Terra Balcanica acquires 100% of Viogor Project in Bosnia; extends private placement

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Vancouver, British Columbia, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“ Terra ” or the “ Company ”) ( CSE:TERA; FRA:UB1; OTCQB:TEBAF ) is pleased to announce that it has entered into an agreement to acquire complete ownership of the Viogor polymetallic exploration project (“ Project ”) in Bosnia by acquiring (the “ Acquisition ”) the remaining 10% equity interest in its Bosnian subsidiary in consideration for the issuance of common shares to two arm’s length minority shareholders of such subsidiary (the “ Vendors ”).

Project Acquisition The Company has secured the remaining 10% of the ownership in its Bosnian subsidiary Drina resources doo Srebrenica in exchange for the issuance of an aggregate of 6,331,400 common shares in the capital of the Company (the “ Consideration Shares ”) to the Vendors. Terra has previously obtained a new mineral exploration licence (“ Permit ”) comprising the Viogor Project in eastern Bosnia and Herzegovina as announced in the Company’s news release dated June 3 rd , 2026. The new Permit for the “ Pb-Zn-Cu and associated base and precious metals ” No. 05.04/310-366-3/26 was issued to Energetski minerali doo Banja Luka, a wholly owned Terra subsidiary, by the Republic of Srpska Ministry of Energy and Mines on May 20 th , 2026. The Permit is valid for 3 years with standard provisions for two, 2-year long extensions allowing for up to 7 years of mineral exploration tenure.

The Consideration Shares to be issued pursuant to the Acquisition will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Acquisition remains subject to the approval of the Canadian Securities Exchange.

Financing Extension The Company also 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 October 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.