Bolt Metals Closes Second Tranche of LIFE Offering and Completes Unit Private Placement

(TheNewswire)

Vancouver, British Columbia /November 28, 2025 – TheNewswire - Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK) , a North American mineral acquisition and explorationcompany, is pleased to announce that it has closed the second trancheof its previously announced non-brokered listed issuer financingexemption offering (the “ LIFE Offering ”), as well as closed the Company’s non-brokered UnitPrivate Placement (the “ Unit Offering ”).

Under the second tranche of the LIFE Offering, theCompany issued a total of 350,000 units at a price of $0.20 (each a“ LIFE Unit ”) for grossproceeds of $70,000. Each LIFE Unit consists of one (1) common shareand one (1) common share purchase warrant (each a “ LIFE Warrant ”).Each LIFE Warrant entitles the holder to acquire one (1) additionalcommon share at a price of $0.40 for a period of twenty-four (24)months from the date of issuance and becomes exercisable sixty (60)days after closing. The Company intends to use the net proceeds fromthe LIFE Offering for general working capital and corporatepurposes.

In addition to the LIFE Offering, the Company hasclosed its Unit Offering, issuing an aggregate of 15,000,000 units ata price of $0.20 per unit (each, a “ Unit ”), for totalgross proceeds of $3,000,000. Each Unit consisting of one (1) commonshare of the Company and one (1) common share purchase warrant (each a“ Warrant ”). Each Warrant will entitle the holder to acquire one (1)additional common share at an exercise price of $0.40 per Warrant fora period of thirty-six (36) months from the date of issuance.

In connection with the Unit Offering and LIFE Offering,the Company paid aggregate cash finder’s fees totaling $129,540 andissued 641,500 finder’s warrants (each a “ Finder’s Warrant ”). Each Finder’s Warrant exercisable to acquire one (1)common share at a price of $0.20 for a period of twenty-four (24)months from issuance.

Including the first tranche of the LIFE Offering, whichclosed on November 19, 2025 and raised gross proceeds of$430,000, Bolt Metals has now raised an aggregate of $3,500,000across both the LIFE Offering and Unit 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 contains“forward-looking information” and “forward-looking statements”within the meaning of applicable Canadian securities legislation(collectively, “forward-looking statements”). All statements inthis release that are not historical facts are forward-lookingstatements, including statements regarding the expected use ofproceeds from the LIFE Offering and the Unit Offering, the terms andconditions of securities issued by the Company, and the Company’sexploration, development and corporate plans and objectives.Forward-looking statements are based on expectations, estimates andassumptions that, while considered reasonable by the Company as of thedate of this news release, are inherently subject to significantbusiness, economic, geological, technical and competitiveuncertainties and contingencies. Forward-looking statements involveknown and unknown risks, uncertainties and other factors that maycause actual results, performance or achievements to differ materiallyfrom those expressed or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to:volatile capital markets; changes in the use of proceeds due toevolving business needs or external factors; results of explorationand development activities that may not align with managementexpectations; operational risks; environmental risks; fluctuations incommodity prices; reliance on key personnel; availability of capital;delays in regulatory approvals or permitting; changes in governmentpolicy or regulation; and the risks associated with early-stagemineral exploration. The Company is presently an exploration-stagecompany with no mineral reserves on any of its properties. Explorationand development are speculative activities involving substantial risk,often requiring significant expenditures that may not result in thediscovery of mineral deposits that can be economically mined.

Readers are cautioned not to placeundue reliance on forward-looking statements. The Company does notundertake any obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise, except as required under applicable securities laws.

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