Canterra Minerals Corporation reported new drill results from its ongoing 10,000 metre drill program at its 100% owned Buchans Project, located in Newfoundland's prolific Central Mining District. The project sits in a proven mining district, just 50 km north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's past producing Duck Pond Mine. Drillhole H-25-3538 Delivers Long, High-Grade Interval (1&2): 60.70 metres grading 0.85% CuEq (0.39% Cu, 1.00 % Zn, 0.55% Pb, 2.5 g/t Ag & 0.03 g/t Au) from just 15.3 m to 76 m below surface.

including 4.7 metres of 2.29% CuEq (1.19% Cu, 2.25% Zn, 1.27% Pb, 9.3 g/t Ag & 0.,06 g/t Au). Broad sulphide stockwork mineralization extends below the current resource, suggesting potential for larger open pit mineral resource. Results confirm strong copper distribution, an increasingly valuable component of the Lundberg deposit.

The 60.7-metre intersection is one of the longest continuous mineralized intervals drilled on the project to date. Importantly, the existing resource was based on a conservative copper price of just USD 3.00/lb, well below today's much stronger copper market price. Samples consist of saw-cut (NQ drill core) with one-half retained for reference and one-half submitted for analyses.

Samples were submitted in sealed plastic bags delivered by Canterra personnel to SGS Canada's preparatory facility in Grand Falls-Windsor, Newfoundland. Sample batches consisted of core samples, control standards, blanks and duplicates. Once prepared, pulps (SGS procedure code PRP89) were shipped to SGS Canada's laboratory in Burnaby, BC to be homogenized and subsequently analyzed for multi-element assays (including Cu, Pb, Zn, Ag and Au) using sodium peroxide fusion with ICP-OES finish (codes GE_ICP90A50 for Cu, Pss, Zn, Ag, GE_AAS22E50 for Ag by-2-acid digestion by AAS, and GE_FAA30V5 for Au by 30g Fire Assay by AAS).

Overlimit assays were completed as necessary by pyrosulphate fusion/XRF for Cu, Pb, ZN (code GO_XRF70V) and Ag by 30g Fire Assay, gravimetric (code GO_FAG37V). SGS Natural Resources analytical laboratories operate under a Quality Management System that complies with ISO/IEC 17025. SGS CANADA's minerals laboratory in Burnaby is accredited by the Standards Council of Canada (SCC) for specific mineral tests listed on the scope of accreditation to the ISO/IEC 17025 standard.