Mr. Aleksandar Miskovic reports

TERRA BALCANICA ANNOUNCES PRIVATE PLACEMENT FINANCING

Terra Balcanica Resources Corp. intends to complete a non-brokered private placement for gross proceeds of up to $150,000 through the issuance of up to 3.75 million common shares at a purchase price of four cents per share.

The common shares will be offered by way of prospectus exemptions in Canada and the common shares sold in the private placement will be subject to a hold period of four months plus one day. The closing date is expected to occur on or about Dec. 11, 2023, subject to regulatory approvals, including the approval by the Canadian Securities Exchange, and certain other customary conditions, including, but not limited to, execution of subscription agreements between the company and the subscribers. The private placement will be utilized for opportunities in the critical battery metal exploration space in the Western Balkans.

Terra Balcanica is a polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe. The company has a 90-per-cent interest in the Viogor-Zanik project in eastern Bosnia and Herzegovina, and 100 per cent of the Kaludra and Ceovishte mineral exploration licences in Serbia. The company emphasizes responsible engagement with local communities and stakeholders. It is committed to pro-actively implementing good international industry practice (GIIP) and sustainable health, safety and environmental management.

We seek Safe Harbor.