Failure to Comply with This Restriction May Constitute a Violation of U.s. Securities Laws. Canterra Announces Proposed Debt Settlement

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

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

September 12, 2018 NEWS RELEASE TSX.V: CTM

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY

FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

CANTERRA ANNOUNCES PROPOSED DEBT SETTLEMENT

Vancouver, BC – Canterra Minerals Corporation (CTM-TSX.V) (“Canterra” or “the Company”) is pleased to announce

that it intends to issue an aggregate of 5,268,933 common shares (the “ Shares”) at a price of $0.05 per Share in is

settlement (the “Debt Settlement”) of an aggregate of $263,446.65 in outstanding debt (the “Debt”), including the

settlement of accrued management fees owing to a company controlled by a director of the Company and general

and administrative expenses owing to a company that has a common director with the Company.

The proposed Debt Settlement remains subject to the approval of the TSXV Venture Exchange. All shares issued

under the proposed Debt Settlement will be subject to a hold period of four months and one day from the date of

issuance under applicable Canadian securities laws.

For more information about Canterra Minerals, visit the Company’s website at www.canterraminerals.com

On Behalf of the Board of Directors of

CANTERRA MINERALS CORPORATION

“Randy Turner”

Randy Turner, President & CEO

For further information, contact Randy Turner, President at 604-687-6644 or [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.

This news release may include forward -looking statements that are subject to risks and uncertainties. All

statements within, other than statements of historical fact, are to be considered forward looking. Although the

Company believes the expectations exp ressed in such forward -looking statements are based on reasonable

assumptions, such statements are not guarantees of future performance and actual results or developments

may differ materially from those in forward-looking statements. Factors that could cause actual results to differ

materially from those in forward -looking statements include market prices, exploitation and exploration

successes, continued availability of capital and financing, and general economic, market or business conditions.

There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely

on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking

statements except as required under the applicable laws.

United States Advisory

The securities referred to herein have not been and will not be registered under the United States Securities Act

of 1933, as amended (the "U.S. Securities Act"), have been or will be offered and sold outside the United States

to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered,

sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined

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

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

in Regulatio n S under the United States Securities Act) unless the securities are registered under the U.S.

Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available.

Hedging transactions involving the securities must n ot be conducted unless in accordance with the U.S.

Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any

securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation

or sale would be unlawful.