Mr. Branden Haynes reports

BOLT METALS' SOAP GULCH PROPERTY; AN OPPORTUNITY IN U.S. DOMESTIC CRITICAL MINERALS

Bolt Metals Corp. has provided an overview of its Soap Gulch project, Montana, United States.

Located within Silver Bow and Madison counties, 32 kilometres south of Butte, Mon., Soap Gulch comprised 216 federal unpatented lode claims that total over 4,320 acres. The various claims comprising the property have over 10,000 metres of historical drilling, including by majors such as BHP, Cominco, Homestake, Phelps Dodge and Rio Tinto. Significant drill and trench results include:

• 1.2 per cent copper, 0.036 per cent cobalt and 200 ppb (parts per billion) gold over 11.7 metres of massive sulphides in DH WCC-4;
• 0.15 per cent to 0.3 per cent cobalt and up to 1.14 per cent copper over 96.3 metres in DH K-1 (note, only one foot was assayed for every 10 feet);
• 19.0 per cent zinc over 0.7 metre in DH M-1;
• 19.8 per cent zinc over 0.4 metre in DH 79-1;
• Up to 4.7 per cent copper, 0.07 per cent cobalt and 2.3 g/t gold in trenches advanced by BHP-Utah.

The land package is underlain by Proterozoic meta-sedimentary rocks with Sedex style mineralization that is interpreted to be age-equivalent and part of the same Belt supergroup that includes the world-class, past-producing Sullivan mine in British Columbia.

The Sullivan mine was a prolific underground mine that operated for nearly a century, from 1909 to 2001. During this time, it became one of the largest underground mines in Canada, producing a remarkable 160 million tonnes of ore, resulting in eight million tonnes of lead, seven million tonnes of zinc and 285 million ounces of silver. This immense output solidified its place as a cornerstone of the mining industry and a significant contributor to the economy of North America.

The company's plan over the coming months is to build on the geophysical work completed through further mapping and interpretation, sampling, and other techniques in order to launch a comprehensive drill program with the goal of completing a maiden resource at one or more areas.

Laying the groundwork for American resource independence

Copper, and other strategic minerals are vital to the future of the United States, enabling advancements in green energy, infrastructure modernization and defence. Bolt Metals' focus on uncovering and developing untapped domestic resources is a critical step in building a supply chain that supports America's industrial and strategic goals.

Montana's history is deeply intertwined with copper. The discovery of rich copper deposits in Butte in the late 19th century transformed the state, giving rise to the Anaconda Copper Mining Company, a giant that dominated the industry and shaped Montana's economy and politics for decades. The town of Butte, once known as "the richest hill on Earth," boomed as miners flocked to extract vast quantities of copper from the Earth. While the Anaconda company's reign ended in the mid-20th century, copper mining continues to play a role in Montana's story, with new projects navigating the complex balance between economic development and environmental responsibility.

Today, Sandfire Resources' Black Butte copper project near White Sulphur Springs represents a new chapter in Montana's copper mining history. This underground mine is designed with modern technology and aims to minimize environmental impact while contributing to the state's economy. Looking ahead, Bolt Metals' Soap Gulch project holds the promise of further contributing to Montana's copper endowment through utilization of innovative exploration techniques to responsibly access the valuable potential. These projects demonstrate Montana's commitment to both economic growth and environmental stewardship in its continuing copper mining endeavours.

Divestiture

The company has entered into a conditional share purchase agreement (CSPA) to sell its wholly owned Hong Kong subsidiary, Minerals Harvest Ltd. (MHL). MHL holds a 65-per-cent interest in PT Tablasufa Nickel Mining, an Indonesian company which controls the Cyclops nickel-cobalt property in Indonesia, the mining licence for which was cancelled in January, 2022. Pursuant to the CSPA, the company receives $50,000 (U.S.) on signing, an additional $200,000 (U.S.) subject to certain conditions and forgiveness of $250,000 (U.S.) previously advanced to Bolt Metals by the purchaser.

Qualified person

Garry Clark, PGeo, a member of the company's board of directors, a qualified person under National Instrument 43-101, has reviewed the technical contents of this news release and has approved the disclosure of the technical information contained herein.

About Bolt Metals Corp.

Bolt Metals is a forward-thinking company focused on discovering and developing high-grade copper and critical mineral assets in Tier 1 jurisdictions. Through a disciplined approach to low-cost M&A (merger and acquisition) and efficient project evaluation, the company leverages its in-house expertise and catalyst-driven priorities to unlock significant value in response to the growing demand for electrification and renewable energy. The company's flagship projects, Soap Gulch and Switchback, highlight the potential for high-grade discoveries that align with the energy transition.

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