Mr. Tim Daniels reports

BORON ONE APPLIES FOR NEW EXPLORATION LICENCE

Boron One Holdings Inc. has applied for a new three-year exploration licence for the Piskanja project area. The licence is intended to replace Boron One's previously issued exploration licence covering the same area, which expires in January, 2027.

The licence application is intended to maintain the company's exclusive exploration rights over the project area as it advances the exploitation field approval process and continues to evaluate opportunities to expand the known mineral resource at Piskanja.

The exploration program proposed under the licence includes stepout drilling designed to test extensions of the known mineral resource at Piskanja as the deposit remains open to the west and south. Previous drill holes completed approximately 200 metres beyond the current resource boundaries in those directions intersected borate mineralization of potentially economic thickness and grade. The proposed program is intended to evaluate the continuity and extent of this mineralization and to assess its potential to support future mineral resource expansion.

Additionally, the company plans to undertake infill drilling in the central portion of the deposit to support conversion of existing mineral resources to the measured category and to evaluate the potential inclusion of lower-grade mineralized intervals in future mineral resource estimates.

About the Piskanja boron project

The Piskanja project is a boron deposit with a measured mineral resource of 1.05 million tonnes (averaging 34.78 per cent B2O3), and an indicated mineral resource of 6.09 million tonnes (averaging 31.99 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves, as disclosed in the company's report titled, "Technical Report and Preliminary Economic Assessment For the Piskanja Borate Project, Serbia, Oct. 12, 2026." The responsible person for the PEA and the mineral resource estimate contained within is Prof. Miodrag Banjesevic, PhD, PGeo, EurGeol, a qualified person in accordance with the CIM Definition Standards on Mineral Resources and Reserves, independent of Boron One.

About Boron One Holdings Inc.

Boron One is a leading company dedicated to advancing the decarbonization of the planet through the responsible utilization of its boron assets. With a commitment to environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the world's carbon footprint and supporting a cleaner, greener future for all. Boron is a critical industrial mineral used in a wide range of applications, including agriculture, energy storage, fibreglass, ceramics, detergents and advanced materials.

Headquartered in Victoria, B.C., Canada, Boron One has shares traded on the TSX Venture Exchange under the symbol BONE.

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