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TERA.CN ·

Terra Balcanica Announces Extension to Life Offering

Financings

CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

TERRA BALCANICA ANNOUNCES EXTENSION TO LIFE OFFERING

Vancouver, British Columbia – May 30th, 2025 – Terra Balcanica Resources Corp. (“Terra” or

the “Company”) (CSE:TERA; FRA:UB1) announces that it is extending the closing of it non-

brokered, listed issuer financing exemption private placement (the “ Private Placement ”) for

minimum gross proceeds of C$750,000, and maximum gross proceeds of up to C $1,117,495

through the issuance of up to 11,174,950 units (each a “Unit”) at a purchase price of C$0.10 per

Unit. Each Unit will be comprised of one common share in the capital of the Company (“Common

Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”).

Each Warrant is exercisable to purchase one Common Share (“Warrant Share”) at an exercise

price of C$0.20 per Warrant Share for a period of 24 months from the closing date of the Private

Placement (the “Closing Date”). The closing of the Private Placement is expected to occur on or

about July 11th, 2025, and is subject to the approval of the Canadian Securities Exchange. See the

Company’s press release dated April 16th, 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 at the www.sedarplus.ca website and on the Company’s webpage at

www.terrabresources.com. Prospective investors should read this amended and restated offering

document before making an investment decision.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any of the

securities in the United States. The securities have not been and will not be registered under the

United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities

laws and may not be offered or sold within the United States or to U.S. Persons unless registered

under the U.S. Securities Act and applicable state securities laws or an exemption from such

registration is available.

About the Company

Terra Balcanica is a polymetallic and energy metals exploration company targeting large -scale

mineral systems in the Balkans of southeastern Europe and norther n Saskatchewan, Canada. The

Company has a 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina. The

Canadian assets comprise a 100% 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 engage ment with local communities and

stakeholders. It is committed to proactively implementing Good International Industry Practice

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

CSE: TERA | FRA: UB10 #1100 – 1111 Melville Street, Vancouver, BC, Canada V6E 3V6

ON BEHALF OF THE BOARD OF DIRECTORS

Terra Balcanica Resources Corp.

“Aleksandar Mišković”

Aleksandar Mišković

President and CEO

For the complete information on this news release, please contact Aleksandar Mišković at

[email protected], +1 (514) 796-7577 or visit www.terrabresources.com/en/news.

Cautionary Statement

This news release contains certain forward -looking information and forward-looking statements

within the meaning of applicable securities legislation (collectively “ forward-looking

statements”). The use of any of the words “will”, “intends” and similar expressions are intended

to identify forward-looking statements. Forward-looking statements contained in this press release

include, but are not limited to, the terms and completion of the Private Placement and the

anticipated Closing Date. These statements involve known and unknown risks, uncertainties and

other factors that may cause actual results or events to differ materially from those anticipated in

such forward-looking statements. These forward -looking statements are based on a number of

assumptions which may prove to be incorrect including, but not limited to, the ability to obtain

regulatory approval for the Private Placement; the state of the equity financing markets in Canada

and other jurisdictions; volatility and sensitivity to market prices; volatility and sensitivity to

capital market fluctuations; and fluctuations in metal prices . Such forward- looking statements

should not be unduly relied upon. Actual results achieved may vary from the information provided

herein as a result of numerous known and unknown risks and uncertainties and other factors. The

Company believes the expectations reflected in those forward-looking statements are reasonable,

but no assurance can be given that these expectations will prove to be correct. The Company does

not undertake to update these forward-looking statements, except as required by law.