Canterra Minerals Intersects High-Grade Gold at Wilding in Central Newfoundland, Including 10.89 g/t Au over 31.5 m VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to report results of high-grade gold mineralization, including 31.5 metres (core length) averaging 10.89 g/t Au, from its fall 2025 diamond drilling at its 100%-owned Wilding Gold Project adjoining Equinox Gold’s Valentine Mine in central Newfoundland. “These results demonstrate that Wilding has the potential to host a high-grade, district-scale gold system in one of Canada’s most attractive mining jurisdictions,” said Chris Pennimpede, President and CEO of Canterra. “As global uncertainty continues to drive interest in secure North American gold assets, we believe Canterra is well positioned to create long-term value through disciplined exploration next door to Atlantic Canada’s largest gold producer.” Drilling Highlights A total of 1,243 metres (m) of large diameter (HQ) core drilling were completed across 18 drill holes in fall 2025 at the Elm and Alder Zones as well as at Aspen, a new target: Exceptional high-grade intercept of 10.89 g/t Au over 31.5 metres core length, including 41.0 g/t Au over 5.4 m, from 59.0 metres depth in hole WL-25-100 (Elm Zone).Shallow high-grade intercepts including 6.16 g/t Au over 4.1 metres from 5.1 metres depth, including 20.96 g/t Au over 1 metre, highlighting near-surface gold mineralization in hole WL-25-95 (Alder Zone).Elm Zone prospect now interpreted as an approximately 300 metres along-strike by 100 metres down-dip mineralized gold corridor, demonstrating meaningful scale and resource potential.Drilling confirms continuity of high-grade quartz-sulphide gold veins, with alteration halos suggesting a larger hydrothermal system.Successful first-pass drill test at new Aspen Target returned anomalous gold values up to 0.57 g/t Au in hole WL-25-99, expanding the known extent of mineralized veining. Wilding Gold Project Fall 2025 Drill Highlights* (Table 1) Drill HoleFrom (m)To (m)Length (m)*Au (g/t)WL-25-10059.090.531.510.89including61.3566.755.441.00including75.987.9512.055.66WL-25-10114.220.86.68.22Including15.3517.52.1524.74WL-25-955.19.24.16.16including6.27.2120.96WL-25-9058.360.328.41including59.360.3113.74WL-25-937.411.654.252.59 *All reported intervals are downhole lengths. True widths have not yet been determined. Based on current structural interpretations, mineralized intervals in holes WL-25-90, WL-25-100, and WL-25-101 are interpreted to represent shallow-angle intersections of quartz-sulphide veins. As a result, reported downhole lengths may be significantly greater than true vein widths, however, additional drilling is required to make an accurate interpretation of true widths. Drill Result Analysis The fall 2025 drill program was designed to test for stacked extensional quartz-gold-tourmaline-pyrite vein packages along the known shear zones, testing geometries not previously drilled and new targets stemming from 2025 fieldwork and prospecting results (see September 8 and November 3, 2025 news releases). A key objective of the program was to test the “extensional vein set” concept and evaluate whether multiple vein orientations and stacked vein packages contribute to grade and continuity within the Wilding system. A total of 1,243.5 m of HQ core drilling was completed across 18 drill holes at the Elm and Alder zones and at a new target, Aspen. In addition to confirming high-grade gold mineralization, the Fall 2025 drill program substantially expanded the interpreted alteration footprint at both the Elm and Alder zones. Widespread quartz-tourmaline-pyrite alteration was intersected beyond previously defined vein corridors, indicating a larger and more continuous hydrothermal system than previously recognized. At Elm, alteration envelopes extend laterally and vertically beyond high-grade intercepts in WL-25-100 and WL-25-101, while at Alder, multiple holes intersected consistent alteration even where vein thickness or grade was reduced. These results suggest that alteration mapping provides an effective vector toward mineralized structures and materially increases the prospective footprint of both systems. Figure 1. Quartz-Tourmaline-Sulphide Vein with sheared altered Rogerson Lake conglomerate at Elm Zone in hole WL-25-101. Hole WL-25-100 was designed to test the extensional veins in the immediate hanging wall of the known Elm vein system; however, the hole intersected the vein. The 31.5 m downhole interval (10.89 g/t Au) is interpreted to represent a low-angle intersection of the Elm vein system, which can result in an apparent thickness significantly greater than true vein width. True widths will be refined with additional drilling and structural measurements. Hole WL-25-99 tested a new geophysical IP target area interpreted to be the potential northeast extension of the A