Canter Resources Corp. reported that the Company has received additional permits and has expanded its Phase I Geoprobe drill program at the Company's Columbus Lithium-Boron Project ("Columbus" or the "Project"), located near Tonopah, Nevada. The Company is targeting lithium and boron enriched sediment and brine samples from this first phase of drilling within the upper 100 feet (30 metres) at Columbus.

The Company's expanded drill plan (15+ drill holes) will include a series of Geoprobe holes to the west where the 3D modeled HSAMT resistivity shells remain open and previous surface sampling returned highly anomalous lithium values. A total of 22 locations have now been permitted for Geoprobe drilling and the Company continues to apply for additional permits in anticipation of completing a second phase of drilling with Cascade Drilling LP utilizing a different Geoprobe rig model that is expected to allow the Company to reach depths of up to 150 feet (45 metres). The gravel transport and stockpiling work that was carried out by Merritt Construction for exploration well drill site preparation has now been completed.

The expanded Phase I Geoprobe drill campaign is expected to conclude by mid-May, with assay results expected two to four (2-4) weeks after program completion. Boron Market & Potential at Columbus. The boron market is rapidly emerging as a critical mineral due to its use in numerous high-tech and clean energy applications, making the presence of boron mineralization at the Columbus Project potentially significant.

The boron market are expected to grow to more than $3 billion by 20271 with Rio Tinto's US Borax and Turkey's state-owned Eti Maden collectively accounting for an estimated 85% of global supply. Significant boron deposits are recognized as being rare and the Company considers the potential for significant boron concentrations at Columbus to be excellent. Past borax production at Columbus (late 1800's), significant boron concentrations at Ioneer's ($300 million market capitalization) feasibility-stage Rhyolite Ridge Project (sediment/clay-hosted) located 17 miles from Columbus (sharing the same volcanic source rocks) and significant historical boron values in sedimentary units from historical drilling at Columbus underpin the discovery potential.

The additional Geoprobe drill hole locations are spaced at approximately 1 kilometre ("km") and will fill current data gaps within the western portion of the Project and provide initial shallow testing for lithium and boron approximately 2 km to the west of the <0.5 ohm-metre HSAMT anomaly that is open in that direction. The Company is in the process of preparing an additional 10-20 permit applications for further planned Geoprobe drilling that will include additional locations to the south of the Company's completed north-south grid and locations to the north where one of two known geothermal inputs is located. Geothermal activity is an important mechanism for liberating lithium and boron from sediments into brines and the fact there are known geothermal inputs along structures at both ends of the basin provides additional support for enriched brine potential at Columbus.

Phase II Geoprobe drilling could commence as early as late May.