Boron One Announces Closing of Second Tranche of Financing

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BORON ONE HOLDINGS INC.

NEWS RELEASE – for immediate release

Boron One Announces Closing of Second Tranche of Financing

November 3, 2023

Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV: BONE]") is pleased to announce that it has

closed the second tranche of its non -brokered Unit Private placement (the “Financing”). In the first tranche the

Company raised proceeds of $457,000 through the sale of 9,140,000 Units. In the second tranche the Company

accepted subscriptions for 2,436,000 Units at a price of $0.05 per unit, for gross proceeds of $121,800. The

Company paid finders fees on the second tranche to a qualified finder of $500.

Pursuant to the terms of the Financing, each unit is comprised of one common share and one 18 month share

purchase warrant. Each warrant is exercisable at $0.07 in the first six months and $0.12 for the remaining 12 months.

The Company has the option to accelerate the expiry date if the stock trades at $0.15 for 10 trading days during the

first six months, and trades at $0.25 during the next twelve months.

The Company intends to use the net proceeds of the Offering for general working capital.

Securities issued on this closing are subject to a statutory hold period until March 7, 2024.

On behalf of the Board of Directors,

Tim Daniels, President

About Boron One Holdings Inc.

Boron One Holdings Inc. is an international mineral exploration and development company with boron assets in

Serbia. Headquartered in Victoria, B.C., Canada, Boron One’s shares are traded on the TSX Venture Exchange

under the symbol "BONE". For detailed information please see Boron One's website at www.boronone.com or the

Company's filed documents at www.sedar.com..

For further information, please contact: Boron’s Public Quotations:

Boron One Holdings Inc. Canada

Blake Fallis, General Manager TSX Venture: BONE

Phone: 1-250- 384-1999 or 1-888-289-3746 Berlin: EKV

[email protected] US: SEC 12G3-2(B) #82-4432ERVFF

www.boronone.com OTCBB: ERVFF

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.