Canterra Minerals Corporation Reports Three Additional Drill Holes Which Return High-Grade Drill Results from Its Buchans Project in Newfoundland's Central Mining District

Canterra Minerals Corporation reported three additional drill holes which returned high-grade drill results from its Buchans Project in Newfoundland's Central Mining District, where the Company is advancing a fully funded, 10,000-metre drill program. The latest holes at the Pumphouse target intersected high-grade copper and base metal mineralization 800 metres northeast of Canterra's Buchans Lundberg Deposit and the past producing Buchans Mine, further demonstrating the area's potential to host multiple high-grade mineralized zones. Following this success, Phase II drilling has commenced.

This next phase will test high-priority geophysical anomalies identified by a recent 3D IP survey, targeting potential new zones of high-grade sulphide mineralization across the broader project area. The project includes the world-renowned past producing Buchans mine and is situated just 50 kilometres north of Equinox Gold's Valentine Gold Mine and 34 km northwest of Teck's past producing Duck Pond Mine. Drill Highlights at the Pumphouse Target.

4.07% CuEq over 4.20 m, including 12.04% CuEq over 1.20 m (drillhole H-25-3536, from 297 m depth); 6.66% CuEq over 2.35 m, Including 11.48% CuEq over 1.,05 m (H-25-3534, from 294 m depth); 6.35% CuEq over 0.26 m, (H-25-3535, from 333m depth) These intercepts confirm high-grade Buchans-style massive sulphide mineralization, with significant copper, zinc, lead, silver, and gold values. Importantly, all three holes hit mineralization, supporting Pumphouse as a near-term target for resource expansion and its potential to quickly add high-grade mineralization to the resource base. The results confirm that the Pumphouse Target is structurally bound by major features in both the hanging wall and footwall, with the zone remaining open and untested down plunge to the northwest-a priority for future drilling.

Two new drill targets have been generated from the first results of the 3DIP Array surveys and are currently being drilled, while the results of the remaining two-thirds of the survey are pending: Oriental Area: Drilling is targeting a 3DIP anomaly occurring at less than 200 m depth, ~200 m northwest of the former Oriental Mine (hist historical production3 - 3.3 million tonnes @ 1.47% Cu, 14.18% Zn, 7.90% Pb, 154.0 g/t Ag & 1.96 g/t Au; Approximately 8,000 metres of drilling will be dedicated to testing new 3DIP targets across the Project, seeking high-grade orebodies comparable to those that established Buchans as one of the world's highest grade VMS camps. 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, Pb, 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).