Mr. Aleksandar Miskovic reports

TERRA BALCANICA APPOINTS BUSINESS DEVELOPMENT OFFICER, GRANTS STOCK OPTIONS, AND AGREES TO SETTLE DEBT FOR SHARES

Terra Balcanica Resources Corp. has appointed Mathieu Couillard as its business development officer.

Mr. Couillard brings a strong background in capital markets and business strategy to his role at Terra. He is an experienced board member and financial consultant with expertise in advising management and board of directors on capital market strategies. During his career, Mr. Couillard served as managing director of investment banking at Haywood Securities in Toronto, leading the special situations team from 2016 to 2022. Mr. Couillard is an experienced investment banker with extensive expertise in capital markets. He participated in over $1-billion in capital raises for private and public companies and is the architect of numerous mergers and acquisitions. Prior to joining Haywood Securities, Mr. Couillard was part of the risk management solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank's investment banking group in Montreal. Mr. Couillard is a fellow of the Society of Actuaries and currently sits of on the board of directors of another TSX Venture Exchange-listed company. Mr. Couillard has been the president and chief executive officer of SPOD Lithium Corp. since April, 2024.

In consideration of his business development efforts, the company will grant Mr. Couillard options and other compensation at a future date as appropriate, at the discretion of the board of directors.

Option grant

The company announces the grant of 600,000 incentive stock options to certain marketing advisers and consultants in accordance with the company's stock option plan. The options are exercisable for 10.5 cents per common share for a period of two years from the date of issuance.

Shares for debt

The company has further agreed to settle outstanding debt in the amount of $15,000 owing to an arm's-length creditor by issuing an aggregate of 166,666 common shares in the capital of the company at a price of nine cents per common share. 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 continuing 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 months and one day from the date of issuance in accordance with applicable securities laws.

About Terra Balcanica Resources Corp.

Terra Balcanica is a polymetallic and energy metal exploration company targeting large-scale mineral systems in the Balkans and Northern Saskatchewan, Canada. The company has a 90-per-cent interest in the polymetallic (antimony-silver-zinc-lead-gold) Viogor-Zanik project in eastern Bosnia and Herzegovina. The Canadian assets comprise a 100-per-cent optioned portfolio of uranium-prospective licences along 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 practice and sustainable health, safety and environmental management.

We seek Safe Harbor.