Mr. Aleksandar Miskovic reports

TERRA BALCANICA ANNOUNCES EXTENSION TO PRIVATE PLACEMENT FINANCING

Terra Balcanica Resources Corp. has extended its non-brokered private placement, initially announced in the company's news release dated June 24, 2026, for gross proceeds of up to $750,000 through the issuance of up to 15 million units at a purchase price of five cents per unit. The company has extended the closing date of the private placement to be on or before Sept. 8, 2026.

Each unit will be composed of one common share in the capital of the company and a common share purchase warrant to purchase an additional one common share of the company at an exercise price of 10 cents 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 finders' 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 United Kingdom stock exchange listing; (ii) executing a ground geophysical survey at the Cumavici target; and iii) commencing the phase 4 drilling program at Cumavici within its Viogor project in Bosnia and Herzegovina.

Terra North Resources Corp. share issuance

Terra further announces that Terra North, its corporate spinoff and a private company incorporated under the laws of British Columbia, Canada, in which Terra currently owns a 46.3-per-cent equity stake (see Dec. 15, 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. dated Nov. 10, 2025, has issued 5.6 million Terra North shares to Fulcrum Canada at the price of $0.10 per share as the second anniversary payment of the original option agreement and based on the second amending agreement dated Aug. 6, 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 second anniversary cash payment to Fulcrum Canada by Terra North will be deferred to the earlier of: (i) the 13th trading day following the completion of a going-public transaction; and (ii) Oct. 31, 2026, and the rest 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 market adviser

The company also announces that further to the news release dated June 25, 2026, it has concluded its engagement of DGWA GmbH as a financial market adviser of the company.

About Terra Balcanica Resources Corp.

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 a 100-per-cent interest in the Viogor project in eastern Bosnia and Herzegovina. Terra owns a 46.3-per-cent equity stake in Terra North and its Canadian assets that comprise a 100-per-cent-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 pro-actively implementing good international industry practice sustainable health, safety and environmental management.

We seek Safe Harbor.