Mr. Aleksandar Miskovic reports

TERRA BALCANICA EXTENDS PRIVATE PLACEMENT FINANCING

Terra Balcanica Resources Corp. has extended the closing of the fourth and final tranche of the previously announced non-brokered private placement financing of up to 14.5 million units at a price of 10 cents per unit for aggregate gross proceeds of up to $1.45-million. The company has raised aggregate gross proceeds of $948,760 to date in the offering. An extension to the offering has been granted by the Canadian Securities Exchange until Nov. 1, 2024, however, Terra will seek to finalize the offering as early as possible.

Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant issued will entitle holder to purchase one common share at an exercise price of 15 cents for a period of 36 months from the date of issuance of the warrant. See the company's press release dated Sept. 13, 2024, for further details on the offering.

Terra intends to use the net proceeds of the offering for working capital and to fund the field campaign across its portfolio of properties in Saskatchewan and the Balkans.

About Terra Balcanica Resources Corp.

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.

We seek Safe Harbor.