Canterra Grants Annual Equity Incentives
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Canterra Grants Annual Equity Incentives
Vancouver,B.C.(February21,2025)–CanterraMineralsCorporation(TSXV:CTM)(OTCQB:CTMCF)
(FSE:DXZB)(“Canterra”orthe“Company”)todayannouncesthatithasgrantedatotalof5,830,125stock
options(the“Options”)tocertaindirectors,officers,employees,andconsultantstotheCompany,pursuant
tothetermsoftheCompany’sequityincentiveplanandsubjecttoregulatoryapproval.TheOptionsare
exercisableatapriceof$0.08pershareforaperiodoffiveyearsfromgrantandaresubjecttotime-based
vesting.
The Company has also granted a total of 1,125,000 deferred share units to certain directors of the
Company,andatotalof984,375restrictedshareunits(“RSUs”)tocertainofficersoftheCompany.The
RSUswillvestequallyoverthreeyears,beginningoneyearfromthedateofgrant.
CanterraalsoannouncesthatithasengagedSparkNewswiretoprovidemarketingconsultingandinvestor
relations services to the Company. Spark Newswire is based in Vancouver, B.C., and will guide the
Companyinbuildingmarketawareness,engagingwithexistingandpotentialinvestors,andassistingon
generalmarketstrategy,brandstrategy,andoverallgrowth.SparkNewswirecommencedworkingwiththe
CompanyonFebruary14,2025,waspaid$60,000uponsigningtheagreementfortheirservices,andwas
granted3,890,125oftheOptions.OptionsgrantedtoSparkNewswirewillvestpursuanttothepoliciesof
theTSXVentureExchange.TheSparkNewswireagreementisforaninitialthree-monthtermand,unless
cancelledinwritingfifteendayspriortotheexpirydate,willautomaticallyrenewinthreemonthincrements
untilcancelled.Companydealsatarm’slengthwithSparkNewswire.
About Canterra Minerals
Canterra is a diversified minerals exploration company focused on critical minerals and gold in central
Newfoundland.TheCompany’sprojectsincludesixmineraldepositslocatedincloseproximitytotheworld-
renowned,pastproducingBuchansmineandTeckResources’DuckPondminethatcollectivelyproduced
copper,zinc,lead,silverandgold. SeveralofCanterra’sdepositssupportcurrentandhistoricalMineral
ResourceEstimatespreparedinaccordancewithNationalInstrument43-101andtheCanadianInstitute
of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves
currentattheirrespectiveeffectivedates.Canterra’sgoldprojectsarelocatedon-trendofCalibreMining’s
Valentineminecurrentlyunderconstructionandcovera~60kmextensionofthesamestructuralcorridor
that hosts mineralization within Calibre’s mine project. Past drilling by Canterra and others within the
Company’s gold projects intersected multiple occurrences of orogenic style gold mineralization within a
largelandpositionthatremainsunderexplored.
ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION
Chris Pennimpede
President & CEO
AdditionalinformationabouttheCompanyisavailableat www.canterraminerals.com
Forfurtherinformation,pleasecontact:+1(604)687-6644
Email:[email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements that constitute “forward-looking information” (collectively, “forward-
looking statements”) within the meaning of the applicable Canadian securities legislation, including
statementswithrespecttoestimatedmineralresources,theopeningofavenuesforsubstantialdiscoveries
within the belt, the Buchans Project being ripe for a modern approach with significant exploration potential
for high grade VMS mineralization, the Company anticipating being strongly positioned to unveil the next
mineral discovery in central Newfoundland. All statements, other than statements of historical fact, are
forward-lookingstatementsandarebasedonexpectations,estimatesandprojectionsasatthedateofthis
news release. Any statement that discusses predictions, expectations, beliefs, plans, projections,
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objectives, assumptions, future events or performance (often but not always using phrases such as
“expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”,
“scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or
stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or
be achieved) are not statements of historical fact and may be forward-looking statements. Consequently,
there can be no assurances that such statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such statements. Except to the extent required by
applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no
obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or
other factors, should change. Factors that could cause future results to differ materially from those
anticipatedintheseforward-lookingstatementsincluderisksassociatedpossibleaccidentsandotherrisks
associated with mineral exploration operations, the risk that the Company will encounter unanticipated
geological factors, the possibility that the Company may not be able to secure permitting and other
governmental clearances necessary to carry out the Company’s exploration plans, the risk that the
Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political
uncertainties and regulatory or legal changes that might interfere with the Company’s business and
prospects.; as well as those risks and uncertainties identified and reported in the Company's public filings
under its SEDAR+ profile at www.sedarplus.ca. Accordingly, readers should not place undue reliance on
the forward-looking statements and information contained in this press release. Except as required by law,
the Company disclaims any intention and assumes no obligation to update or revise any forward-looking
statements to reflect actual results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking statements or otherwise.