Mr. Tim Daniels reports

BORON ONE SUBMITS APPLICATION FOR A NEW JARANDOL BASIN EXPLORATION LICENSE

Boron One Holdings Inc. has submitted an application to reacquire an exploration licence for the Jarandol basin in Serbia, which was previously held by the company from 2013 to 2018. The Jarandol licence application covers 20.97 square kilometres and includes all territory directly adjacent to, and in between, both Boron One's 100-per-cent-owned Piskanja boron project on the eastern edge of the Jarandol basin, and the Serbian government owned Pobrdje boron mine, about 2.5 kilometres away from Piskanja on the opposite edge of the basin.

Previous exploration has shown that Jarandol has the potential to host extensions to both the Piskanja and Pobrdje boron deposits, and/or the potential to host separate, similar boron deposits. In a previous drill program conducted by Boron One (as reported by the company on Dec. 22, 2015), all eight drill holes returned occurrences of borates. Additionally, three of the drill holes intersected two borate beds of potential commercial grade and thickness.

About the Jarandol basin

The Jarandol basin is a well-known historical mining district in southern Serbia which hosts two known boron deposits, an operating coal mine and a (now depleted) magnesite mine. The basin hosts excellent infrastructure for mining including local paved roads, rail, power, experienced miners and sufficient support industries, located 250 kilometres south of Belgrade by good paved roads. The Jarandol basin is a Miocene age tertiary deposit located within the Vardar belt of Neogene lacustrine deposits of evaporates. The Vardar belt contains the world's richest borate deposits, including those found in Turkey, which are of similar genesis to the Serbia borate deposits.

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 PEA 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 (CIM Standards), 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 our 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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