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.

Financial Markets Advisor
The Company also announces that further to its news release dated June 25^th, 2026, it has concluded its engagement of DGWA GmbH as a financial markets advisor of the Company.

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 46.3 equity 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. The Company emphasizes responsible engagement with local communities and stakeholders. It is committed to proactively implementing Good International Industry Practice (GIIP) and sustainable health, safety, and environmental management.

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 amiskovic@terrabresources.com, +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, the anticipated Closing Date, the payment of finder’s fees and the use of proceeds for the Private Placement and the completion of a going-public transaction by Terra North. 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.