Terra Balcanica Resources Corp. confirmed that step-out drilling has extended the massive, polymetallic sulphide vein system at the Cumavici Ridge target located within its 90% owned Viogor-Zanik project, Bosnia and Herzegovina. Two shallow intervals from drillholes CMVDD004 and CMVDD005 reveal visible massive sulphides of 10 m and 11 m inthickness respectively; the system remains open down dip and along strike.

System strike length has been extended by approximately 50 meters west-northwest from the initial drillholes released from the Cumavici target where previously reported drillhole intervals include: CMVDD001: 824.2 g/t AgEq. over 4.0 m including 1634.4 g/t AgEq. over 2.0 m; CMVDD002: 816.1 g/t AgEq.

over 2.0 m; CMVDD003: 465.5 g/t AgEq. over 8.7 mincluding 1196.6 g/t AgEq. over 2.0 m. Assay results from CMVDD004 and CMVDD005 will be released shortly.

The Company commenced its maiden drill program by discovering a high-grade, polymetallic vein system intercepting 824.2 g/t AgEq over 4.0 m at the Cumavici Ridge target (see news release dated September 8, 2022). Subsequently, the footprint of this intermediate sulfidation epithermal system was extended 83 m down-dip including drill intervals of 465.5 g/t AgEq over 8.7 m, including 1196 g/t AgEq over 2.0 m. The subsequent step-out holes of CMVDD004 and CMVDD005 have intercepted thicker intervals of up to 11 m of massive sulphides approximately 50 meters west-northwest from the initial cluster of drillholes including CMVDD001, CMVDD002 and CMVDD003.