Bolt Metals Closes First Tranche of LIFE Offering

(TheNewswire)

Vancouver, British Columbia /November 19, 2025 – TheNewswire - Bolt MetalsCorp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF)(FSE: A3D8AK) , a North American mineralacquisition and exploration company, is pleased to announce thesuccessful closing of first tranche of previously announcednon-brokered listed issuer financing exemption offering (the“ LIFE Offering ”), fortotal gross proceeds of $430,000.

The Company issued an aggregate of 2,150,000 units, ata price of $0.20 per unit (each, a “LIFE Unit”), under the LIFEOffering for total proceeds of $430,000. Each LIFE Unit issued underthe LIFE Offering consisted of one (1) common share and one (1) commonshare purchase warrant (each, a “Warrant”), issued pursuant toPart 5A of National Instrument 45-106 – Prospectus Exemptions (the “ Listed Issuer Financing Exemption ”). EachWarrant issued under the LIFE Offering entitles the holder to acquireone (1) common share at a price of $0.40 per share for a period oftwenty-four (24) months from the date of issuance and is exercisablebeginning sixty (60) days following the closing date.

The Company intends to use the net proceeds from theLIFE Offering for general working capital and corporatepurposes.

In connection with the LIFE Offering, the Company paidcash finder’s fees of $19,800, respectively, to Research CapitalCorporation. In addition, the Company issued 94,500 broker warrants(the “ Broker Warrants ”) toResearch Capital Corporation as consideration for services rendered inconnection with the LIFE Offering. Each Broker Warrant has the sameterms as the warrant issued under the respective offering.

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.

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 theLIFE Offering, the expected use of proceeds from the LIFE Offering,the terms and conditions of the LIFE Units, Warrants and Broker Warrants, and the Company’sexploration and corporate plans and objectives. Readers are cautionedthat such forward-looking statements are neither promises norguarantees and are subject to known and unknown risks anduncertainties. These risks include, but are not limited to: uncertainand volatile equity and capital markets; the Company’s ability tocomplete additional tranches of the LIFE Offering; the use of proceedsdiffering from management’s current expectations; actual results ofexploration and development activities; environmental risks; futureprices of metals; operating risks; accidents; labour issues; delays inreceiving required approvals and permits; changes in governmentregulations; and risks associated with early-stage mineralexploration.

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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