Suite580,625HoweStreet
Suite580,625HoweStreet
Vancouver,BritishColumbia
V6C2T6Canada
e:
p:+1(604)687-6644
w:canterraminerals.com
1
CANTERRA MINERALS IDENTIFIES NEW EXPLORATION TARGETS OUTSIDE OF EXISTING RESOURCE AND EXPANDS
BOOMERANGPROJECT
VANCOUVER, BC (April 23, 2025)- Canterra Minerals Corporation (TSX-V: CTM) (OTCQB: CTMCF) (FSE: DXZB)
("Canterra" or the "Company") is pleased to announce the identification of multiple new geochemical and
geophysical targets at its Boomerang Project. Additionally, Canterra confirms the expansion of the Boomerang
Project through the staking of the Hill Top massive sulphide target in the Central Newfoundland Mining District.
HIGHLIGHTS:
Multiple New Exploration Targets:Results from comprehensive 2024 geochemical sampling program and
review of past geophysical survey datasets have identified several high-priority targets at the Boomerang
Project outside of the existing resource base
StrategicProjectExpansion: The Company has expanded the Boomerang Project through its staking of the
Hill Top target, covering a 700m long gravity anomaly target with 13 adjacent down slope soil samples
assaying >1000ppm Copper
Where exposed, this mineralization has returned assays of up to1)5% Cu(copper), 4.68% Zn (zinc), and
16.5 g/t Ag (silver) in historical grab samples
High-grade Existing Resource:Boomerang* hosts a historical mineral resource comprised of Indicated
Resources of1)4 million tonnes at 0)5% Cu, 7)1% Zn, 3)0% Pb, 1)7 g/t Au, and 110)4 g/t Agand Inferred
Resources of 0.3 million tonnes at 0.4% Cu, 6.7% Zn, 2.9% Pb, 1.3 g/t Au and 96.5 g/t Ag
Consolidated Land Position:This expansion strengthens Canterra!s dominant position in one of North
America!s most promising volcanogenic massive sulphide (“VMS”) mineral districts
"The expansion of the Boomerang Project through our proactive staking program demonstrates our team!s
geological expertise and commitment to cost-effective growth," added Chris Pennimpede. "By identifying and
securing these highly prospective massive sulphide targets in competitive staking, we!ve added significant value
to our portfolio with minimal expense. The presence of massive sulfides at surface, coupled with the property!s
location within the same proven VMS district as our existing resource, presents an exceptional opportunity to
further develop our Boomerang Project."
BOOMERANGPROJECTADVANCES
The Boomerang Project, located approximately 70 kilometres (“km”) southwest of Buchans, Newfoundland, is host
to the Boomerang-Domino deposit and the Hurricane prospect. The project contains a historical mineral resource
estimate prepared by previous operators comprised of Indicated Resources of 1.4 million tonnes grading 0.5%
copper, 7.1% zinc, 3.0% lead, 1.7 g/t gold, and 110.4 g/t silver.
Recent work completed by Canterra included a detailed geochemical review, whole rock sampling, and geophysical
review aimed at further advancing the understanding of the Project!s potential. This work has delineated new target
areas exhibiting characteristics indicative of mineralization, similar to the high-grade Boomerang-Domino deposit
(see figure 1).
2
Figure 1. Boomerang property targets are circled in white. Soil results in zinc ppm are shown with high-grade
mineralization projected to surface in red.
Figure 2. Boomerang-Domino Resources and Hurricane Prospect Long Section. Resource expansion possibilities
along prospective horizons and at depth.
TELEPHONEHILLTARGET
Particularly encouraging are the results from the southwestern extension of the Boomerang trend, where recent
whole rock sampling indicates zones of sulphide alteration and sodium depletion, hallmark indicators of VMS-style
mineralization. Previous results 2 km southwest of the Boomerang deposit, at the Telephone Hill target shows a
Boomerang-like lithogeochemical signature coincident with EM, gravity and Zn-soil anomalies. Historical drilling in
this area is reported to have intersected quartz pyrite stockwork style mineralization and strongly sericite-altered
felsic volcanic rocks potentially indicative of massive sulphide in proximity.
3
BOOMERANGPROPERTYEXPANSION
In a significant expansion of its central Newfoundland critical minerals portfolio, Canterra has added the Hill Top
target to the Boomerang Project through strategic staking. The Hill Top target hosts massive sulphide mineralization
exposedatsurfacegradingupto1.5%Cu,4.68%Zn,and16.5g/tAginhistoricalgrabsamples(see QualifiedPerson).
The newly staked 475 hectare area is located approximately 7 kilometres northeast of the Company!s existing
Boomerang-Domino deposit and 5 km southwest of the CompanyQs Tulks Hill Deposit located within the same
stratigraphic Tulks Volcanics Belt.
