(via TheNewswire)

TORONTO, JANUARY 21 st , 2026 – TheNewswire - TERRENO RESOURCES CORP. (TNO.H- NEX) (“Terreno” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for gross proceeds of up to $500,000.

The Offering will be in Units and will consist of a combination of Common Shares and Share Purchase Warrants of the Company. The 10 Million Units will be offered at C$0.05.  Each Common Share will entitle the holder to purchase one Common Share of the Company at C$0.05 and one Share Purchase Warrant at C$.07 for a period of 12 months following the issue date.

The Share Purchase Warrants are subject to an acceleration provision whereby at any time after the issue date, if for at least ten (10) consecutive trading days, the volume weighted average price at which the Common Shares trade on the Exchange each day exceeds C$0.14 per share, the Company may issue a notice (the “Acceleration Notice”) to the Holder (which Acceleration Notice will be given to the holder by the Company disseminating a press release) to accelerate the expiry time of the Share Purchase Warrant  (the “Acceleration Right”) to a date thirty (30) calendar days following the date of the Acceleration Notice.

The Company intends to use the proceeds of the Offering for the exploration and development of the Company’s Metal 46 tantalum project in Bolivia and for general working capital.

The closing of the Offering is subject to receipt of all necessary regulatory approvals, including those of the TSX Venture Exchange.  Finder’s fees or commissions or share purchase warrants will be payable in accordance with market conditions and policies of the TSX Venture Exchange.  Any of the Common Shares of the Company that are issued and those issuable from any finder’s warrants will be subject to a hold period ending on the date that is four months plus one day following the issue date of those share in accordance with applicable securities laws.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

For more information contact:

Richard Williams

President & CEO

(416) 364-312

Email: rickw.terreno@gmail.com

Web site: http//terrenoresources.ca  

Neither  the TSX Venture  Exchange nor its regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

Information set forth in this news release involves forward-looking statements under applicable securities laws. The forward-looking statements contained herein include, but are not limited to, financings and transactions being pursued, and all such forward-looking statements are expressly qualified in their entirety by this cautionary statement.  The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable securities legislation.  Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct and, accordingly, undue reliance should not be pout on such forward-looking statements.  This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein.

We seek safe habour.

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