Mr. Joness Lang reports

CANTER SAMPLES 430 PPM LITHIUM, ACQUIRES HISTORICAL THIRD-PARTY DATA AND COMPLETES DATA INTEGRATION AT COLUMBUS

Canter Resources Corp. has acquired additional third party data, including historical soil sampling results and geophysical survey data, that highlight significant lithium in soils along the eastern edge of the five-kilometre by 2.5 km priority target area at the Columbus lithium-boron project.

The acquisition of substantial third party historical geochemical sampling data, alongside Canter's own database and sampling efforts, provides a comprehensive dataset within the 23,000-acre project area. This combined dataset includes 473 surface samples and reveals a maximum surface sediment lithium (Li) value of 540 parts per million (ppm) lithium (Li). Analysis of the newly acquired third party data shows an average concentration of 144 ppm Li across 54 surface sediment samples and multiple locations exceeding 200 ppm Li, with the highest value from the historical dataset reported at 348 ppm Li. Additionally, previous surface brine samples reveal lithium concentrations reaching 240 milligrams per litre (mg/L). This extensive combined dataset highlights the basin's potential for near-surface lithium enrichment (see the table entitled "Historical third party surface sediment sample highlights").

The company recently engaged renowned geophysicist, Jim Wright of Wright Geophysics, who completed reinterpretation of available geophysical data. The company has also obtained airborne magnetic and radiometric data from the recently completed collaboration between the United States Geological Survey (USGS) and the Department of Energy (DOE), designed in part to support geologic and geophysical mapping and modelling of Nevada's lithium clay and brine resources.

"We have taken methodical low-cost steps to support our phase 1 drilling at shallow and moderate depths while delineating additional targets throughout the 23,000-acre property package for subsequent campaigns," stated Joness Lang, chief executive officer of Canter Resources. "We are actively updating our 3-D model to integrate our expanded dataset and reprocessed geophysics. Initial observations continue to validate our phase 1 program and highlight a significant brine target at Columbus."

During a recent trip to site, the company's geologists completed a single, one-metre (approximately three feet) deep auger hole approximately 500 metres east of the first planned exploration well at Columbus. The small portable auger rig was not suitable for reaching the interpreted upper brine layer depth, however, the company still collected a sediment sample at the bottom of the test hole that returned a value of 430 ppm Li. The company will test the upper brine layer during its future Geoprobe campaign.

The historical dataset was obtained from a reliable source and includes original lab assay certificates, GPS (Global Positioning System) co-ordinates and detailed quality assurance/quality control (QA/QC) protocols and technical reports, however, the company is still treating this dataset as historical. The company views these data as relevant from a targeting perspective and a guide for its own exploration model but is not relying on the data for any other purpose. To further validate and augment these data, the company will collect additional surface sediment and brine samples in the coming weeks, concurrently with its shallow Geoprobe drilling (see press release dated March 6, 2024).

Reprocessing of historical gravity data, incorporating data from both regional and property-specific surveys, has identified a prominent gravity anomaly within the basin. This anomaly is indicative of a substantial layer of low-density sediment that may extend to depths exceeding 3,300 metres.

Canter Resources has also integrated airborne magnetic and radiometric data from the USGS-DOE collaboration. These data, underpinned by a comprehensive reinterpretation by Wright Geophysics, have highlighted the intricate structural dynamics at play within the Columbus basin. The detailed overlay of this geophysical data with the company's conceptual model of structural kinematics has not only affirmed the presence of a closed structural basin but has also sharpened understanding of the basin's geology.

This synthesis of airborne magnetic survey data with structural interpretation provides a view into the basin's subsurface, revealing insights into fault orientations and movements. The analysis delineates the complex interplay of the Coaldale fault, CSM fault and their interaction with the broader tectonic regimes of the Walker Lane and Mina deflection, underscoring the basin's potential for lithium enrichment.

Corporate update note

Further to the company's news release of March 14, 2024, the company wishes to clarify that Gordon Holmes, a director and officer of Streetwise Reports, owns 250,000 common shares of the company. Streetwise Reports was engaged by the company to create image ads for use on various Streetwise Reports digital platforms and to create a company profile page to be hosted on Streetwise Reports.

Historical results and QA/QC

All historical results quoted herein are based on historical data and reports obtained and prepared by previous operators. Other than the verification procedures described in this news release, the company has not undertaken work to verify results and there is no assurance as to the accuracy or completeness of included information. The company considers this historical data to be relevant as the company will use this data within its exploration models and databases to guide future exploration programs, and it should not be used for any other purpose. The company considers the data to be reliable for these purposes, however, the company's future exploration work will include additional verification of the data through further confirmation sampling in priority target areas.

The sampling procedure for the company's 430 ppm Li result involved auger drilling down to approximately three feet below the surface to penetrate the surface playa crust and access the underlying clay zone, which exhibited an olive green colour change indicative of potential mineralogical variations. The collected sample was then analyzed at ALS in Reno, Nev., employing the LiICP-61 protocol, a specialized test focused on lithium detection. This analysis utilized a four-acid digestion and ICP-AES (inductively coupled plasma atomic emission spectroscopy) finish with a low-temperature drying process designed to minimize the volatilization of lithium.

Qualified person (QP)

The technical information contained in this news release was reviewed and approved by Eric Saderholm, PGeo, director and technical adviser 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 1 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.