Mr. Tim Daniels reports

BORON ONE ELABORATE APPROVAL PROCESS UPDATE

Boron One Holdings Inc.'s study, titled "Geological Elaborate on Resources and Reserves for the Piskanja Boron Project," has undergone a review by an independent commission of local mining experts, which is tasked by the Serbian Mining Ministry with vetting projects which are seeking its approval for a mineral exploitation licence. Review and approval of the Elaborate by the Commission is a requisite step in the exploitation licensing process.

In its written decision to the Company, the Commission has requested that certain additional information be included in the study, in the form of an Annex to the Elaborate. The Company has 30 days to submit the Annex for further review.

"We are pleased to be nearing the end of the vetting process for the Elaborate," said Tim Daniels, President of Boron One. "It is not unusual for the Commission to request additional data, as they have done in our case. For the most part, the additional studies and analysis requested by the Commission have already been completed as part of our feasibility study workflow. That information is now being repurposed in the Elaborate as an Annex, and will be ready for submission to the Commission shortly."

Specifically, the Commission has requested the addition of a technological analysis of the minerals from the Piskanja deposit (i.e. metallurgical testing and beneficiation workflows), the impact of such metallurgical findings on the Piskanja project economics, and a modified resource calculation (if and as needed) re-classifying the economically minable tonnage (as may be impacted by any modification to the effective cutoff grades and minable thicknesses, as a result of the metallurgical work results). Lastly, the Commission requested an amended technical-economic assessment of the resource at Piskanja based on the inclusion of these obtained/calculated factors, including an updated graphic presentation of the mineral bodies.

About the Piskanja Boron ProjectPiskanja is Boron One Holdings Inc.'s wholly owned boron deposit with a Measured Mineral Resource of 1.39 million tonnes (averaging 35.59% B2O3), an Indicated Mineral Resource of 5.48 million tonnes (averaging 34.05% B2O3), and an Inferred Mineral Resource of 284.7 thousand tonnes (averaging 39.59% 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 contained within, is Prof. Miodrag Banjesevic PhD. P.Geo, EurGeol, a Qualified Person in accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards), and independent of Boron One Holdings Inc.

On behalf of the Board of Directors,

Tim Daniels

About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.)Boron One Holdings Inc. 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". For detailed information please see Boron One's website at www.boronone.com or the Company's filed documents at www.sedar.com.For further information, please contact: Boron's Public Quotations: Blake Fallis, General Manager TSX Venture:BONE Phone: 1-250- 384-1999 or 1-888-289-3746 Berlin: EKV info@boronone.com US: SEC 12G3-2(B) #82-4432ERVFF www.boronone.com OTC PINK:ERVFF

Qualified PersonsNenad Rakic, EurGeol, Piskanja Project Field Manager, a qualified person as defined by NI 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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