Canterra Minerals Appoints Matt Manson to Board of Directors and Grants Annual Equity Incentives

Executive Summary

• Matt Manson appointed to Canterra’s Board of Directors; Michael Power retires from the board.
• Company grants 1,505,000 stock options, 1,257,500 deferred share units and 300,000 restricted share units to directors, officers, employees and consultants.
• Entered into a twelve‑month investor‑relations consulting agreement with Peterson Capital for CAD 85,000; also granted 250,000 additional options related to the agreement.

Key Details

• Board Changes:
• Matt Manson – geologist/mining executive, now Director.

• Michael Power – retiring Director.

• Equity Incentive Grants (total):

• 1,505,000 stock options @ $0.20 per share, 3‑5 year term, time‑based vesting.
• 1,257,500 deferred share units (DSUs) – vest one year from grant date.

• 300,000 restricted share units (RSUs) – vest equally over three years, beginning one year after grant.

• Additional Grant Linked to Consulting Agreement:

• 250,000 stock options @ $0.20 per share, 36‑month term, vesting 25 % every three months starting three months after grant.

• Consulting (Investor Relations) Agreement – “Peterson Agreement”:

• Effective: February 3 2026.
• Consultant: Grignan Holdings Ltd. dba Peterson Capital (Edmonton, AB).
• Services: Investor outreach, marketing initiatives, introductions to investor groups, support for corporate structure and financing strategies, development of presentation materials, dissemination of approved information.
• Term: 12 months; fee: CAD 85,000 payable from working capital; subject to TSX‑V approval.

Notable Quotes

• Chris Pennimpede, President & CEO: “We are very pleased to welcome Mr. Manson to Canterra’s Board of Directors… his insight and experience … will be highly valuable as we continue to advance our adjacent gold and critical minerals projects in Newfoundland.”

Materiality Assessment: Non‑Material – Neutral (routine governance and compensation updates without material operational or financial impact).