Canterra Minerals Corporation announced prospecting results from its Victoria Project, located in the central Newfoundland Mining District. The Victoria Project is located approximately 10 km southwest of the community of Millertown, approximately 8 km north of the Company's Bobby's Pond deposit, and approximately 25 km north of the Company's Lemarchant Project, which recently underwent a diamond drilling exploration campaign. The Victoria Project includes an adit, shafts, and drifts that were mined during the turn of the nineteenth century for massive sulphide mineralization, including high-grade copper mineralization. Commercial production was never declared, and mining was only conducted on a small scale. The Victoria Project was subsequently explored by both Noranda in the 1990s and Celtic Minerals Ltd. between 1999 and 2007. The Project is comprised of two mineral leases within the Tulks volcanic belt that hosts Canterra's Bobby's and Daniel's Pond deposits. Canterra's Bobby's Pond Project is situated approximately 10 km south of the Victoria Project and is host to a historical mineral resource estimate comprised of indicated resources totaling 1.1 million tonnes averaging 0.9% Cu, 4.6% Zn,0.3% Pb, 0.2g/t Au, and 16.6g/t Ag and inferred resources totaling 1.2 million tonnes averaging 1.0, % Cu, 3.8% Zn, 2.5% Pb, 0.06g/t Au, and 11.0g/t Ag. Canterra's Daniel's Pond Project is situated 10 km south of the Bobby's Pond Project and is located in the same geological belt. The Daniel's Pond Project is host to a historical mineral resource estimate totaling 929,000 tonnes
averaging 5.1% Zn, 0.3% Cu, 2.5% Pb, 0.6g/t Au, and 101.4g/t Ag and inferred resources totaling 332,000 tonnes averaging 4.6% Zn, 0.3% Cu, 2.1% Pb, 0.53g/t Au and 85.9 g/t Ag. Canterra would like to acknowledge the financial support it may receive from the Junior Exploration Assistance Program from the government of Newfoundland and Labrador related to its exploration efforts throughout 2024. Paul Moore MSc. P.Geo. (NL), Vice President of Exploration for Canterra Minerals Corporation, a Qualified Person within the meaning of National Instrument 43-101, has reviewed the technical disclosure in this news release for accuracy and either prepared or supervised its preparation.