File: '\\swfile\EmailIn\20240415 172040 Attachment BOLT - News Release Announcing Private Placement (April 15, 2024).docx'

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Bolt Metals Announces Non-Brokered Private Placement

Vancouver, B.C. - April 15, 2024 - Bolt Metals Corp. ("Bolt" or the "Company") (CSE: BOLT) (OTCQB: PCRCF) (XFRA: NXFE) announces it intends to complete a non-brokered private placement of up to 1,100,000 units (each, a "Unit") at CAD$0.21 per Unit for gross proceeds of up to CAD$231,000 (the "Offering"). Each Unit is comprised of one (1) common share in the capital of the Company (each a "Common Share") and one (1) transferable Common Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder to acquire one (1) Common Share at CAD$0.50 for two years from the date of issuance.

In connection with the Offering, the Company may pay finder's fees to qualified non-related parties, in accordance with the policies of the Canadian Securities Exchange (the "Exchange"), being 7% cash commission on total proceeds raised by the finder. The Company intends to use the net proceeds from the Offering for general working capital purposes.

All securities issued under the Offering, including securities issuable on exercise thereof, will be subject to a hold period expiring 4 months and 1 day after issuance, in accordance with the rules and policies of the Exchange and applicable Canadian securities laws.

About Bolt Metals Corp.

Bolt Metals Corp. is a Canadian-based exploration company focused on the acquisition and development of production-grade battery metals projects within the Asia-Pacific region, employing a vertically integrated "minerals-to-market" strategy to leverage these assets to their fullest. Visit https://boltmetals.com/ to find out more.

Bolt Metals Corp.

Ranjeet Sundher - President & CEO

(604) 922-8272

rsundher@boltmetals.com

Steve Vanry - CFO & Director (604) 922-8272

steve@vanrycap.com

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.

Forward-Looking Information

This news release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Forward looking statements made in this news release include, but are not limited to, the completion, anticipated size, and use of proceeds from the Offering. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, availability of funds, personnel and other resources necessary to conduct exploration or development programs, successes of the Company's exploration efforts, availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the Canadian Securities Exchange nor the Canadian Investment Regulatory Organization has reviewed this news release nor do either of them accept responsibility for the adequacy or accuracy of this news release.