Canter Resources Corp. reported initial brine and clay/sediment assay results from the Company's completed 15-hole Phase I shallow Geoprobe drill program at its Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada. The assays reported herein correspond to approximately 35% of the samples collected during the program.

Initial results successfully demonstrated mineralized brines from shallow aquifers over two kilometres in strike ("km") highlighting the potential for multi-layered aquifers at Columbus. The initial sediment/clay samples returned peak values of 3,070 ppm boron ("B"), 690 ppm lithium ("Li") and 3.89% potassium ("K") with several highly mineralized sedimentary intervals starting from surfacz. Clay results from CB24-018/019 highlight potential for higher grade Li-B mineralization to extend for kms to the west.

Brine assay results returned notably significant boron values up to 508 milligrams per litre ("mg/L"), along with anomalous Li values up to 49.8 mg/L and high K values up to 5,870 mg/L. A total of 15 shallow drill holes were completed to test the interpreted upper brine generation layer of the basin. The initial five drill holes (400 m spaced north-south grid) consistently intersected aquifers, capturing saturated brines at shallow depths over 2 km, returning significant near-surface boron-enriched brines and lithium-enriched clays, collectively providing support for the Company's deeper brine targeting. The initial findings from the shallow drilling campaign highlight not only the substantial boron and lithium values, but also reveal the significant role of potassium and barium in influencing the geochemical environment.

The Company views the potassium concentrations - as high as 5% in these assays - as playing a crucial role in maintaining lithium in solution due to ion exchange processes. This helps lithium remain mobile and migrate to deeper aquifers where it can concentrate in structural traps. Anomalous boron values near surface are a commonly used pathfinder for targeting significant lithium concentrations deeper in a mineralized system, but the Company views the consistently elevated boron values in shallow brines and clays as very significant on a standalone basis.

Boron brine concentrations ranged from 315 mg/L to 508 mg/L and averaged 417 mg/L across the initial brine results. Boron values (and total dissolved solids - "TDS") also increased with depth. The boron market is rapidly emerging as a critical mineral due to its use in numerous high-tech and clean energy applications, making the presence of boron mineralization at Columbus potentially significant.

The boron market is expected to grow to more than $3 billion USD by 2027, with Rio Tinto's US Borax and Turkey's state-owned Eti Maden producing an estimated 85% of global supply. Ioneer's ($300 Million market capitalization) claystone deposit hosts significant boron and shares the same volcanic source rocks as Columbus. Potential for significant boron concentrations at Columbus are considered excellent, with past borax brine production (late 1800s) and significant boron concentrations demonstrated in clays and brines from historical and now current drilling, respectively.

The established boron market has been serving industrial sectors (ceramics, glass, agriculture and cleaning products) for a long time, however; The boron market is evolving and rapidly growing (currently more than 300 applications), including tech and clean energy, with significant amounts of boron in EVs, and super magnets created using boron being used in solar panels, nuclear reactors and wind turbines. A boron derivative has emerged as the best semiconductor material on earth, according to a recently competed study by researchers at MIT3.