Canter Resources Advances Gravel Work and Provides Geoprobe Drilling Update at Columbus

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Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - Canter Resources Corp. (CSE: CRC) (OTC Pink: CNRCF) (FSE: 601) ("Canter" or the "Company") is pleased to report that the Company has commenced gravel transport and stockpiling (see Image 1) in preparation for well drilling at its Columbus Lithium-Boron Project (the "Project", or "Columbus") located near Tonopah, Nevada. The gravel work is being completed by local contractor, Merritt Construction, concurrent with the ongoing Geoprobe drill campaign that is approaching the halfway mark with four (4) holes now completed (see Images 2-3).

"Our field activities continue to ramp up with our first phase of gravel work commencing concurrent with our Geoprobe drilling, so our technical group can oversee both contractors simultaneously. I'm pleased to report that the Company's ongoing 10-hole Geoprobe campaign has encountered two distinct aquifer zones within the upper 30 metres at Columbus," commented Canter CEO, Joness Lang. "We have collected two brine samples at similar depths in each hole across a north-south strike length of 1.2 kilometres to-date and hope to see this pattern continue as we aim to demonstrate lateral continuity of these shallow brine generating layers."

The Company is targeting anomalous lithium, boron and potassium mineralization in both the sedimentary clays (see Image 2) and shallow brine units (see Image 3) from this first phase of shallow Geoprobe drilling. There are distinct differences in composition between the two brine generating zones encountered to-date, with the upper zone at approximately 10-metre depth returning a darker brine within a relatively confined zone and a second significantly broader zone yielding a nearly clear brine at depths between 15-25 metres. The Company's larger-scale target at Columbus remains for testing at greater depths where lithium and boron enriched brines are likely to follow subvertical structures, trap and concentrate; however, the Geoprobe drilling accomplishes multiple objectives by providing valuable geologic and geochemical subsurface profiling across a greater lateral footprint while testing for lithium and boron mineralization within the shallow conductive layers produced by previous MT surveys (see press release dated March 20, 2024).

The 10-hole program is expected to take approximately one more week to complete, with results and interpretations from the Geoprobe program to be released once assays are received and vetted by the Company's technical personnel. The Company is following strict QA/QC protocol and procedures for brine sampling (see QA/QC section for more information).