Mr. Lewis Lawrick reports

MAGNA TERRA REPORTS GOLD ASSAYS AND GREATLY EXPANDS FOOTPRINT OF THE FOURNIER LAKE GOLD PROPERTY ON ITS ROCKY BROOK PROJECT

Magna Terra Minerals Inc. has released results from its initial exploration work program on the Fournier Lake gold property, Rocky Brook project, located in the prolific Bathurst mining camp of northern New Brunswick.

A total of 91 rock grab samples were collected from the area of gold mineralization discovered in 2023 by prospector Tim Lavoie. The area consists of northeast-striking altered gabbro hosted within sedimentary rocks of Simpsons field and LaPlante formations. Alteration in the host gabbro comprises quartz-iron carbonate-sericite, hematite and trace to 1 per cent pyrite that is exposed intermittently in trenches and outcrops over a 350-metre strike extent. Gold assays up to 2.11 grams per tonne gold (sample K210229) were obtained from surface rock grab sample assays ranging from less than five parts per billion to 2.11 grams per tonne gold. The nature of mineralization is similar to recently reported gold discoveries by Puma Exploration Inc. at its Williams Brook project and Jonpol property located 29 kilometres to the southeast and three kilometres to the south, respectively, following similar east and northeast-striking fault zones, namely the McIntyre Brook, Island Brook and Ramsey Brook faults.

Based on these results and a review of historic exploration data, the company has expanded the footprint of the Fournier Lake property by acquiring 8,829.4 hectares through staking three claims to the northeast of the Rocky Brook-Millstream fault. This expanded land package covers a series of northeast- and east-oriented fault splays off of the Rocky Brook-Millstream fault, namely the regional-scale Jacket River fault, as well as swarms of gabbro intrusives within the host sedimentary stratigraphy. The claims are strategically located around Puma's Greenfield property and Canadian Metals' Goldstrike property in an area that has not previously received significant exploration for gold.

Magna Terra would like to acknowledge and thank the Province of New Brunswick for partial financial assistance granted for work on the Rocky Brook project under the New Brunswick junior mining assistance program.

Rocky Brook project highlights

Gold highlights:

• The project covers a 30-kilometre extent of the Rocky Brook-Millstream fault system;
• Strategically positioned along strike from Kinross-Puma's Lynx zone gold discovery and adjacent to the past-producing Caribou mine and Murray Brook base metal deposits; and
• Recent discovery in 2023 of high-grade gold assays from grab samples assaying up to 5.23 grams per tonne gold over a 350-metre strike length at Fournier Lake.

Volcanogenic massive sulphide highlights:

• The project also covers a 40-kilometre extent of favourable California Lake felsic volcanic and sedimentary rocks that are host to the nearby Restigouche, Murray Brook and Caribou deposits;
• Identification of the Boudreau Brook trend -- a 15-kilometre trend of coincident geochemical and geophysical anomalies and historical prospects;
• Previous work at the Fossil Hill zone has discovered high-grade copper-cobalt mineralization with grab samples assaying up to 16.65 per cent copper and 0.64 per cent cobalt;
• Previous work at the Boudreau Brook prospect has discovered copper mineralization assaying up to 3 per cent Cu;
• The property covers the Restigouche C-4 and C-5 footwall Cu-rich feeder zones where previous historical drilling at the C-4 zone and in hole C-4 that intersected 4.36 m grading 0.2 per cent Cu, 1.6 per cent lead and 6.74 per cent zinc (from 17.3 to 21.6 metres); the best intersection in the C-5 area was reported in hole C-5 that intersected 2.06 per cent Cu and 0.57 per cent Zn over 4.5 m (from 51.9 to 56.4 m);
• Located in the prolific Bathurst mining camp within the premier mining jurisdiction of New Brunswick; and
• Year-round accessibility with road access to the majority of the property.