EXPLORATIONPLANS
Canterra is fully funded to complete its planned exploration activities in 2025 including:
State-of-the-art deep-seeking 3D Array Induced Polarization (“3DIP”) geophysical surveys across multiple
target areas with the Buchans Project (February 19, 2025 news release) and up to 10,000 m of diamond
drilling to coincide with results from the 3DIP geophysical surveys
Continued regional exploration across the Company!s extensive land package in central Newfoundland,
including the expanded Boomerang Project.
Figure 3. CanterraQs Central Newfoundland Mining District properties.
*Resource Notes
Boomerang and Domino Historical Mineral Resource Estimates are based on a 1% Zn cutoff grade as reported in the Technical
Report entitled “Messina Minerals Inc.: Tulks South Property, Central Newfoundland, Canada Technical Report” prepared for
Messina Minerals Inc. prepared by Pamela De Mark and Charles Dearin, P.Geo. (Snowden). Report Date August 1, 2007. The
4
report is available on the CompanyQs website atwww.canterraminerals.com. Canterra is not treating the Boomerang and Domino
Mineral Resource Estimates as current resource estimates but rather as historical resources as neither Canterra nor the QP
verified the associated mineral resource estimates as current mineral resources or mineral reserves.
GrantofStockOptions
Further to the CompanyQs news release dated March 18, 2025, the Company has granted stock options to Spark
Newswire(the“ Options”),whichrepresentsthebalanceowingunderitsmarketingconsultingandinvestorrelations
agreement. A total of 383,866 Options were granted, valid for a period of five years at $0.075 per option and will
vest pursuant to the requirements of the TSX Venture Exchange.
AboutCanterraMinerals
Canterra is a diversified minerals exploration company focused on critical minerals and gold in central
Newfoundland. The CompanyQs projects include six mineral deposits located in close proximity to the world-
renowned, past producing Buchans mine and Teck ResourcesQ Duck Pond mine, which collectively produced copper,
zinc, lead, silver and gold. Several of CanterraQs deposits support current and historical Mineral Resource Estimates
prepared in accordance with National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and
Petroleum Definition Standards for Mineral Resources and Mineral Reserves current at their respective effective
dates. CanterraQs gold projects are located on-trend of Calibre MiningQs Valentine mine currently under construction
and cover a ~60 km extension of the same structural corridor that hosts mineralization within CalibreQs mine project.
Past drilling by Canterra and others within the CompanyQs gold projects intersected multiple occurrences of orogenic
style gold mineralization within a large land position that remains underexplored.
QualifiedPerson
Paul Moore MSc. P.Geo. (NL), Vice President of Exploration for Canterra Minerals Corporation, a Qualified Person
within the meaning of National Instrument 43-101, has reviewed the technical disclosure in this news release for
accuracy and either prepared or supervised its preparation. Reported outcrop assays for the Hill Top prospect are
historical in nature having been collected by previous operators other than Canterra. Quoted assays are derived
from reports of work filed by past operators with the Newfoundland and Labrador Government.
ONBEHALFOFTHEBOARDOFCANTERRAMINERALSCORPORATION
ChrisPennimpede
President&CEO
Additional information about the Company is available atwww.canterraminerals.com
For further information, please contact: +1 (604) 687-6644
Email: [email protected]
NeitherTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinpoliciesoftheTSXVenture
Exchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.
Cautionary Note Regarding Forward-Looking Information
Thispressreleasecontainsstatementsthatconstitute“forward-lookinginformation”(collectively,“forward-looking
statements”)withinthemeaningoftheapplicableCanadiansecuritieslegislation,includingstatementswithrespect
to estimated mineral resources, the opening of avenues for substantial discoveries 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-looking statements and are based on
expectations,estimatesandprojectionsasatthedateofthisnewsrelease.Anystatementthatdiscussespredictions,
expectations,beliefs,plans,projections,objectives,assumptions,futureeventsorperformance(oftenbutnotalways
usingphrasessuchas“expects”,or“doesnotexpect”,“isexpected”,“anticipates”or“doesnotanticipate”,“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)arenotstatementsofhistoricalfactandmaybeforward-lookingstatements. Consequently,therecanbe
no assurances that such statements will prove to be accurate and actual results and future events could differ
materiallyfromthoseanticipatedinsuchstatements.Excepttotheextentrequiredbyapplicablesecuritieslawsand
the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking
5
statementsifmanagement*sbeliefs,estimatesoropinions,orotherfactors,shouldchange.Factorsthatcouldcause
futureresultstodiffermateriallyfromthoseanticipatedintheseforward-lookingstatementsincluderisksassociated
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
Companywillnotbeabletoraisesufficientfundstocarryoutitsbusinessplans,andtheriskofpoliticaluncertainties
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
resultofnewinformation,futureevents,changesinassumptions,changesinfactorsaffectingsuchforward-looking
statementsorotherwise.