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Canterra Minerals Announces the Appointment of Dr. Luke Longridge as Vice President of Exploration and Strengthens Advisory Committee

Management Changes

Suite 580, 625 Howe Street

Vancouver, British Columbia

V6C 2T6 Canada

e: [email protected]

p: +1 (604) 687-6644

w: canterraminerals.com

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Canterra Minerals Announces the Appointment of Dr. Luke Longridge as Vice President of

Exploration and Strengthens Advisory Committee

Vancouver, B.C. (August 31, 2021) – Canterra Minerals Corporation ( TSXV:CTM) (OTCQB: CTMCF) (“Canterra” or

the “Company”) is pleased to announce the appointment of Dr. Luke Longridge to the position of Vice President,

Exploration (“VPx”), bolstering its highly experienced technical team.

Dr. Longridge is an exploration geologist with more than 15 years of mineral exploration experience, with a focus on

Canada and Africa. Dr. Longridge has spent the last three years as CSA Global’s Senior Structural Geologist consulting

on gold and other commodity explo ration projects across the globe. Prior to joining CSA Global , Dr. Longridge

worked with Bushveld Minerals Limited as Exploration Manager, involved in the discovery and development of

several deposits. During his career, Dr. Longridge has managed exploration activities on a variety of deposit types

and geologic terranes, developing a strong technical understanding of orogenic, epithermal and intrusion related

gold systems.

“Luke brings a wealth of mineral exploration experience from across the globe in all types of gold deposit settings

and has been successful in both expanding deposits and making discoveries in various mineralization settings from

Africa to Canada. We are very excited to have him join the Canterra team and begin leading the fall drill program on

the Wilding Gold Project on the island of Newfoundland.” stated Chris Pennimpede, President & CEO of Canterra.

Dave T.W. Evans, Exploration Manager for Canterra, is set to retire this fall and will continue to contribute to the

success of the Company as a Technical Advisor. Canterra would like to thank Dave for guiding the team through its

first winter drill program in early 2021 and spearheading summer exploration work at Wilding.

About Canterra Minerals

Canterra is earning a 100% interest in the Wilding and Noel Paul Gold Projects, located 50km south, by logging road,

from Millertown and directly northeast of Marathon Gold’s Valentine Lake Gold Project in Central Newfoundland .

The 285km2 property package includes 50km of the northeastern strike-extension of the Rogerson Lake Structural

Corridor, which hosts Marathon Gold’s Valentine L ake deposits, Matador Mining’s Cape Ray deposit, Sokoman’s

Moosehead discovery and T RU Precious Metals’ Golden Rose and Twilight discoveries . A $2.75 million exploration

program is underway, focusing on drilling and surface exploration on the Wilding Gold Project. This program will

include additional diamond drilling on the existing zones and follow up trenching and diamond drilling on numerous

targets identified from previous soil geochemistry sampling. Canterra’s team has more than 100 years of experience

searching for gold and diamonds in Canada and have been involved in the discovery of the Snap Lake diamond mine,

in addition to the discovery of the Blackwater Gold deposit in B ritish Columbia, Canada.

ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATION

Chris Pennimpede

President & CEO

Additional information about the Company is available at www.canterraminerals.com

For further information, please contact: +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.

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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. All statements, other than statements of historical fact, are

forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any

statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or

performance (often bu t 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 anticipated in these forward-

looking statements include risks associated possible accidents and other risks 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. ; the business and operations of the Company;

unprecedented market and economic risks associated with current unprecedented market and economic circumstances due to the

COVID-19 pa ndemic, as well as those risks and uncertainties identified and reported in the Company's public filings under its

respective SEDAR profile at www.sedar.com. 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.