Bolt Metals Closes Debt Settlements

(TheNewswire)

Vancouver, British Columbia – TheNewswire - February20, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTCQB: PCRCF) (FSE:A3D8AK) , announces that it has closed itspreviously announced debt settlement agreements (the “ Settlement Agreements ”) tosettle outstanding debts owed to two arm’s length creditors (the“ Creditors ”) totaling CAD $163,898.02 (the “ Debt Settlement ”). Pursuant to the Settlement Agreements, the Company hasissued an aggregate of 3,277,960 units (“ Units ”) at a deemed price of CAD $0.05 perUnit. Each Unit consists of one common share of the Company(“ Common Share ”) and oneCommon Share purchase warrant (“ Warrant ”), witheach Warrant being exercisable for one Common Share for a period oftwo years, at a price of CAD $0.05. All securities issued pursuant tothe Settlement Agreements are subject to a four month and one day holdperiod, pursuant to National Instrument 45-106 – Prospectus Exemptions .

The board of directors of the Company determined thatit was in the best interests of the Company to complete the DebtSettlement in order to preserve the Company's cash for workingcapital.

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. Based in Vancouver, BC, Bolt’sportfolio of strategic properties provides target-rich diversificationand also include Soap Gulch, a copper SEDEX project in Montana, andSwitchback, a copper-silver project located in British Columbia. Bolttrades on the CSE Exchange under the symbol BOLT, the OTCQB Exchangeunder the symbol PCRFC and in Germany under the WKN A3D8AK.

Bolt Metals Corp.

Branden Haynes – Director and CEO

(604) 817-1595

info@boltmetals.com

Reader Advisory

This news release may containstatements which constitute “forward ? looking information”. The words “may”, “potential”,“should”, “would”, “could”, “will”, “intend”,“plan”, “anticipate”, “believe”, “estimate”,“expect”, and similar expressions, are intended to identify suchforward ? looking statements. Such statements include, withoutlimitation, statements regarding t he recent consolidation of claims by GoldFields, setting the stage for a very exciting time, confidence that byapplying modern exploration techniques to these claims, it won’t belong before announcing the next major discovery, anomalies that areinterpreted as being likely to host economicmineralization, and refining targets for follow-up work withdiamond drilling . Investors are cautioned thatany such forward ? looking statements arenot guarantees of future business activities and involve risks anduncertainties, and that the Company’s future business activities maydiffer materially from those in the forward ? looking statements. There can be no assurances that such informationwill prove accurate and, therefore, readers are advised to rely ontheir own evaluation of such uncertainties. The Company does notassume any obligation to update any forward-looking information exceptas required under the applicable securities laws.

The Canadian Securities Exchange has not approved ordisapproved this news release.

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