Mr. Tim Daniels reports

BORON ONE RECEIVES APPROVAL FOR ITS GEOLOGICAL ELABORATE

Boron One Holdings Inc.'s amended geological elaborate for its Piskanja boron project has received approval from the Serbian Mining Ministry's independent commission of local mining experts, as a requisite step in the mineral exploitation licensing process.

In accordance with Serbian mining regulations, the commission's approval of the elaborate was required for the Mining Ministry to issue a certificate of reserves to the company. Upon receipt of the certificate of reserves, the company's recently completed Serbian-compliant feasibility study and other ancillary documentation will be submitted to the Mining Ministry, in order to receive its approval for the exploitation field.

Tim Daniels, president of Boron One, added: "We are very pleased to have the commission's independent validation of the Piskanja resource. We are eager to receive the ministry's approval for the exploitation field so that we may proceed towards the design and approval of the construction plans for the mining and processing facilities, and ultimately the completion and approval of the mining facilities themselves."

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 (boron trioxide)), 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, 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 preliminary economic assessment, and the mineral resource estimate contained within, is Prof. Miodrag Banjesevic, PhD, PGeo, EurGeol, a qualified person in accordance with the CIM definition standards on mineral resources and reserves, and independent of Boron One.

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

Boron One is a leading company dedicated to advancing the decarbonization of the planet through the responsible utilization of its wholly owned boron assets. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the carbon footprint and supporting a cleaner, greener future.

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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