Boron One Holdings Receives Approval for Jarandol Basin Exploration License

- License Covers 21 km² in a Basin That Hosts Two Known Boron Deposits -

VICTORIA, BC / ACCESSWIRE / April 16, 2024 / Boron One Holdings Inc. ("Boron One" or the "Company") (TSX-V:BONE), a company dedicated to the decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to report that it has received a mineral exploration license covering 21 square kilometers within the Jarandol Basin in Serbia. The Jarandol Basin License contains all the land within the basin, which is prospective for boron, including the territory directly adjacent to, and in between, the Company's 100% owned Piskanja Boron Project on the eastern edge of the basin, and the government owned Pobrdje Boron Mine, located 2.5 km away from Piskanja on the opposite edge of the basin.

Previous exploration in the Jarandol Basin by the Company has shown that Jarandol has the potential to host extensions to both the Piskanja and Pobrdje boron deposits, as well as the potential to host unrelated boron deposits. In a previous drill program conducted by Boron One (as reported by the Company in a news release on December 22, 2015), 6 exploratory drill holes returned occurrences of borates, conducted at a location approximately midway between the Piskanja and Pobrdje deposits. Two of the six drill holes intersected one boron layer of potential economic grade and thickness, while a third hole intersected two distinct boron layers. Mineralized intervals included one intersection of 1.88 meters averaging 41.33% B2O3, a second intersection of 1.3 meters averaging 41.88% B2O3, and a third intersection of 1.75 meters averaging 39.71% B2O3.

"The re-addition of the Jarandol Basin License is exciting for us" said Tim Daniels, President of Boron One. "Our previous exploration efforts within the Basin were certainly encouraging, improving our knowledge of the geology outside of the current footprint of our Piskanja deposit and giving us some meaningful drill targets on which to focus, in order to try to expand our mineral resource."

The Jarandol Exploration License is valid for 3 years, covers 21.03 km², and is extendable by the Company up to a total of 8 years, subject to Serbian mining regulations.

About the Jarandol Basin

The Jarandol Basin is a Miocene age tertiary deposit located within the Vardar Belt of Neogene lacustrine deposits of evaporates. The Vardar Belt contains the world's richest borate deposits, including those found in Turkey, which are of similar genesis to the Serbia borate deposits.