Terra Balcanica Appoints Business Development Officer, Grants Stock Options, and Agrees To Settle Debt for Shares

Vancouver, British Columbia – March 12th 2025 – Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB10) announces the appointment of Mathieu Couillard as its Business Development Officer.

Mr. Couillard brings a strong background in capital markets and business strategy to his role at Terra. He is an experienced Board Member and financial consultant with expertise in advising management and board of directors on capital market strategies. During his career, Mr. Couillard served as Managing Director of investment banking at Haywood Securities in Toronto, leading the Special Situations team from 2016 to 2022. Mathieu is an experienced investment banker with extensive expertise in capital markets. He participated in over C$1 Billion in capital raises for private and public companies and is the architect of numerous mergers and acquisitions. Prior to joining Haywood Securities, Mr. Couillard was part of the Risk Management Solutions group specializing in the sales and structuring of derivative products at National Bank of Canada in Toronto. From 2006 to 2014, Mr. Couillard was part of National Bank’s investment banking group in Montreal. Mathieu is a Fellow of the Society of Actuaries and currently sits of on the board of directors of another TSX Venture listed company. Mr. Couillard has been the President and CEO of SPOD Lithium Corp. since April, 2024.

In consideration of his business development efforts, the Company will grant Mr. Couillard options and other compensation at a future date as appropriate, at the discretion of the Board of Directors.

Option Grant
The Company announces the grant of 600,000 incentive stock options (the “Options”) to certain marketing advisors and consultants in accordance with the Company’s stock option plan (the “Option Plan”). The Options are exercisable for C$0.105 per common share for a period of 2 years from the date of issuance.

Shares for Debt
The Company has further agreed to settle outstanding debt in the amount of CDN$15,000 (the “Debt”) owing to an arm’s length creditor by issuing an aggregate of 166,666 common shares in the capital of the Company (the “Common Shares”) at a price of C$0.09 per Common Share (the “Shares for Debt Transaction”). The Board of Directors has determined it is in the best interests of the Company to settle the outstanding Debt by the issuance of the Common Shares in order to preserve the Company’s cash for ongoing operations.

Closing of the Shares for Debt Transaction is subject to customary closing conditions, and the Company intends to close as soon as practicable. The Common Shares to be issued pursuant to the Shares for Debt Transaction will be subject to a hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities laws.

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