Vancouver, British Columbia, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTC:TEBAF) is pleased to announce further high-grade assay results from the Phase III drill campaign at the Cumavici Ridge polymetallic, epithermal vein zone within its principal Viogor-Zanik project in eastern Bosnia and Herzegovina. Highlights Drillhole CMV25004 intersected 636 g/t Ag Eq. over 4.3 m including: 1,757 g/t Ag Eq over 0.8 m1,319 g/t Ag Eq over 0.4 m ...

Vancouver, British Columbia, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTC:TEBAF) is pleased to announce further assay results from the Phase III drill campaign at the Cumavici Ridge and Brezani targets within its principal Viogor-Zanik project in Bosnia and Herzegovina. Highlights The Brezani drillhole BRE25001A returned 0.43 g/t Au over 55 m from 12 m below surface thus extending gold mineralization to 170 m along strike in the N-S dir ...

Core Insights - Terra Balcanica Resources Corp. announced initial high-grade assay results from the Phase III drill campaign at the Cumavici Ridge epithermal vein zone within its Viogor-Zanik project in Bosnia and Herzegovina [1][3] Summary by Sections Assay Results - Drillhole CMV25001 intersected 102 g/t Ag Eq. over 2.55 m within a broader zone of 64 g/t Ag Eq. over 4.7 m from 66 m depth [4] - The mineralization remains open to the northwest and down-dip to the southwest, with further assays expected soon [4] Drilling Highlights - The strike length of the mineralization has been extended to 95 m from previous drillhole CMV23004, which returned 1168 g/t Ag Eq. over 1.35 m [4] - Additional highlights from drilling include: - 505 g/t Ag Eq. over 11 m (CMVDD004) - 824.2 g/t Ag Eq. over 4 m (CMVDD001) - 284 g/t Ag Eq. over 10 m (CMVDD005) [4] Geological Observations - The mineralization zone from 64 m to 73 m is characterized by a fault-hosted hydrothermal breccia, with significant sulphide mineralization observed [5][9] - The geological setting includes volcanic rocks and is part of a large epithermal mineral system, dominated by silver and antimony, with additional gold, lead, and zinc [8][9] Company Overview - Terra Balcanica is focused on exploring large-scale mineral systems in the Balkans and northern Saskatchewan, Canada, holding a 90% interest in the Viogor-Zanik Project [14] - The company emphasizes responsible engagement with local communities and adherence to sustainable practices [14]

Core Viewpoint - Terra Balcanica Resources Corp. has announced promising initial high-grade assay results from its Phase III drill campaign at the Cumavici Ridge epithermal vein zone, indicating significant potential for silver and base metal mineralization in Bosnia and Herzegovina [1][3]. Summary by Sections Assay Results - Drillhole CMV25001 intersected 102 g/t Ag Eq. over 2.55 m within a broader zone of 64 g/t Ag Eq. over 4.7 m from 66 m depth, including a 0.4 m wide epithermal mineralized zone with 453 g/t Ag Eq. over 0.4 m [4]. - The strike length of the mineralization has been extended to 95 m from previous drillhole CMV23004, which returned 1168 g/t Ag Eq. over 1.35 m [4]. - Additional highlights from further drilling include 505 g/t Ag Eq. over 11 m (CMVDD004), 824.2 g/t Ag Eq. over 4 m (CMVDD001), and 284 g/t Ag Eq. over 10 m (CMVDD005) [4]. Geological Observations - The mineralization zone from 64 m to 73 m is characterized by a fault-hosted hydrothermal breccia, with significant presence of massive sulphides including sphalerite, galena, stibnite, and pyrite [5]. - The mineralization remains open to the northwest and down-dip to the southwest, indicating further exploration potential [4]. Company Overview - Terra Balcanica is focused on exploring large-scale mineral systems in the Balkans and northern Saskatchewan, Canada, holding a 90% interest in the Viogor-Zanik Project in Bosnia and Herzegovina [15]. - The company emphasizes responsible engagement with local communities and is committed to sustainable health, safety, and environmental management practices [15].

