Terra Balcanica Obtains Exploration Licence in Bosnia-Herzegovina

About this update from Terra Balcanica Resources Corp.

Vancouver, British Columbia, June 03, 2026 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1; OTCQB:TEBAF) is pleased to announce that it has secured a new mineral exploration licence (“Permit”) comprising the Viogor polymetallic project in eastern Bosnia and Herzegovina. The new mineral exploration permit for the “Pb-Zn-Cu and associated base and precious metals” No. 05.04/310-366-3/26 was issued to Energetski minerali doo Banja Luka, a wholly owned Terra subsidiary, by the Republic of Srpska Ministry of Energy and Mines on May 20th, 2026. The exploration permit is valid for 3 years with the standard provisions for two 2-year extensions allowing for up to 7 years of continuous mineral exploration tenure. The new permit area encapsulates the three targets defined by Terra’s diligent exploration activities between 2020 and 2022, namely: the historically known Čumavići polymetallic corridor, the Kiseli Potok Mo porphyry and the two Brežani discoveries. It encompasses 49.06 km2 and extends NW-SE along the Alpine orogenic trend west and south of the town of Srebrenica (Figure 1.) Figure 1. The Viogor mineral exploration licence encapsulates the three mineralized localities which will be advanced over the next 7 years. The operating Mineco Ltd. Sase mine is strategically located 7 and 11 km  away from Čumavići  and Brežani, respectively (click here to view image). Terra’s President and Chief Executive Officer, Dr. Aleksandar Mišković, P.Geo., remarked:“Building on our discoveries of high-grade, silver-antimony-zinc-lead-gold mineralization at Čumavići as well as an auriferous skarn and silver-antimony-zinc mineralization at Brežani, our securing of the Viogor project is an important step in advancing Terra’s Bosnian assets. It allows the Company to maintain drilled target areas for an additional seven years and as such to become one of the very few suppliers of critical metals, notably antimony, for the neighboring European markets. Removing tenure uncertainty paves way for unhindered push towards a preliminary resource estimate next year. Not only is the award of Viogor fundamental for our success but it also illustrates the ease of doing business in Republic of Srpska, Bosnia and Herzegovina while highlighting the expertise of our management team when it comes to holding onto key assets.” Viogor Proje...

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