Bolt Metals Announces Closing of Option to Acquire the High-Grade Floralia Iron Project

VANCOUVER, BC / ACCESS Newswire / June 12, 2026 / Bolt Metals Corp. ("Bolt" or the "Company") (CSE:BOLT)(OTCQB:PCRCF)(FSE:A3D8AK), is pleased to announce that, further to its press releases dated May 13, 2026, the letter of intent dated October 23, 2025, and the definitive option agreement dated May 12, 2026, as amended (the "Option Agreement"), with Max Iron Brazil Ltd. ("MaxIron"), an entity controlled by Max Resource Corp. ("Max"), pursuant to which Bolt has the right to acquire 100% of the Florália High Purity Iron Property (title no. 832.022/2018) located in Minas Gerais, Brazil's largest iron ore and steel-producing state (the "Property"), the Company has closed the transactions contemplated by the option agreement. The Company has also closed the transactions contemplated by the debt settlement agreement dated May 11, 2026 with Max in connection with the establishment, exploration and development costs relating to the Property.

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