Mr. Zachary Kotowych reports

BOLT METALS CLOSES $600,000 NON-BROKERED PRIVATE PLACEMENT

Bolt Metals Corp., further to its news release disseminated on Sept. 29, 2025, has closed its previously announced non-brokered private placement of common shares.

Under the offering, the company issued an aggregate of 46,184,614 common shares at a price of 1.3 cents per share for gross proceeds of $600,399.98. The securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance, and to applicable resale restrictions under Canadian securities laws and the policies of the Canadian Securities Exchange. The company intends to use the net proceeds of the offering for general working capital purposes.

No finders' fees were paid in connection with the offering. Insider participation was not anticipated and did not occur. The proceeds from the offering will be used for general working capital.

About Bolt Metals Corp.

Bolt Metals is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill ready with high-upside and expansion potential. Bolt trades on the Canadian Securities Exchange under the symbol BOLT, the OTCQB exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

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