Terra Balcanica extends private placement financing

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

Vancouver, British Columbia, Aug. 07, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“ Terra ” or the “ Company ”) ( CSE:TERA; FRA:UB1; OTCQB:TEBAF ) announces an extension to its non-brokered private placement (the “ Private Placement ”), initially announced in the Company’s news release dated June 24 th , 2026, 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. The Company has extended the closing date (the “ Closing Date ”) of the Private Placement to be on or before September 8 th , 2026.

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. The Units are being 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 Private Placement is 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.

Terra North Share Issuance Terra further announces that Terra North Resources Corp. (“ Terra North ”), its corporate spin-off and a private company incorporated under the laws of British Columbia, Canada in which Terra currently owns a 46.3% equity stake (see December 15 th , 2025 news release), and which became the optionee of the reassigned exploration portfolio in Saskatchewan pursuant to an amending, assignment and assumption agreement between Terra, Terra North, Fulcrum Metals PLC and Fulcrum Metals (Canada) Ltd. (“ Fulcrum Canada ”) dated November 10 th , 2025, has issued 5.6 million Terra North shares to Fulcrum Canada at the price of C$0.10 per share as the 2 nd anniversary payment of the original option agreement and based on the second amending agreement (“ Second Amending Agreement ”) dated August 6 th , 2026 entered into between the parties. Pursuant to the Second Amending Agreement, the Terra North shares held by Fulcrum Canada will be subject a voluntary 12-month hold period following completion of a going-public transaction by Terra North, in addition to mandatory escrow and hold periods that may be imposed by applicable securities laws, the policies of an applicable stock exchange and selling agents. Further, the 2 nd anniversary cash payment to Fulcrum Canada by Terra North will be deferred to the earlier of (i) the 13 th trading day following the completion of a going-public transaction, and (ii) October 31 st , 2026, and the remainder of the option conditions will be extended based on the anniversary dates of the going-public transaction if completed prior to the original deadlines.