Mr. Tim Daniels reports

BORON ONE ANNOUNCES FINANCING

Boron One Holdings Inc. is undertaking a non-brokered private placement of up to $550,000. The company will issue up to 11 million units at a price of five cents per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of 18 months from the date of closing. The warrants are exercisable at a price of seven cents for the first six months and exercisable at 12 cents for the remaining 12 months. The company has the option to accelerate the expiry date if the stock trades at 15 cents for 10 trading days during the first six months and trades at 25 cents during the following 12 months.

Boron One intends to use the net proceeds of the offering for general working capital.

The company may pay qualified finders' fees consisting of 10 per cent in cash and 10 per cent in brokers warrants.

About Boron One Holdings Inc.

Boron One is an international mineral exploration and development company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Boron One's shares are traded on the TSX Venture Exchange under the symbol BONE.