Vancouver, British Columbia – TheNewswire - August 5, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTCQB: PCRCF) (FSE: A3D8AK), announces that it has completed its previously announced debt settlement agreements (the “Settlement Agreements”) to settle outstanding debts owed to certain arm’s length creditors (the “Creditors”) totaling an aggregate of CAD $117,535.00 (the “Debt Settlement”). Pursuant to the Settlement Agreements, the Company has issued an aggregate of 11,753,500 common shares in the capital of the Company (the “Shares”) at a deemed price of CAD $0.01 per Share. The Shares issued pursuant to the Settlement Agreements are subject to a four month and one day hold period, pursuant to National Instrument 45-106 – Prospectus Exemptions.

The board of directors of the Company determined that it was in the best interests of the Company to complete the Debt Settlements in order to preserve the Company's cash for working capital.

About Bolt Metals Corp.

Bolt Metals Corp. is a North American mineral acquisition and exploration company focused on the development of quality precious and base metal properties that are drill-ready with high-upside and expansion potential. Based in Vancouver, BC, Bolt’s portfolio of strategic properties provides target-rich diversification and also include Soap Gulch, a copper SEDEX project in Montana, and Switchback, a copper-silver project located in British Columbia. Bolt trades on the CSE Exchange under the symbol BOLT, the OTCQB Exchange under the symbol PCRFC and in Germany under the WKN A3D8AK.

Bolt Metals Corp.

Branden Haynes – Director and CEO

604-922-8272

info@boltmetals.com

Reader Advisory

This news release may contain statements which constitute “forward‐looking information” within the meaning of applicable securities laws. The words “may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions are intended to identify such forward‐looking statements. Forward‐looking statements in this news release include, but are not limited to, statements regarding the completion of the Debt Settlement, the issuance of the Shares pursuant to the Settlement Agreements, and the Company’s intention to preserve cash for working capital purposes. Forward‐looking information is based on a number of assumptions that management of the Company believes to be reasonable at the time such statements are made, including, without limitation, the timely receipt of all required regulatory approvals and that the Company will have sufficient working capital to execute its business objectives. Forward‐looking information is subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward‐looking information. Such risks include, but are not limited to, the risk that required regulatory or other approvals will not be obtained in a timely manner or at all, the risk that the Company will be unable to maintain sufficient working capital for its operations, and general business, economic, competitive, political, and social uncertainties. Readers are cautioned not to place undue reliance on forward‐looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward‐looking information, whether as a result of new information, future events, or otherwise.

The Canadian Securities Exchange has not approved or disapproved this news release.