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BOLT.CN ·

Bolt Metals Announces Correction to October 23, 2025

Corporate Updates

Bolt Metals Announces Correction to October 23, 2025 News Release

Vancouver, British Columbia / October 23, 2025 – Bolt Metals Corp. (“Bolt” or

the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), wishes to clarify certain

information disclosed in its news release dated October 23, 2025, titled “Bolt Metals Completes

Induced Polarization Survey at the Northwind Property.”

The Company advises that due to a clerical error, the amount of the non -brokered private

placement of units (the “Private Placement”) was incorrectly stated as $1,500,000. The correct

amount of the Private Placement should have read “up to $3,000,000 units of the Company (each,

a “Unit”) at a price of $0.20 per Unit.”

Each Unit will continue to consist of one common share of the Company and one common share

purchase warrant, each exercisable at $0.40 for a period of 36 months from issuance. All other

terms and conditions of the Private Placement remain unchanged from th ose previously

announced.

About Bolt Metals Corp.

Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on

the development of quality precious and base metal properties that are drill-ready with high-upside

and expansion potential. Bolt trades on the CSE Exchange under the symbol BOLT, the OTC under

the symbol PCRFC and in Germany under the WKN A3D8AK.

BOLT METALS CORP.

Zac Kotowych, CEO and Director

For more information, please email [email protected] or visit www.boltmetals.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts

responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release includes "forward-looking statements" under applicable Canadian securities

legislation. Such forward-looking information reflects management's current beliefs and is based

on a number of estimates and/or assumptions made by and information currently available to the

Company that, while considered reasonable, are subject to known and unknown risks,

uncertainties, and other factors that may cause the actual results and future events to differ

materially from those expressed or implied by suc h forward-looking statements. Readers are

cautioned that such forward-looking statements are neither promises nor guarantees and are

subject to known and unknown risks and uncertainties including, but not limited to, general

business, economic, competitive, political and social uncertainties, uncertain and volatile equity

and capital markets, lack of available capital, actual results of exploration activities,

environmental risks, future prices of base and other metals, operating risks, accidents, labour

issues, delays in obtaining governmental approvals and permits, and other risks in the mining

industry.

The Company is presently an exploration stage company. Exploration is highly speculative in

nature, involves many risks, requires substantial expenditures, and may not result in the discovery

of mineral deposits that can be mined profitably. Furthermore, the Company currently has no

reserves on any of its properties. As a result, there can be no assurance that such forward-looking

statements will prove to be accurate, and actual results and future events could differ materially

from those anticipated in such statements.