Core Viewpoint - Terra Balcanica Resources Corp. plans to spin out its Canadian uranium assets into a wholly-owned subsidiary, Terra North Resources Corp., to enhance focus on exploration and unlock shareholder value [1][4]. Group 1: Spin-Out Transaction Details - The spin-out transaction will involve transferring Terra's 591 km Saskatchewan uranium portfolio, including the Charlot–Neely Lake claim cluster, to Terra North in exchange for 15,000,000 common shares of Terra North [5]. - Terra North will engage Dahrouge Consulting Inc. to complete a NI 43-101 compliant technical report on the Charlot–Neely Lake property to support the spin-out and anticipated CSE listing [2]. - The completion of the spin-out is subject to shareholder approval, CSE approval, and compliance with applicable securities and corporate law requirements [3]. Group 2: Financial and Operational Plans - Terra North will conduct private placement financings to fund a $2 million exploration program in 2026, which will include multiple geophysical surveys and follow-up fieldwork [4][5]. - A portion of the Terra North shares will be distributed to its shareholders on a pro rata basis as a return of capital [5]. - Terra North aims to list its common shares on the Canadian Securities Exchange, targeting a listing in Q2 2026, pending regulatory approvals [5]. Group 3: Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration, targeting large-scale mineral systems in the Balkans and northern Saskatchewan, Canada [6]. - The company holds a 90% interest in the Viogor-Zanik Project in Bosnia and has a 100% optioned portfolio of uranium-prospective licenses in the Athabasca basin [6].

Core Insights - Terra Balcanica Resources Corp. has completed the first stage of its 2,100 m Phase III drilling program at the Brezani and Chumavichi targets within the Viogor-Zanik project in Bosnia and Herzegovina [1][3] Phase III Drilling - The 2025 drilling program aims to follow up on previously discovered high-grade polymetallic mineralizations at Brezani and Chumavichi, enhancing geological knowledge at these locations [4] - The drilling campaign faced technical challenges but achieved over 94% average core recovery [7] Brezani Target - Initial drilling at Brezani revealed 88 m from surface of 0.61 g/t AuEq, remaining open along an 850 m long gold in soil anomaly [5] - Deeper drilling discovered an epithermal system, returning 19.6 m at 436 g/t AgEq, indicating numerous epithermal structures trending towards the surface [5][8] Chumavichi Target - The Chumavichi target has confirmed at least three separate vein systems, with previous drilling returning grades of 824.2 g/t AgEq over 4 m, 505.3 g/t AgEq over 11 m, and 284 g/t AgEq over 10 m [6] - The 2025 drilling at Chumavichi encountered similar sulphides to previously reported drillholes, indicating further exploration potential [6] Future Plans - The company plans to test the main Ag-Sb-Zn-As-Bi soil anomaly with additional drillholes and continue exploration at the Chumavichi system [3] - Phase III operations are set to resume in January 2026 after laboratory assays are released [3] Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration in the Balkans and northern Saskatchewan, Canada, holding a 90% interest in the Viogor-Zanik Project [10] - The company emphasizes responsible engagement with local communities and is committed to sustainable practices [10]

Group 1 - Terra Balcanica Resources Corp. will present at the Clean Energy Metals Virtual Investor Conference on August 28, 2025, with Dr. Alex Miskovic as the presenter [1] - The conference will allow real-time interaction between investors and the company, with archived webcasts available for those unable to attend live [2] - Investors are encouraged to pre-register and conduct system checks to facilitate participation [3] Group 2 - Terra Balcanica is focused on exploring critical metals such as antimony, silver, zinc, and uranium, with significant projects in the Balkans and northern Saskatchewan, Canada [5] - The company holds a 90% interest in the Viogor-Zanik Project in Bosnia and a 100% optioned portfolio of uranium licenses near the Athabasca Basin [5] - Recent highlights include the announcement of the world's 5th best antimony-silver intercept for 2024-25 and a 231 sq. mile portfolio of uranium claims featuring up to 6.2% U3O8 surface sample [8]

