BOLT Metals Completes 402 Line-Km Mobilemt Survey at Northwind Property, Quebec
BOLT METALS COMPLETES 402 LINE-KM MOBILEMT SURVEY AT NORTHWIND
PROPERTY, QUEBEC
Vancouver, British Columbia / May 22, 2026 – Bolt Metals Corp. (“Bolt” or the “Company”)
(CSE:BOLT) (OTCQB:PCRCF) (FSE:A3D8AK), a critical mineral acquisition and exploration
company, is pleased to announce the successful completion of an airborne MobileMT survey over
its Northwind property in Quebec, Canada.
The survey was conducted by Expert Geophysics Services using its advanced Mobile Magneto -
Telluric (MobileMT) system. A total of approximately 402 line-kilometres were flown at 100 -
metre line spacing in a north-south direction.
Due to the thick overburden covering the property and the known limitations of conventional
TDEM methods in such conditions, the MobileMT survey was selected for its superior depth of
penetration. This technology enables effective imaging beneath the highl y resistive overburden,
allowing the Company to identify potential deep -seated targets, including VMS (volcanogenic
massive sulphide) systems, orogenic gold deposits, and associated structural features.
The data collected is currently being processed and interpreted. The final results will be used to
identify promising targets and design an upcoming 5,000-metre drilling program evaluating gold
and base metal opportunities.
Adopts Semi-Annual Reporting:
Bolt Metals is also pleased to announce its elect ion to rely upon Coordinated Blanket Order 51-
933 - Exemptions to Permit Semi -Annual Reporting for Certain Venture Issuers (the " Blanket
Order") and move to semi-annual financial reporting ("SAR").
The Blanket Order allows eligible venture issuers to voluntarily move from quarterly to semi -
annual financial reporting. By adopting SAR, the Company aims to reduce the administrative and
financial burden associated with quarterly reporting.
Under the Blanket Order, the Company will be exempt from filing interim financial reports and
related Management's Discussion & Analysis (MD&A) for its first and third quarters. As a result,
the Company will not file interim financial statements and related MD&A for the three-month
period ending March 31, 2026, and nine-month period ending September 30, 2026. The Company
will continue to file au dited annual financial statements and MD&A (due within 120 days of
December 31) and six-month interim financial statements and MD&A (due within 60 days of June
30).
The Company confirms it meets the Blanket Order’s eligibility criteria, which include being a
venture issuer with annual revenues of less than $10 million, having a disclosure record of over 12
months and having filed all required periodic and timely continuous disclosure documents.
This news release is being filed pursuant to the Blanket Order.
Qualified Person
The technical content of this news release has been reviewed and approved by Mr. Babak V . Azar,
P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for
Mineral Projects who is independent of the Company.
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 under the symbol BOLT, the OTC under the
symbol PCRFC and in Germany under the WKN A3D8AK.
BOLT METALS CORP.
Zachary 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 such 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, t he 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.