"We are very pleased to see our strategic focus on the regional opportunities within the greater Bathurst mining camp come to fruition. Historically, exploration efforts within the BMC have been focused on the VMS-base-metal-rich geologic environment that is prolific within the camp, as evidenced by its long history of mining such deposits. Recent high-grade gold discoveries as exemplified by Puma's Williams Brook project within the margins of the greater BMC have highlighted the region's geologic potential for precious metals deposition. It was with this view that we have amassed our large Rocky Brook project to have significant exposure to both geologic environments. The project covers a 30-kilometre extent proximal to the Rocky Brook-Millstream fault and associated fault splays, a similar geological environment to that hosting the adjacent Kinross-Puma Williams Brook project. This large strategic land package now covers 28,024 hectares. We expanded the property to the northeast along the northern side of the Rocky Brook-Millstream fault after recognizing that the prospectivity of host rocks and fault structures were similar to those to the south of the regional fault, which was not previously appreciated. It is rewarding to achieve early discovery of gold mineralization on this portion of the greater project area as we currently see in these preliminary trenches with gold grades up to 2.11 g/t from grab samples. We will now look to compile data and assess gold targets across the expanded land package in the coming months," said Lew Lawrick, president and chief executive officer, Magna Terra.

The Rocky Brook project

The Rocky Brook project comprises 28,024 hectares in 70 mineral claims making the company one of the single largest strategic landholders in this historic mining camp. The Rocky Brook project is located adjacent to and along strike from the Williams Brook project, owned by Kinross Gold Corp. and Puma, where a zone of high-grade gold mineralization was discovered over broad widths, including drill intervals up to 5.55 g/t Au over 50.15 m (refer to Puma's news release dated Sept. 15, 2021). The project is located adjacent to a 30-kilometre-long section of the Rocky Brook-Millstream fault and associated McIntyre and Ramsay Brook faults, an important structural zone controlling gold mineralization within the region. The project also covers volcanic and sedimentary rocks that show strong potential to host polymetallic copper-cobalt-lead-zinc-gold-silver mineralization, adjacent to the past-producing Caribou mine and the Murray Brook deposit, the largest undeveloped volcanogenic massive sulphide project in New Brunswick owned by Canadian Copper Inc.

The Bathurst camp

The BMC is one of the world's oldest base metal (lead, zinc, copper, gold and silver) mining districts hosting one of Canada's largest volcanogenic massive sulphide deposits, with the past-producing Brunswick No. 12 mine having operated for 49 years. The Bathurst mining camp is host to over 46 mineral deposits, several of which have been mined, including the Brunswick No. 6, Heath Steele, Wedge, Stratmat, Half Mile Lake, Caribou and Murray Brook. A total of 136,643,367 tonnes of ore grading 3.44 per cent Pb, 8.74 per cent Zn, 0.37 per cent Cu and 102.2 g/t Ag were mined from the Bathurst mining camp (McCutcheon and Walker, 2020).

Qualified person and technical notes

This news release has been reviewed and approved by David A. Copeland, PGeo, a qualified person, under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

All rock samples collected were submitted to ALS Canada Ltd. in Moncton, N.B., and analyzed for gold (method AU-AA23) and multielement geochemistry, including elements Cu, Pb, Zn, Co and Ag (method ME-ICP61).

All quoted drill core and rock samples results were compiled from historic assessment and government reports obtained from the government of New Brunswick. The qualified person has not completed sufficient work to validate these historic results.

About Magna Terra Minerals Inc.

Magna Terra is a precious- and critical-metal-focused exploration company, headquartered in Toronto, Canada. Magna Terra is focused on acquiring and advancing its high-potential mineral projects in Atlantic Canada and Argentina while generating value for shareholders and minimizing shareholder dilution through option and joint venture partnerships where appropriate; leveraging its ability to explore, expand and transact projects. The company is focused on exploring its 100-per-cent-owned Humber copper-cobalt project in Newfoundland and Labrador; its 100-per-cent-owned Rocky Brook gold and critical metal project in the historic Bathurst mining camp of New Brunswick; and its 100-per-cent-owned Cape Spencer gold project in New Brunswick. In addition, the company has optioned the Great Northern project in Newfoundland to Gold Hunter Resources Inc. for total cash and share consideration of $9.5-million over a two-year period, and currently holds an approximately 28.9-per-cent equity interest in Gold Hunter. The company has also optioned the Luna Roja project in Argentina to Andean Metals Corp. for total cash and share consideration of $2,375,000 over a four-year period. Further, the company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its large 100-per-cent-owned Boleadora project, as well as several additional district-scale drill-ready projects available for purchase or option/joint venture.

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