numerous and trend towards surface where an epithermal assemblage soil anomaly exists, offering shallow follow up targets.

The Chumavichi target represents a district scale corridor of epithermal mineralization, with at least 3 separate vein systems confirmed by Terra’s drilling to date. Previous drilling at Chumavichi returned grades of 824.2g/t AgEq over 4 m (CMVDD001), 505.3g/t AgEq over 11 m (CMVDD004) and 284g/t AgEq over 10 m (CMVDD005; see news release dated September 8th October 22nd, 2022, February 2nd and 27th 2023). Vein hosted mineralisation remains open along strike and untested down-dip and highlights clear exploration upside for discovery of further silver and antimony rich sulphides. The 2025 drilling at Chumavichi has encountered similar sulphides to previously reported drillholes, adding to the story at this exciting epithermal target.

Drilling progressed steadily despite challenging ground conditions with over 94% average core recovery achieved.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the use of proceeds for the Offering. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These forward-looking statements are based on a number of assumptions which may prove to be incorrect including, but not limited to, the ability to obtain regulatory approval for the Offering; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Terra Balcanica To Present at the Clean Energy Metals Virtual Investor Conference

Vancouver, British Columbia – August 22^nd 2025 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce participation at the at the Clean Energy Metals Virtual Investor Conference hosted by VirtualInvestorConferences.com, on August 28^th, 2025.

DATE: August 28^th
TIME: 12:30 pm EST
LINK: Register here

Dr. Alex Mišković, P.Geo., the President & CEO, will be available for 1×1 meetings: August 28^th and September 3^rd, 2025.

This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to attend the event live on the day of the conference, an archived webcast will also be made available after the event.

It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

Learn more about the event at www.virtualinvestorconferences.com.

Recent Company Highlights

• A strategic exploration portfolio of critical and energy metals in Europe and Canada;
• The 5^th best antimony-silver intercept globally for 2024-25 announced in January 2025;
• A 231 sq. mile portfolio of uranium claims around the Athabasca Basin, SK, Canada featuring up to 6.2 % U3O8 surface sample to be advanced in 2026;
• Phase III drill program in Bosnia aimed at proving the size of the Sb-Ag-Zn mineralization commenced in August, 2025.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

About Virtual Investor Conferences®

Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

CONTACTS:

Terra Balcanica Resources Corp.

Catherine Cox

Corporate Secretary (604) 999-4136

ccox@terrabresources.com

Virtual Investor Conferences

John M. Viglotti

SVP Corporate Services, Investor Access

OTC Markets Group

(212) 220-2221

johnv@otcmarkets.com

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Terra Balcanica Intersects Gold Mineralization Over 72 m and Starts Drill Program at Brezani Target in Bosnia

Vancouver, British Columbia – August 18^th 2025 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10; OTCQB:TEBAF) is pleased to announce an expansion of the surface gold skarn system at Brezani and the start of the Phase III drill program at its Viogor-Zanik project, Bosnia and Herzegovina.

Highlights

• The Brezani drillhole BRE23001 located 125 m SSW of the maiden Brezani drillhole intercepted 0.27 g/t Au over 72.3 m including 0.62 g/t Au over 7.5 m. Additionally, two antimony veined zones, 1.5 and 0.5 m wide were intersected, respectively (Figure 2);
• The drillhole BRE23002 located 145 m northwest of BRE23001 intercepted 1.51 Zn% over 6 m including 0.54% Sb over 1.65 m as well as 0.6 g/t Au over 2.85 m;
• The drillhole BRE23003 located 77 m southeast of the maiden Brezani drillhole encountered 0.19% Sb over 2.0m as well as 0.6 g/t Au over 2.85 m;
• The drillhole BRE23004 located 92 m NNW of the maiden Brezani drillhole intercepted 0.62 g/t Au over 11.8 m including 1.03 g/t Au over 6.65 m;
• Exploration upside: Au-bearing, retrograde, chlorite overprinted skarn at Brezani has been now confirmed over 200 m in the N-S direction as it overlies the SE extent of the 1.2 km, NE-shallowing conductor interpreted to be Sb-Ag-Zn mineralized.

