Bolt Metals Announces Private Placement

(TheNewswire)

Vancouver, British Columbia - TheNewswire - December 1 st , 2025 – Bolt Metals Corp. (“Bolt” or the “Company”)(TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK) , a NorthAmerican mineral acquisition and exploration company, is pleased to ispleased to announce a non-brokered privateplacement of up to 12,903,225 special warrants of the Company (each, a“ Special Warrant ”) at a price of $0.31 per Special Warrant, for aggregategross proceeds of up to $4,000,000 the “ Offering ”).

Each Special Warrant will automatically convert, for noadditional consideration, into one unit of the Company (each a“ Unit ”) on the date that is the earlier of: (i) the date that isthree business days following the date on which the Company files aprospectus supplement to a short form base shelf prospectus with thesecurities commissions qualifying distribution of the Units underlyingthe Special Warrants (the “ Prospectus Supplement ”), and (ii) the datethat is four months and one day after the closing of the Offering.

Each Unit will be comprised of one common share of theCompany (each, a “ Share ”) and one share purchase warrant(each, a " Warrant ") of the Company, with eachWarrant exercisable into one additional Share at an exercise price of$0.41 for two (2) years from the date of closing.

The Warrants will be subject to ten percent blockerprovision that restrict the exercise of any Warrants, in the eventthat such exercise would result in the applicable securityholderholding ten percent or more of the issued and outstanding Shares atsuch time.

The Company will use the net proceeds from the Offeringfor operations and administrative costs. The Company intends to usethe proceeds raised from the Offering for ongoing explorationactivities and general working capital. The Offering is subject tocertain conditions including, but not limited to, receipt of allnecessary approvals including the approval of the Canadian SecuritiesExchange (the “ CSE ”).

The Special Warrants are expected to be issued pursuantto exemptions from the prospectus requirements under Canadiansecurities laws, such as the accredited investor, $150,000 minimuminvestment, or other relevant exemptions under National Instrument45-106 – ProspectusExemptions . Prior to the filing of theProspectus Supplement and the automatic conversion of the SpecialWarrants, the securities issued under the Offering will be subject toa four-month hold period from the date of closing of the Offering inaddition to any other restrictions under applicable law.

The Company may pay finder’s fees on the Offeringwithin the amount permitted by the policies of the CSE.

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 under thesymbol BOLT, the OTC under the symbol PCRFC and in Germany under theWKN A3D8AK.

BOLT METALS CORP.

Zachary 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. Forward-looking statements relate to future events or theCompany’s future performance and include, but are not limited to,statements with respect to: the closing of subsequent tranches of theOffering, the expected use of proceeds from the Offering, the termsand conditions of the Units, Warrants, the filing of the ProspectusSupplement, and the Company’s exploration and corporate plans andobjectives. Readers are cautioned that such forward-looking statementsare neither promises nor guarantees and are subject to known andunknown risks and uncertainties. These risks include, but are notlimited to: uncertain and volatile equity and capital markets; theCompany’s ability to complete additional tranches of the Offering;the use of proceeds differing from management’s currentexpectations; actual results of exploration and developmentactivities; environmental risks; future prices of metals; operatingrisks; accidents; labour issues; delays in receiving requiredapprovals and permits; changes in government regulations; and risksassociated with early-stage mineral exploration.

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 statements will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such statements.

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