Mr. Joness Lang reports

CANTER RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to the news release of Sept. 3, 2025, Canter Resources Corp. has closed its non-brokered private placement, raising gross proceeds of $1.05-million through the issuance of 5.25 million units of the company at a price of 20 cents per unit.

Each unit consisted of one common share and one-half of one transferable common share purchase warrant, with each whole warrant exercisable to purchase one additional share at a price of 26 cents for two years from the date of issuance.

No finders' fees were paid in connection with the private placement. All securities issued under the private placement are subject to statutory hold periods pursuant to securities laws in Canada and a voluntary 12-month lock-up period.

The company intends to use the net proceeds from the private placement to continue advancing its Columbus lithium-boron project and its Railroad Valley lithium-boron project, to evaluate and pursue additional projects, and for general working capital purposes.

Insiders of the company purchased 225,000 units in the private placement. The participation by such insiders in the offering constituted a related-party transaction as defined under Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).

About Canter Resources Corp.

Canter Resources is a junior mineral exploration company advancing the Columbus lithium-boron project and the Railroad Valley 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-metal-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.