Terra Balcanica Resources Corp. announced further high-grade assay results from the Phase II drill campaign confirming a continuation of the Cumavici Ridge epithermal vein zone within its principal Viogor-Zanik project in Bosnia and Herzegovina. Highlights.

Drillhole CMV23003 intersected 457 g/t AgEq over 4.15 m from 43.85 m downhole. The mineralized footprint at Cumavici Ridge has expanded significantly over the past 18 months. The Company news release dated 8th and 20th September as well as 22nd October 2022, 11th January, 2nd February, and 27th February 2023) where the Phase I drill results included: CMVDD001 - 824.2 g/t AgEq Over 4 m. CMVDD002 - 816.1 g/t AgEq across 2 m. CMVDD003 - 465.5 g/t AgEqover 8.7 m. CMVDD004 - 505.3 g/t AgEq under 11 m. CMVDD005 - 284 g/t AgEq for 10 m. Mineralized vein intercept points to a wider down-dip continuation of the high-grade mineralization from the previously reported 1,168 g/t AgEq within 1.35 m in drillhole CMV23004, which is open and untested at depth to the SW; Results from CMV23004 and CMV23003 have added ca.

45 m strike length SE to the previously reported CMVDD002 which returned 816.1 g/T AgEq over 2 m; The mineralized footprint atumavici Ridge now extends over 600 meters and remains open along strike and at depth; Further 2023 assay intervals to follow from Cumavici Ridge including CMV23001 and 002b, both of which intercepted massive sulphide mineralization as shallow as 7.1 m downhole. Assay results of key mineralized interval from 2023 Phase II Cumavici Ridge drillhole CMV23003. Hole ID, Easting, Northing, Elevation (m), Dip, Azimuth, Depth (m), Recovery (%), CMV23003, 360205.1, 4888464.4, 593.77, 050, 56.8, 100.

Dollar locations for reported Phase II drillhole. From 480 m downhole in BREDD002 and coincident with a tabular conductivity body, drilling intersected an intensely mineralized structure with a substantial increase in the volume of sulfide minerals and density of carbonate base metal veins. This structure, interpreted as a low angle thrust fault, appears to surface in the NE where gossanous material was previously mapped.

This provides an apparently continuous structure for further drill-testing as it shallows. Additionally, four more drill holes between depths of 120 and 160 m tested the surface gold bearing calc-silide mineralization in the western Balkans.