Mr. Tim Daniels reports

BORON ONE RECEIVES CERTIFICATE OF RESERVES FOR ITS PISKANJA BORON PROJECT

Boron One Holdings Inc. has received a certificate of reserves for the company's wholly owned Piskanja boron project from the Serbian Mining Ministry. The issuance of the certificate of reserves is a requisite step in the mineral exploitation licensing process, and is the result of the approval of the company's geological elaborate.

Having now received the certificate of reserves, the company is preparing to submit its recently completed Serbian-compliant feasibility study and other ancillary documentation to the mining ministry, in order to receive an approval for the exploitation field, as the next step in the licensing process.

Tim Daniels, president of Boron One, added: "We are excited and proud to have received the certificate of reserves, as it is one of the key milestones towards developing Piskanja into a going-concern mine. Importantly, as the process for the approval for the exploitation field is much more streamlined, we are expecting a considerably shorter vetting timeline than what we experienced for the certificate of reserves."

About the Piskanja boron project

Piskanja is Boron One Holdings' 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 preliminary economic assessment and the mineral resource estimate contained within, is Professor 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 Holdings.

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

Boron One Holdings 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.

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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