Mr. Tim Daniels reports

BORON ONE HOLDINGS INC. REPORTS COMPLETION OF A FEASIBILITY STUDY FOR ITS 100% OWNED PISKANJA BORON PROJECT

An independently authored feasibility study for Boron One Holdings Inc.'s Piskanja boron project has been completed, and is ready for submission to the Serbian Mining Ministry in compliance with the terms of the company's exploration licence. Submission of the feasibility study, which has been drafted in accordance with Serbian mining regulations, will fulfill the company's second and final obligation in the mineral exploitation licence approval process.

The company is awaiting completion of the vetting process of its Geological Elaborate by the Serbian Mining Ministry's independent Mining Commission, as the mandatory first step in the exploitation licence approval process. As previously reported by the company, approval of a Geological Elaborate results in the issuance of a Certificate of Reserves by the Mining Ministry. Upon receipt of the certificate of reserves, it is included with the feasibility study as a requisite part of the feasibility study submission process.

A Serbian-compliant feasibility study is of similar scope, scale and confidence level as a CIM (Canadian Institute of Mining, Metallurgy and Petroleum Standards on Mineral Resources and Reserves) compliant prefeasibility study. The Piskanja boron feasibility study defines the optimal development scenario for an underground mine, product beneficiation circuits, plant site, infrastructure, environmental safety and a closure plan. The feasibility study includes an analysis of all aspects of the project, and incorporates data from several external studies, including the company's Geological Elaborate, metallurgical testing, 3-D resource modelling and others. The feasibility study was authored by an independent, experienced mining engineering institute, located in Serbia.

About the Piskanja boron project

Piskanja is Boron One's wholly owned boron deposit with a measured mineral resource of 1.39 million tonnes (averaging 35.59 per cent B2O3), an indicated mineral resource of 5.48 million tonnes (averaging 34.05 per cent B2O3) and an inferred mineral resource of 284,700 tonnes (averaging 39.59 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM standards), as disclosed in the company's report, titled, "Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022." The responsible person for the PEA and the mineral resource estimate is Prof. Miodrag Banjesevic, PhD, PGeo, EurGeol, a qualified person in accordance with the CIM standards on mineral resources and reserves, and independent of Boron One.

About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.)

Boron One Holdings 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.

Qualified person

Nenad Rakic, EurGeol, Piskanja project field manager, a qualified person as defined by National Instrument 43-101, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure herein.

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