Mr. Aleksandar Miskovic reports

TERRA BALCANICA ANNOUNCES EXTENSION TO LIFE OFFERING

Terra Balcanica Resources Corp. is extending the closing of it 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 comprise 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. The closing of the private placement is expected to occur on or about July 11, 2025, and is subject to the approval of the Canadian Securities Exchange. See the company's news release dated April 16, 2025, for further details regarding 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 amended and restated offering document related to the private placement that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this amended and restated offering document before making an investment decision.

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 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 (GIIP), and sustainable health, safety and environmental management.

We seek Safe Harbor.