Core Viewpoint - Terra Balcanica Resources Corp. has announced an expansion of the surface gold skarn system at Brezani and the initiation of the Phase III drill program at its Viogor-Zanik project in Bosnia and Herzegovina [1][3]. Summary by Sections Drill Results - The maiden drillhole BREDD002 intercepted 0.61 g/t AuEq over 88.0 m from surface [3]. - Drillhole BRE23001 intercepted 0.27 g/t Au over 72.3 m, including 0.62 g/t Au over 7.5 m [6]. - Drillhole BRE23002 intercepted 1.51% Zn over 6 m, including 0.54% Sb over 1.65 m and 0.6 g/t Au over 2.85 m [6]. - Drillhole BRE23003 encountered 0.19% Sb over 2.0 m and 0.6 g/t Au over 2.85 m [6]. - Drillhole BRE23004 intercepted 0.62 g/t Au over 11.8 m, including 1.03 g/t Au over 6.65 m [6]. Phase III Drilling - The 2025 drill program follows the discovery made by drill hole BREDD002, which intercepted approximately 20 m of mineralization grading upwards of 436 g/t Ag Eq [21][22]. - The lateral extent of the conductor interpreted as Sb-Ag-Zn mineralization is 1.2 km long, up to 600 m wide, and 20 m thick [23]. - A total of 2,100 m of drilling is planned, with the first diamond drill hole expected to be completed by the end of August 2025 [23]. Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration, targeting large-scale mineral systems in the Balkans and northern Saskatchewan, Canada [29]. - The company holds a 90% interest in the Viogor-Zanik Project in eastern Bosnia and Herzegovina [29].

Core Viewpoint - Terra Balcanica Resources Corp. successfully closed the second and final tranche of its private placement, raising a total of C$1,117,495 through the issuance of 11,174,950 units at a price of C$0.10 per unit, which includes common shares and warrants [1][2]. Financing Details - The final tranche raised gross proceeds of C$302,581 through the issuance of 3,025,809 units, with each unit consisting of one common share and one-half of a warrant [1]. - Each warrant is exercisable at C$0.20 per share for a period of 24 months from the closing date [1]. - The initial tranche closed on July 11, 2025, raising C$814,914 through 8,149,141 units [1]. Insider Participation - Kim Oishi, a director of the company, purchased 25,809 units in the final tranche, which is classified as a related party transaction [2]. - The company relied on exemptions from valuation and minority approval requirements as the insider's participation did not exceed 25% of the company's market capitalization [2]. Regulatory Compliance - The private placement was conducted under the listed issuer financing exemption, and the securities issued are not subject to a hold period under Canadian securities laws [3]. - However, the Finder's Warrants issued are subject to a hold period expiring on December 14, 2025 [3]. Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration in the Balkans and northern Saskatchewan, Canada, with a 90% interest in the Viogor-Zanik Project in Bosnia [5]. - The company emphasizes responsible engagement with local communities and adheres to Good International Industry Practice (GIIP) [5].

Core Points - Terra Balcanica Resources Corp. has successfully closed the second and final tranche of its private placement, raising gross proceeds of C$302,581 through the issuance of 3,025,809 units at a price of C$0.10 per unit, bringing the total offering amount to C$1,117,495 [1][2][3] Financing Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at C$0.20 for a period of 24 months from the closing date [1] - The initial tranche of the offering was closed on July 11, 2025, raising C$814,914 through the issuance of 8,149,141 units [1] - Finders' fees of C$7,000 were paid, and 70,000 non-transferable finder's warrants were issued, also exercisable at C$0.20 for 24 months [1][2] Insider Participation - Kim Oishi, a director of the company, purchased 25,809 units in the final tranche, which is classified as a related party transaction [2] - The participation of the insider was approved by independent directors, and it does not materially change the percentage of outstanding securities owned by the insider [2] Regulatory Compliance - The private placement was conducted under the listed issuer financing exemption, and the securities issued are not subject to a hold period under Canadian securities laws [3] - However, the finder's warrants and the common shares issuable upon their exercise are subject to a hold period expiring on December 14, 2025 [3] Company Overview - Terra Balcanica is focused on polymetallic and energy metals exploration, targeting large-scale mineral systems in the Balkans and northern Saskatchewan, Canada [5] - The company holds a 90% interest in the Viogor-Zanik Project in Bosnia and has a 100% optioned portfolio of uranium-prospective licenses in Canada [5] - The company emphasizes responsible engagement with local communities and is committed to sustainable practices [5]