Mr. Tim Daniels reports

BORON ONE GRANTED NEW EXPLORATION LICENSE AS IT PROGRESSES THROUGH EXPLOITATION APPROVALS

Boron One Holdings Inc. has been granted a new exploration licence by the Serbian Ministry of Mining and Energy for the company's wholly owned Piskanja boron project. This new three-year licence ensures Boron One's continued exclusive rights to the Piskanja property, as the company progresses through the mineral exploitation approval process for Piskanja with the mining ministry. As previously reported by the company, it has received a certificate of reserves from the mining ministry as the first requisite step in the approval process and is readying the mandatory documentation for submission in order to receive the approval of the exploitation field as the next step in the approval process.

Tim Daniels, chief executive officer of Boron One, added: "Requesting a new exploration licence was prudent to ensure continuity in our exclusive rights to the Piskanja deposit while we are in process to complete the exploitation licensing procedure. Our original Piskanja exploration licence had expired, but exclusive exploitation rights do not commence until we receive an approval of the exploitation field from the ministry, prompting this interim action to ensure our uninterrupted rights to Piskanja between those two events." Mr. Daniels continued, "Additionally, this new exploration licence affords us an opportunity to attempt to expand the extent of the known mineral resource at Piskanja, as there remain unexplored regions of the property that lie outside the currently known mineral body footprint, but within the boundaries of the Piskanja exploration licence area."

About Boron One Holdings 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.

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