Canterra Minerals Commences Phase 2 Drill Program to Advance District-Scale Copper-Zinc Growth Strategy at Buchans, Newfoundland

About this update from Canterra Minerals

VANCOUVER, British Columbia, July 08, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") has commenced its approximately 8,000-metre Phase 2 diamond drill program in the Buchans copper-zinc district of central Newfoundland. The program is designed to demonstrate the scale of Canterra's consolidated position in one of Canada's premier VMS camps. The Buchans District, controlled by Canterra, hosts a substantial and growing resource base, multiple satellite deposits, extensive historical data, established infrastructure, and a pipeline of high-priority copper-zinc targets across a historically prolific mining district. Canterra's 2026 program is focused on advancing the Lundberg deposit as the district's anchor resource while testing satellite deposits and new targets that the Company believes can support long-term resource growth across the broader Buchans District. The Phase 2 program is expected to generate a steady flow of results through the remainder of 2026. Highlights:

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