Vancouver, British Columbia - TheNewswire - October 23, 2025 – Bolt Metals Corp. (“Bolt” or the “Company”) (TSXV: BOLT) (OTC: PCRCF) (FSE: A3D8AK), wishes to clarify certain information disclosed in its news release dated October 23, 2025, titled “Bolt Metals Completes Induced Polarization Survey at the Northwind Property.”

The Company advises that due to a clerical error, the amount of the non-brokered private placement of units (the “Private Placement”) was incorrectly stated as $1,500,000. The correct amount of the Private Placement should have read “up to $3,000,000 units of the Company (each, a “Unit”) at a price of $0.20 per Unit.”

Each Unit will continue to consist of one common share of the Company and one common share purchase warrant, each exercisable at $0.40 for a period of 36 months from issuance. All other terms and conditions of the Private Placement remain unchanged from those previously announced.

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. Bolt trades on the CSE Exchange under the symbol BOLT, the OTC under the symbol PCRFC and in Germany under the WKN A3D8AK.

BOLT METALS CORP.

Zac Kotowych, CEO and Director

For more information, please email info@boltmetals.com or visit www.boltmetals.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements:

This news release includes "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and is based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Readers are cautioned that such forward-looking statements are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.