The maiden Brezani drillhole BREDD002 intercepted 0.61 g/t AuEq over 88.0 m from surface (see Company news release from January 24th, 2023);

Terra Balcanica’s CEO, Dr. Aleksandar (Alex) Mišković, commented:

We are pleased to have expanded the gold footprint at Brezani. The Au bearing metasomatized hornfels intercepted from surface at BREDD002 three years ago were not just a one-off as the follow up drilling clearly suggests a skarn with the gold mineralization over 200 m laterally. Being close to the surface, this is a considerable value add at Brezani given the NE-shallowing, 20 m wide, fault hosted silver antimony horizon which is the real focus of the current Phase III drill program.

Brezani is located 8.4 km south of the Mineco Ltd. Sase Mine which produces approximately 330 kt of lead-zinc-silver-gold concentrate per year (Figure 1). The target hosts components of a large magmatic-hydrothermal system discovered by airobrne TEM-magnetic and geochemical surveys. The BRE23001 through 23004 diamond drill holes are located within the Au-in-soil anomaly and were intended to assess lithological variability and grade of the Au skarn along strike. Additionally, the drillholes tested the resistive volume above an abrupt change into a central magnetic low shell within the general >95th percentile magnetic high anomaly to verify the lateral extent of 0.61 g/t Au Eq. In the central BREDD002 (Figure 3).

Drill Results

Drillhole	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Sb (%)	Zn (%)
BRE23001	22.0	94.3	72.3	0.27
including	32.0	39.5	7.5	0.62
including	47.0	48.5	1.5			0.27
including	77.3	77.8	0.5			0.53
BRE23002	98.05	104.1	6.0		17.6		1.51
including	98.05	99.7	1.65			0.54
BRE23002	104.65	107.5	2.85	0.60
BRE23002	110.5	111.4	0.9	1.06
BRE23003	52.7	54.7	2.0			0.19
BRE23004	9.8	21.6	11.8	0.62
including	11.7	18.3	6.65	1.03
BRE23004	38.7	51.9	13.2	0.19
including	102.0	103.5	1.45	0.39

Table 1. Assay results of key mineralized intervals for diamond drillholes BRE23001 through BREDD004. Interval lengths reported are drilled lengths and not true widths.

Hole ID	Easting	Northing	Elevation (m)	Dip	Azimuth	Depth (m)	Recovery (%)
BRE23001	368453	4879916	845.87	-80	336	120.8	94.16
BRE23002	368358	4880043	852.74	-80	336	156.7	98.6
BRE23003	368504	4879974	868.05	-80	336	123.2	97.16
BRE23004	368442	4880119	902.40	-80	336	145.2	97.16

Table 2. Collar location and core recoveries for diamond drillholes BREDD001 and BREDD002 (UTM; WGS84).

The BRE 23001 drillhole was initially characterized by mudstone with patchy calc-silicate alteration and disseminated and vein-hosted pyrite-pyrrhotite followed by calc-silicate hornfels with pyroxene veining and disseminated and quartz veinlet hosted chalcopyrite, pyrite and pyrrhotite (Figure 4). Medium grained garnet dominant exoskarn mineralogy is noted adjacent to chlorite-sericite altered diorite intrusives that have been altered to endoskarn with garnet and pyroxene.

A gradient from garnet to pyroxene skarn can be observed in BRE23001 with movement away from the intrusive contact. Epithermal quartz-carbonate veining with arsenopyrite, and stibnite was observed as well. There was notably more intrusive within the shallow part of BRE23001 than BREDD002. Quartz veins are crosscut by later pyrite and then carbonate-sulphide veins which create a strong chlorite vein selvage, commonly with pyrrhotite.

