Mr. Blake Fallis reports

BORON ONE HOLDINGS RECEIVES APPROVAL FOR JARANdol basIN EXPLORATION LICENSE

Boron One Holdings Inc. has received a mineral exploration licence covering 21 square kilometres within the Jarandol basin in Serbia. The Jarandol basin licence contains all the land within the basin, which is prospective for boron, including the territory directly adjacent to, and in between, the company's 100-per-cent-owned Piskanja boron project on the eastern edge of the basin, and the government-owned Pobrdje boron mine, located 2.5 km away from Piskanja on the opposite edge of the basin.

Previous exploration in the Jarandol basin by the company has shown that Jarandol has the potential to host extensions to both the Piskanja and Pobrdje boron deposits, as well as the potential to host unrelated boron deposits. In a previous drill program conducted by Boron One (as reported by the company in a news release on Dec. 22, 2015), six exploratory drill holes returned occurrences of borates, conducted at a location approximately midway between the Piskanja and Pobrdje deposits. Two of the six drill holes intersected one boron layer of potential economic grade and thickness, while a third hole intersected two distinct boron layers. Mineralized intervals included one intersection of 1.88 metres averaging 41.33 per cent B2O3, a second intersection of 1.3 metres averaging 41.88 per cent B2O3 and a third intersection of 1.75 metres averaging 39.71 per cent B2O3.

"The readdition of the Jarandol basin licence is exciting for us," said Tim Daniels, president of Boron One. "Our previous exploration efforts within the basin were certainly encouraging, improving our knowledge of the geology outside of the current footprint of our Piskanja deposit and giving us some meaningful drill targets on which to focus, in order to try to expand our mineral resource."

The Jarandol exploration licence is valid for three years, covers 21.03 square kilometres, and is extendable by the company up to a total of eight years, subject to Serbian mining regulations.

About the Jarandol basin

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.

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 paved roads, rail, power, experienced miners and sufficient support industries, located 250 kilometres south of Belgrade by all season, paved roads.

About the Piskanja boron project

Piskanja is Boron One Holdings Inc.'s 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.

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 Instrumentm 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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