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Vancouver, British Columbia – October 15, 2025 – TheNewswire - Bolt Metals Corp. (“Bolt”  or the  “Company”) (TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK) , is pleased to announce that it will consolidate its issued and outstanding common shares (the “ Shares ”) on the basis of one (1) new common share for every twenty-five (25) existing common shares (the “ Consolidation ”). The Company believes the Consolidation will help position Bolt to appeal to a broader base of investors and enhance its capital markets profile.

The Consolidation received shareholder approval at the Company’s annual general and special meeting held on August 7, 2025, and was subsequently approved by the Board of Directors on October 8, 2025. The record date for the Consolidation has been set as October 23, 2025, with trading of the post-consolidation shares expected to begin on or about October 23, 2025, subject to final acceptance by the Canadian Securities Exchange (the “ CSE ”). Following the Consolidation, the Company’s name and ticker symbol will remain unchanged, while its new CUSIP and ISIN numbers will be 097692404 and CA0976924047, respectively.

As of the date of this news release, Bolt has 109,459,708 common shares issued and outstanding. Upon completion of the Consolidation, the Company will have approximately 4,378,388 common shares outstanding, subject to rounding. No fractional shares will be issued; any resulting fractional share will be rounded down to the nearest whole share.

The exercise or conversion terms of all outstanding warrants, stock options, and other convertible securities will be proportionally adjusted to reflect the Consolidation ratio.

A letter of transmittal will be provided to registered shareholders holding certificates or direct registration statements (“ DRS ”) outlining the process for exchanging their pre-Consolidation shares for post-Consolidation shares. Shareholders who hold their shares through a broker or other intermediary will have their accounts automatically updated in accordance with the intermediary’s procedures.

Property Portfolio Update

The Company also advises that it no longer holds any ownership or operational rights in the Silver Switchback Copper-Silver Property located in British Columbia, Canada,  the Soap Gulch Copper Project located in Montana, USA, or the New Britain Antimony Property located in British Columbia, Canada. These properties were previously acquired, optioned or staked in 2024; however, the Company has since relinquished, terminated, or otherwise disposed of its interests in these assets as part of an ongoing strategic review of its project portfolio and capital allocation priorities.

Restricted Share Units

Additionally, the Company has granted 19,000,000 Restricted Share Units (“ RSUs ”) to certain consultants of the Company pursuant to its Equity Incentive Plan, dated May 3, 2024, and adopted by the shareholders on June 18, 2024. The RSUs are subject to the standard four (4) month and one (1) day hold period.

About Bolt Metals Corp.

Bolt Metals Corp. 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 CSE Exchange under the symbol BOLT, the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

Bolt Metals Corp.

Zachary Kotowych – CEO and Director

1-800-614-BOLT (2658)

info@boltmetals.com

Reader Advisory

This news release contains statements that constitute “forward-looking information” within the meaning of applicable Canadian securities laws. The words “may”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, statements regarding the completion of the share consolidation, the expected effective date and record date of the consolidation, the commencement of trading of the post-consolidation shares, the receipt of final approval from the CSE, the potential effects of the consolidation on the Company’s capital structure and investor appeal, the grant and vesting of RSUs pursuant to the Company’s Equity Incentive Plan, and the Company’s ongoing strategic review and evaluation of future project or corporate opportunities following the relinquishment of the Silver Switchback, Soap Gulch, and New Britain properties. Forward-looking information is based on a number of assumptions that management believes to be reasonable at the time such statements are made, including assumptions regarding the timely receipt of all required regulatory approvals, market conditions, the Company’s ability to complete the consolidation as planned, the continued services of consultants receiving RSUs, and the Company’s ability to identify and evaluate new opportunities that align with its strategic objectives. Forward-looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by such forward-looking information. Such risks include, but are not limited to, the risk that required approvals may not be obtained on the terms anticipated or at all, the risk that the consolidation or RSU grants may not be completed as planned or may have unintended consequences, the risk that the Company may not be successful in identifying or completing future opportunities, and general business, economic, competitive, political, and social uncertainties, market volatility, and other risks described in the Company’s public filings available under its profile on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise.

The Canadian Securities Exchange has not approved or disapproved this news release.

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