Terra Balcanica to Launch Private Placement Financing

Terra Balcanica Resources Corp., a polymetallic and energy metals exploration company, has announced its plans to complete a non-brokered private placement to raise up to C$600,000. The company intends to issue up to 6,000,000 units at a purchase price of C$0.10 per unit. Each unit will consist of one common share and a warrant to purchase an additional common share at C$0.15 per share.

The private placement will be offered in Canada, the United States, and certain jurisdictions outside of North America. The company expects the closing date to occur on or before June 14th, 2024, pending regulatory approvals. The proceeds from the private placement will be used for land holding costs, project payments, and continued drilling of mineral exploration properties in the western Balkans.

Terra Balcanica Resources Corp. holds a 90% interest in the Viogor-Zanik Project in Bosnia and Herzegovina and owns the Ceovishte mineral exploration license in Serbia. In Canada, the company has a portfolio of uranium-prospective licenses in Saskatchewan. The company emphasizes responsible engagement with local communities and stakeholders, as well as sustainable environmental management practices.

Investors are advised that this news release does not constitute an offer to sell securities in the United States. The securities have not been registered under the U.S. Securities Act and may not be offered or sold in the U.S. unless registered or exempt from registration requirements.

For more information on this private placement, interested parties can contact Aleksandar Mišković at amiskovic@terrabresources.com or visit the company’s website at www.terrabresources.com/en/news.