Mr. Aleksandar Miskovic reports

TERRA BALCANICA ANNOUNCES PRIVATE PLACEMENT FINANCING

Terra Balcanica Resources Corp. has closed the first tranche of the previously announced non-brokered private placement financing of units for gross proceeds of $129,000.

The company issued an aggregate of 1.29 million units at a price of 10 cents per unit pursuant to the offering of up to $400,000 announced on Jan. 21, 2025. Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant issued in the first tranche of the offering entitles the holder to purchase one common share at an exercise price of 15 cents until Jan. 28, 2028. Finders' fees in the amount of $6,930 were paid. Terra intends to use the net proceeds of the offering for land holding costs, project payments, and for general corporate and working capital purposes.

Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection with the closing of the third tranche of the offering are subject to a four-month hold period ending May 29, 2025. The offering is subject to the approval of the Canadian Securities Exchange.

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. The company has 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: Charlot-Neely Lake, Fontaine Lake, Snowbird and South Pendleton. The company emphasizes responsible engagement with local communities and stakeholders. It is committed to pro-actively implementing good international industry practices (GIIP) and sustainable health, safety and environmental management.

We seek Safe Harbor.