Mr. Joness Lang reports

CANTER RECEIVES FORMAL WATER PERMITS ISSUED BY THE NDWR AND ENGAGES SRK FOR PERMITTING AT COLUMBUS

The formal water permits pertaining to applications 90140 and 92509 have now been issued by the Nevada Division of Water Rights (NDWR) to Canter Resources Corp. This final step in the approval process grants access to appropriate the waters of the State of Nevada, for a total amount of groundwater of 2,235.64 acre-feet per annum from the Columbus Salt Marsh Valley basin, 118 (see news release Nov. 28, 2023, for more details).

"We are thrilled to formally have water permits in place that cover the Columbus lithium-boron project and a significantly broader area within the strategically located Columbus basin," commented chief executive officer Joness Lang. "This is a major milestone given the water access challenges in the region, and I'd like to personally thank our partners (Craig family) for all of the time and hard work that went into securing these permits." Mr. Lang added, "We have also engaged SRK to support our permitting work for our initial well drilling and remain on track to commence our phase I program at Columbus during the first half of Q1 2024."

The company recently engaged SRK Consulting to provide strategic environmental permitting support. Personnel from SRK's Elko and/or Reno, Nev., offices will be assigned to the Columbus project with initial steps including the filing of a notice of intent (NOI) and permitting for the company's highest-priority drill hole/well locations.

About the Columbus lithium-boron project

The 23,000-acre and 100-per-cent-controlled Columbus lithium-boron project presents a compelling case for significant lithium mineralization in brines given its strategic location, geological setting and promising geochemical profile. The project's strategic location within the Basin and Range province is central to the basin's structural and hydrological closure over the past 23 million years. This unique and distinct structural setting creates a potential reservoir for lithium and boron mineralization. Previous drilling provides evidence of a network of aquifers and Luna Lithium's drill hole north of the priority target area also returned up to 1,600 parts per million lithium in clays. Phase I drilling is set to commence during Q1 2024.

Qualified person

The technical information contained in this news release was reviewed and approved by Eric Saderholm, PGeo, director of Canter Resources, a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Canter Resources Corp.

Canter Resources is a Canadian junior mineral exploration company advancing the Columbus lithium-boron project in Nevada, United States, the Beaver Creek lithium property in Montana, U.S., and the Puzzle Lake property in Saskatchewan, Canada. The company is preparing for a phase I drill campaign at Columbus to test a highly prospective lithium brine target and plans to leverage the company's critical metals targeting database to generate a portfolio of high-quality projects with the aim of defining mineral resources that support the domestic clean energy supply chain in North America.

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