Mr. Aleksandar Miskovic reports

TERRA BALCANICA HIGHLIGHTS SILVER AND ANTIMONY POTENTIAL OF THE BOSNIAN VIOGOR-ZANIK PROJECT

Terra Balcanica Resources Corp. is highlighting the polymetallic potential of its 168-square-kilometre Viogor-Zanik project in eastern Bosnia in anticipation of the phase II drilling results.

After approximately 2,200 metres (m) of diamond drilling completed at Chumavichi, high-grade Ag-Sb-Pb-Zn-Au (silver-antimony-lead-zinc-gold) mineralization has been confirmed at three targets spanning over two kilometres (km) along this shallow, fault-hosted, intermediate sulphidation, polymetallic vein system. At the company's second Viogor-Zanik target of Brezani, Terra discovered an auriferous skarn starting from surface, superimposed on a more-than-1.2-kilometre-long, northeast-shallowing Ag-Sb-Pb-Zn mineralized, fault-hosted permeability corridor itself overlying a porphyry andesitic stock (see the company's news release from April 11, 2024). The company completed over 1,200 m of diamond drilling at Brezani, with additional drill hole assays to be released imminently. The significant potential of silver and antimony mineralization is highlighted by the drill results from Chumavichi (see the attached table) and preliminary drill core observation from the phase II drilling at Brezani.

Highlights:

• Chumavichi Ridge drill hole CMVDD001 intercepted 824.2 grams per tonne (g/t) silver equivalent (AgEq) with 1.85 weight per cent Sb over 4.0 m from 29 m of depth, including 1,634.4 g/t AgEq with 3.7 weight per cent Sb over two m.
• Chumavichi Ridge drill hole CMVDD002 intercepted 816.1 g/t AgEq over 2.0 m;
• CMVDD003, 83 m away from CMVDD001, intercepted a vein interval of 465.5 g/t AgEq and 1.2 weight per cent Sb over 8.7 m, including 1196.6 g/t AgEq with 3.5 weight per cent Sb over 2.0 m.
• Drill hole CMVDD005 returned 284 g/t AgEq over 10.0 m, including 895.8 g/t AgEq with 1.8 weight per cent Sb over 2.0 m, approximately 50 m west-northwest of CMVDD002.
• The Chumavichi Ridge drill hole CMVDD004, along the same drill fence 40 m northeast of CMVDD005, returned 505.3 g/t AgEq with 1.48 weight per cent Sb over 11.0 m from 43.0 m depth, including 3,075.4 g/t AgEq (108.5 oz/t AgEq) with 9.4 weight per cent Sb over 1.7 m.
• Shallow, polymetallic mineralization was also intersected 600 m northwest of the Cumavici Ridge, where two drill holes through a new parallel structure returned 1,041 g/t AgEq with 2.95 weight per cent Sb over 0.75 m (CMV23007) and 554 g/t AgEq with 1.17 weight per cent Sb over 1.10 m (CMV23009).
• Drill hole CMV23004 intersected 1,489 g/t AgEq with 1.98 weight per cent Sb over 1.35 m from 36.2 m downhole to add 42 m strike length southeast of CMVDD002 with mineralization open downdip.
• Drill hole CMV23003 intersected 557 g/t AgEq with 0.77 weight per cent Sb over 4.15 m from 43.85 m and points to a downdip continuation of the high-grade mineralization from CMV23004.

The 674 m Brezani drill hole BREDD002 has intercepted base-metal-rich (Sb-Ag), epithermal mineralization between 482.1 and 505 m of depth. The zone of mineralization consists of banded veins and massive sulphide-cemented breccias with structural and mineralogical characteristics of low- and intermediate-sulphidation epithermal deposits. The upper vein contact is sharp with minimal alteration progressing into the hornfels, whereas the vein footwall is brecciated and strongly clay altered. The margins of the vein host repeating bands of chalcedonic quartz, rhodochrosite, calcite, sulphides and sulphosalts, including stibnite, pyrite, arsenopyrite, sphalerite, galena and jamesonite. The core of the mineralized structure is dominated by hydrothermal breccia with a sulphide-quartz-carbonate cement and banded vein fragments as clasts.

The mineralized body is interpreted to be coincident with the zone of elevated conductivity as it shallows to the northeast. Where the coincident conductivity body and magnetic low response is matched with a north-south-trending topographic depression, which grades into a steep-sided creek. Exploration efforts within this creek have revealed numerous showings of As-Bi-Pb-Sb-Zn (arsenic-bismuth-lead-antimony-zinc) anomalous gossans and semi-massive specular hematite. These gossans are evidence of epithermal fluids reaching the current surface level. It is possible that future drilling targeting this structure would intersect a series of veins and breccias in the hangingwall of the major target structure.

Qualified person

Dr. Aleksandar Miskovic, PGeo, is the company's designated qualified person (QP) for this news release within the meaning of National Instrument 43-101, Standards of Disclosure of Mineral Projects. The QP has reviewed and validated that the information contained in this news release is factual and accurate.

About Terrra 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. The company has a 90-per-cent interest in the Viogor-Zanik project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100-per-cent-optioned portfolio of uranium-prospective licences at the outskirts of the world-renowned Athabasca basin, including the Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton claim clusters. 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.