Bolt Metals Announces Correction to October 23, 2025 News Release

(TheNewswire)

Vancouver, British Columbia - TheNewswire - October 23, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK) , wishes to clarify certain information disclosed in its newsrelease dated October 23, 2025, titled “Bolt Metals Completes InducedPolarization Survey at the Northwind Property.”

The Company advises that due to a clerical error, theamount of the non-brokered private placement of units (the“ PrivatePlacement ”) was incorrectly stated as$1,500,000. The correct amount of the Private Placement should haveread “up to $3,000,000 units of the Company (each, a “ Unit ”) at a priceof $0.20 per Unit.”

Each Unit will continue to consist of one common shareof the Company and one common share purchase warrant, each exercisableat $0.40 for a period of 36 months from issuance. All other terms andconditions of the Private Placement remain unchanged from thosepreviously announced.

About Bolt Metals Corp.

Bolt Metals Corp. is a North American mineralacquisition and exploration company focused on the development ofquality precious and base metal properties that are drill-ready withhigh-upside and expansion potential. Bolt trades on the CSE Exchangeunder the symbol BOLT, the OTC under the symbol PCRFC and in Germanyunder the WKN A3D8AK.

BOLT METALS CORP.

Zac Kotowych, CEO and Director

For more information, please email info@boltmetals.com or visit www.boltmetals.com .

Neither the Canadian SecuritiesExchange nor its Regulation Services Provider accepts responsibilityfor the adequacy or accuracy of this release.

Forward-looking statements:

This news release includes"forward-looking statements" under applicable Canadiansecurities legislation. Such forward-looking information reflectsmanagement's current beliefs and is based on a number ofestimates and/or assumptions made by and information currentlyavailable to the Company that, while considered reasonable, aresubject to known and unknown risks, uncertainties, and other factorsthat may cause the actual results and future events to differmaterially from those expressed or implied by such forward-lookingstatements. Readers are cautioned that such forward-looking statementsare neither promises nor guarantees and are subject to known andunknown risks and uncertainties including, but not limited to, generalbusiness, economic, competitive, political and social uncertainties,uncertain and volatile equity and capital markets, lack of availablecapital, actual results of exploration activities, environmentalrisks, future prices of base and other metals, operating risks,accidents, labour issues, delays in obtaining governmental approvalsand permits, and other risks in the mining industry.

The Company is presently anexploration stage company. Exploration is highly speculative innature, involves many risks, requires substantial expenditures, andmay not result in the discovery of mineral deposits that can be minedprofitably. Furthermore, the Company currently has no reserves on anyof its properties. As a result, there can be no assurance that suchforward-looking statementswill prove to be accurate, and actual results and future events coulddiffer materially from those anticipated in such statements.

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