Mr. Tim Daniels reports

JARANDOL BASIN EXPLORATION PROGRAM UPDATE

Boron One Holdings Inc.'s wholly owned operating subsidiary, Balkan Gold doo, has commenced the implementation of this season's field exploration works on its Jarandol basin licence area in Serbia. The Jarandol basin licence, a 21-square-kilometre area, is directly adjacent to the company's Piskanja borate deposit.

This season's exploration at Jarandol is planned to include:

• Geological mapping at a scale of 1 to 2,500;
• 75 soil samples;
• Three trenches, with 33 trench samples;
• Four drill holes (totalling approximately 1,400 metres);
• 120 core samples;
• 65 petro samples.

The purpose of this season's fieldwork is to test high-value drill targets within the basin for potential boron content, which were identified as a result of previous fieldwork. Previous exploration by Balkan Gold has shown that the Jarandol basin has the potential to host extensions to the company's Piskanja boron deposit and/or to the Pobrdje boron mine (located 2.5 kilometres away on the other extremity of the basin), as both of these deposits remain unbounded toward the centre of the basin. In addition, the basin holds the potential to host additional, unrelated boron deposits.

About the Jarandol basin project

The Jarandol exploration licence (received in April of 2024 and valid for three years) covers 21.03 square kilometres and is extendable up to a total of eight years, subject to Serbian mining regulations. The Jarandol basin licence contains all the land within the basin, which is prospective for boron, including the territory directly adjacent to, and in between, the company's 100-per-cent-owned Piskanja boron project on the eastern edge of the basin, and the government-owned Pobrdje boron mine, located 2.5 km away from Piskanja on the opposite edge of the basin.

The Jarandol basin is a historical mining district in southern Serbia, which hosts two known boron deposits and an operating coal mine. The basin contains excellent infrastructure for mining (having hosted mining operations continuously for more than 100 years), including paved roads, rail, power, experienced miners and sufficient support industries, located 250 km south of Belgrade by all-season, paved roads.

In a previous drill program conducted by Balkan Gold, at a location in the basin approximately midway between the Piskanja and Pobrdje deposits, six exploratory drill holes returned occurrences of borates. Three of the six drill holes intersected occurrences of borates that exceed the company's economic criteria for grade and thickness. Two of the six drill holes intersected one boron layer of potential economic grade and thickness, while a third drill hole intersected two distinct prospective boron layers. Mineralized intervals included one intersection of 1.88 metres averaging 41.33 per cent B2O3, a second intersection of 1.3 metres averaging 41.88 per cent B2O3 and a third intersection of 1.75 metres averaging 39.71 per cent B2O3 (as previously reported by the company in a news release on Dec. 22, 2015).

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 wholly owned boron assets in Serbia. 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.

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

Qualified person

Nenad Rakic, EurGeol, Piskanja project field manager, a qualified person as defined by National Instrument 43-101, has reviewed the technical information that forms the basis for this news release, and has approved the disclosure herein.

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