Mr. Tim Daniels reports

BORON ONE ANNOUNCES CLOSING OF SECOND TRANCHE OF FINANCING

Boron One Holdings Inc. has closed the second tranche of its non-brokered unit private placement. In the first tranche, the company raised proceeds of $457,000 through the sale of 9.14 million units. In the second tranche, the company accepted subscriptions for 2,436,000 units at a price of five cents per unit for gross proceeds of $121,800. The company paid finders' fees on the second tranche to a qualified finder of $500.

Pursuant to the terms of the financing, each unit is composed of one common share and one 18-month share purchase warrant. Each warrant is exercisable at seven cents in the first six months and 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 next 12 months.

The company intends to use the net proceeds of the offering for general working capital.

Securities issued on this closing are subject to a statutory hold period until March 7, 2024.

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 has shares that trade on the TSX Venture Exchange under the symbol BONE.