Canterra Minerals Announces Share Consolidation

Suite 1020 - 625 Howe Street, Vancouver, British Columbia V6C 2T6

Telephone: 604-687-6644 Facsimile: 604-687-1448 E-Mail: [email protected]

NEWS RELEASE

July 20, 2020 TSX Venture: CTM

CANTERRA MINERALS ANNOUNCES SHARE CONSOLIDATION

Vancouver, BC – Canterra Minerals Corporation (CTM -TSX.V) (“Canterra” or “the Company”) announces that the

TSX Venture Exchange has (the “Exchange”) approved a share consolidation of the outstanding share capital of the

Company (the "Consolidation") of the Company’s common shares on the basis of ten (10) pre-Consolidation common

shares for one (1) post-Consolidation common share.

The Consolidation will be effective at the open of the market on Wednesday, July 22, 2020 (the "Effective Date") .

The Company will not change its name as part of the Consolidation, but commencing on the Effective D ate, the

Company’s shares will trade on the TSX Venture Exchange (the “Exchange”) on a post -Consolidated basis under a

new CUSIP number, which is 138134200 (ISIN: CA1381432007) . The Company's common shares w ill continue to

trade on the Exchange under its current symbol "CTM".

The Company currently has 89,864,870 common shares issued and outstanding . As at the Effective Date the

Company will have approximately 8,986,487 post-Consolidated common shares issued and outstanding . No

fractional shares will be issued under the share consolidation and any fraction will be rounded down to the nearest

whole number.

No action is required to be taken by security holders with respect to the Consolidation and outstanding certificates

representing the Company common shares will not need to be e xchanged. Registered shareholders wishing to

replace their share existing cert ificates with new share certificates reflecting the new CUSIP and post -Consolidated

number of shares ma y do so by returning their original share certificate to the Company’s transfer agent,

Computershare Trust Company of Canada (“Computershare”) at the address below, together with a signed direction

instructing Computershare issue the registered shareholde r a new certificate representing C onsolidated common

shares of the Company:

By Mail P.O. Box 7021 By Hand or Courier 100 University Avenue

31 Adelaide St E 8th Floor

Toronto, ON M5C 3H2 Toronto, ON M5J 2Y1

Attn: Corporate Actions Attn: Corporate Actions

Registered shareholders having questions about exchanging their existing share certificate for a new share certificate

representing post-Consolidated shares may direct their questions to Computershare Trust Company of Canada at 1-

800-564-6253 or by e-mail to [email protected].

CANTERRA MINERALS CORPORATION

Randy Turner, President & CEO

For further information, contact Randy Turner, President at 604-687-6644 or [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of

this new release.