Canterra Minerals Corporation announced the staking of prospective Ni-Cu-PGE mineral claims in the prolific Ring of Fire region in Ontario, Canada. This is an opportunistic acquisition that leverages the Company's extensive exploration database in the region and is consistent with the Company's broader critical mineral exploration strategy focused on underexplored and prospective regions of Canada. The Company's 100%-owned Ring of Fire Project comprises 3,011 hectares acquired through staking, 40 km SW of the Ni-PGE Eagles Nest Deposit.

The Project is located in an area considered to be highly prospective for metal deposits, particularly nickel and platinum group elements, but remains underexplored due to a lack of bedrock exposure in the James Bay Lowland Region, allowing for an excellent opportunity for high grade critical mineral discoveries ahead of infrastructure development. This area has not been drilled previously and contains several high priority drill targets and VTEM anomalies. The Company's predecessors, Diamondex Resources Ltd. ("Diamondex") previously held more than 160,000 hectares in the James Bay Lowlands Region of Ontario, and Canterra's historical database of Diamondex exploration includes: Over 12,500 line km of heli-airborne VTEM, Seven diamond drill holes (1,700 metres) with Borehole Pulse EM, 12 Surface Pulse EM survey lines, Over 70 ranked geophysical VTEM anomalies.

The newly staked claims contain several of the top anomalous geophysical targets located in geology that is analogous to the host rocks for the Eagles Nest Deposit. Mafic to ultramafic intrusive rocks are host to many magmatic nickel sulphide deposits and the staking targeted this geological rock type containing known EM anomalies. These datasets also identify other prospective targets in the region, some of which remain available for acquisition, that may be acquired in the future.