Canterra Minerals drills 16 m of 1.72% CuEq at Buchans

Executive Summary

• Canterra Minerals released its first drill results from the Clementine prospect, intersecting 16 m @ 1.72% CuEq (including 3.15% CuEq over 2 m) and 3 m @ 2.64% CuEq (including 4.02% CuEq over 1 m).
• Results confirm high‑grade, Buchans‑style mineralization at the edge of historic zones and correlate with a large untested chargeability anomaly from a recent 3‑D IP survey, suggesting a larger target to the south.
• The company has mobilized a second drill rig and plans immediate follow‑up drilling, focusing on the Clementine South area within its ongoing 10,000 m drill program.

Key Details

• Hole H-25‑3546: 1.72% CuEq over 16.0 m from 271.6 m depth; includes 3.15% CuEq over 2.0 m.
• Hole H-25‑3545: 2.64% CuEq over 3.0 m from 332 m depth; includes 4.02% CuEq over 1.0 m.
• Both intervals contain gold and silver credits typical of Buchans‑style mineralization.
• Intercepts extend known high‑grade, breccia‑hosted sulphide zones beyond historic drilling, demonstrating true mineralized thickness >10 m in H‑25‑3546.
• Results align with a large chargeability anomaly identified by a newly completed deep‑penetrating 3‑D IP survey, indicating potential for a larger, higher‑grade zone to the south of Clementine.
• Company has mobilized a second drill rig to continue the 10,000 m Buchans project program and will prioritize follow‑up drilling on the “Clementine South” targets identified by the IP survey.
• Exploration assistance may be received from the Government of Newfoundland and Labrador’s junior exploration assistance program for the 2025 program.

Notable Quotes

“These first results from Clementine validate our exploration model and belief that our Buchans project has the potential to host multiple high‑grade mineralized zones… The correlation with a large IP anomaly to the south gives us a compelling large‑scale target to test.” – Chris Pennimpede, President & CEO

Qualified Person: Paul Moore, MSc, PGeo (Newfoundland), Vice‑President of Exploration, reviewed and approved the technical disclosure.