The BRE23004 intersected 8 meters of exo-skarn/calc-silicate (9.5m – 19.5m) with small intervals of intrusive adding up to around 2 meters. The altered rock may not strictly be a skarn as the grain size is not coarse. The mineral banding is very well developed and is larger grained on the whole that our classic calc-silicate. The banding appears to follow relict bedding and tectonic folding. The skarn mineralogy contains: pyroxene-garnet-wollastonite-calcite-actinolite-chlorite-epidote.

There appears to be zonation with the upper part containing more light brown garnet bands and the lower part more dominant in blue pyroxene. An example of a similarly altered, blue pyroxene skarn interval returned up to 2.7g/t gold in BREDD002 from 37m to 38m. The intrusive appears to be sillicified possibly overprinting potassic with some sections altered to endoskarn. From 19.5 to 29 meters is an exoskarn/calc-silicate with small intervals of porphyry with some intervals altered to exoskarn. Banding within the skarn is well developed and similar to previous intervals.

Phase III Drilling

The 2025 drill program is a follow up onto the discovery made by the drill hole BREDD002 which intercepted ca. 20 m of intermediate sulfidation, base metal-rich, fault-breccia hosted Ag-Sb-Zn mineralization grading upwards of 436 g/t Ag Eq. which was previously detected via the 2021 heliborne TEM survey. The EM study revealed a 1.2 km long conductor shallowing towards northeast and eventually surfacing at the topographic high of the Brezani locality.

The mineralogical textures form the initial intercept pierced through the ore zone suggest a stratigraphic level that is apparently below the so-called “boiling zone” thus offering potential upside should one be intercepted updip during the current drill program. The lateral extent of the 17 degree dipping conductor interpreted as the Sb-Ag-Zn mineralization is 1.2 km in length, up to 600 m in width and 20 m thick as observed in BREDD002 offering a massive potential for a large tonnage ore body which is the goal of this year’s campaign. The company’s field team expressly built six drill pads on a challenging and steep terrane and the drilling has sommenced in earnest last Friday (Figure 5). Terra expects to comlete the first diamond drill hole by the end of Augist, 2025 with the laboratory assays in hand by mid to late September, 2025. A total of 2,100 m of drilling is planned with a possibility of increasing the program should intercepts justify further testing.

QA/QC

Half core (PQ3 and HQ3) samples were delivered to ALS Bor, Serbia for sample preparation and subsequent wet chemical analysis at the Loughrea laboratory in Ireland, an ISO/IEC 17025:2017 certified test facility. Sample preparation PREP-31BY method involved crushing the core to 70% less than 2 mm, rotary split 1.0 kg and pulverizing the split to greater than 85% passing 75 microns. Silver and base metals were analysed by ICP MS after a four-acid digest (ME-MS61). Gold was assayed by 30g fire assay with ICP AES finish (Au-ICP21). Over limit samples for base metals were re-analysed by the four-acid digest ICP-AES analyses termed ME-OG62. Control samples comprising the certified reference material CDN-ME-1501 (Canadian Resource Labs Ltd.), quarter core field duplicates and blanks were inserted at a rate of 5% and investigated as part of the Company’s quality assurance and quality control program.

Qualified Person

Dr. Aleksandar Mišković, P.Geo, is the Company’s designated Qualified Person for this news release within the meaning of National Instrument 43-101 Standards of Disclosure of Mineral Projects (“NI 43-101”). Dr. Mišković has reviewed and validated the information contained in this news release as factual and accurate.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe and norther Saskatchewan, Canada. The Company has 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100% optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin: Charlot-Neely Lake, Fontaine Lake, Snowbird, and South Pendleton. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

On Behalf of the Board of Directors

Terra Balcanica Resources Corp.
“Aleksandar Mišković”

Aleksandar Mišković
President and CEO

For further information, please contact Aleksandar Mišković at amiskovic@terrabresources.com, +1 (514) 796-7577, or visit our website at www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the words “will”, “intends” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

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Assays: