Terra Balcanica launches private placement financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES Vancouver, British Columbia, June 24, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“ Terra ” or the “ Company ”) ( CSE:TERA; FRA:UB1; OTCQB:TEBAF ) is pleased to announce the intent to complete a non-brokered private placement (the “ Private Placement ”) for gross proceeds of up to C$750,000 through the issuance of up to 15,000,000 units (each a “ Unit ”) at a purchase price of C$0.05 per Unit. Each Unit will be comprised of one common share in the capital of the Company (“ Common Share ”) and a Common Share purchase warrant (“ Warrant ”) to purchase an additional one common share of the Company (“ Warrant Share ”) at an exercise price of C$0.10 per Warrant Share for a period of 24 months from the closing date of the Private Placement (the “ Closing Date ”). The Units will be offered by way of prospectus exemptions in Canada, in the United States pursuant to available exemptions from the registration requirements and in certain jurisdictions outside of Canada and the United States, as determined by the Company.

The Common Shares, Warrants and Warrant Shares, if issued within four months of the Closing Date, will be subject to a hold period of four months plus one day from the Closing Date in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange if applicable. The Closing Date is expected to occur on or before July 17 th , 2026, subject to certain conditions, including any requisite approval of the Canadian Securities Exchange and certain other customary conditions including, but not limited to, execution of subscription agreements between the Company and the subscribers. In certain circumstances, the Company may pay finder’s fees in cash and warrants on a portion of the Private Placement.

The Company intends to use the proceeds of the Private Placement to pay for: i) the costs of a UK stock exchange listing, ii) executing a ground geophysical survey at the Cumavici target, and iii) commencing the Phase IV drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina. 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 silver and antimony-focused polymetallic exploration company targeting large-scale mineral systems in the Balkans of southeastern Europe . The Company has 100% interest in the Viogor Project in eastern Bosnia and Herzegovina. Terra owns a 48% stake in Terra North Resources Corp. and its Canadian assets that comprise a 100% optioned portfolio of uranium-prospective claims surrounding the world-renowned Athabasca basin.