Mr. Aleksandar Miskovic reports

TERRA BALCANICA ANNOUNCES LIFE OFFERING

Terra Balcanica Resources Corp. intends to complete a non-brokered, listed issuer financing exemption private placement for minimum gross proceeds of $750,000 and maximum gross proceeds of up to $1,117,495 through the issuance of up to 11,174,950 units at a purchase price of 10 cents per unit. Each unit will be composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant is exercisable to purchase one common share at an exercise price of 20 cents per warrant share for a period of 24 months from the closing date of the private placement.

Subject to compliance with applicable regulatory requirements, the private placement is being conducted pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions). The securities issued to purchasers in the private placement will not be subject to a hold period under applicable Canadian securities laws. There is an offering document related to the private placement that can be viewed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The closing of the private placement is expected to occur on or about April 28, 2025. The company may pay finders' fees to eligible parties who locate investors to participate in the private placement. The private placement is subject to the approval of the Canadian Securities Exchange. The company intends to use the proceeds of the private placement to continue drilling the company's portfolio of mineral exploration properties in the western Balkans and for working capital purposes, as further described in the offering document.

Debt settlement

The company also announces that, further to its press release dated March 12, 2025, it has completed its debt settlement with an arm's-length creditor by issuing 166,666 common shares of the company at a deemed issue price of nine cents per common share to settle outstanding debt in the amount of $15,000. The common shares are subject to a four-month hold period 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 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 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.