Mr. Joness Lang reports

CANTER RESOURCES COMPLETES DEBT SETTLEMENTS

Further to its news release of July 7, 2025, Canter Resources Corp. has issued an aggregate of 2.2 million common shares in the capital of the company at a deemed price of seven cents per share to settle debts owing pursuant to past management, consulting, accounting and other services provided to the company for a total amount of $154,000 (excluding goods and services tax).

Joness Lang, chief executive officer and a director of the company, received 1.45 million shares through a company he owns and operates; Alnesh Mohan, the chief financial officer of the company, received 392,857 shares through a company he owns and operates; and Warwick Smith, the executive chair and a director of the company, received 357,143 shares through a company he owns and operates.

As a result, the debt settlements are considered a related party transaction (as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions). The company relied upon sections 5.5(b) (Issuer Not Listed on Specified Markets) and 5.7(a) (Market Value Not More than $2.5-million) and exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

The shares issued in connection with the debt settlements are subject to a statutory hold period of four months following the closing of the debt settlements in accordance with applicable securities legislation.

About Canter Resources Corp.

Canter Resources is a junior mineral exploration company advancing the Columbus lithium-boron project and the Railroad Valley (RV) lithium-boron project in Nevada, United States. The company is completing a phased drilling approach at Columbus to test highly prospective brine targets at varying depths for lithium-boron enrichment 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 technology and domestic clean energy supply chains in North America.

We seek Safe Harbor.