Mr. Lewis Lawrick reports

MAGNA TERRA REPORTS ADDITIONAL PROSPECTING RESULTS AND COMMENCES AIRBORNE MAGNETIC AND ELECTROMAGNETIC SURVEY AT THE PROSPECT OR'S DREAM EPITHERMAL GOLD PROJECT, NEW BRUNSWICK

Magna Terra Minerals Inc. has commenced an airborne magnetic and electromagnetic survey on the Prospect Or's Dream project, located proximal to the prolific Bathurst mining camp (BMC) of northern New Brunswick. The project comprises 18,798 hectares located along a 30-kilometre (km) extent of the prospective Moose Lake fault zone. The project is centred on a new gold discovery from 2025, where low-sulphidation epithermal gold-bearing quartz veins were identified that are hosted within rhyolite, andesite and granites over a minimum 7.2-kilometre strike length of the Donner trend (see Magna Terra news release dated Jan. 22, 2026).

The company has initiated the 1,221-line-kilometre helicopter-borne geophysical survey that will comprise a systematic, property-wide, electromagnetic time-domain electromagnetic (VTEM Plus) and horizontal magnetic gradiometer surveys, and will provide the base line geophysical data to guide geological mapping and focus exploration efforts to discover epithermal Au-Ag-Sb (gold-silver-antimony) deposits. The helicopter-borne survey is being completed by Geotech Ltd. and will be flown at nominal 200-metre (m) spacing in a north-south trend across the strike of the underlying geology with perpendicular tie lines flown at two km spacing.

The airborne survey is being completed as part of a phase 1 2026 field program designed to generate additional exploration targets for follow-up testing in the later half of 2026 into 2027. To date, the company has also collected a total of 338 rock grab float and outcrop samples* to be analyzed for gold and multielement geochemistry. Assays have been returned for 264 of the 338 samples collected to date as previously reported in a news release dated Aug. 20, 2026. Assays are pending for the remaining samples and will be reported in a future news release.

Highlights of prospecting and geological mapping to date (as previously reported on Aug. 20, 2026) include:

• Early prospecting has identified additional areas of epithermal quartz-sulphide veins;
• Resulted in additional staking (two claims; 2,875 hectares (ha)) to the east and southeast of the Blitzen prospect;
• Assays now up to 1.97 grams per tonne (g/t) gold from grab samples;
• Elevated Hg (mercury) and Te (tellurium) values and vein textures that support the presence of a low-sulphidation epithermal environment;
• Continuing work designed to vector within the epithermal system(s).

Magna Terra would like to acknowledge and thank the Province of New Brunswick for partial financial assistance granted for work on the Prospect Or's Dream project under the New Brunswick junior mining assistance program (NBJMAP).

"We are pleased to undertake the airborne magnetic and electromagnetic survey at Prospect Or's Dream. This data, along with our ongoing prospecting work and planned soil geochemical surveys, will provide the company with a strong data set to help generate exploration targets within this early-stage land package. We are very grateful for the financial support provided by the government of the Province of New Brunswick on the Prospect Or's Dream project. Our initial prospecting program, which generated assays with grades of up to 1.97 g/t gold from rock grab samples, has also been successful at identifying additional zones of epithermal quartz veins, leading to the expansion of the property package south and east of the Blitzen prospect. Pathfinder elements, including Ag, As, Sb, Te and Hg from quartz vein samples, are guiding our efforts in identifying where each target area sits within the classic low-sulphidation epithermal model and providing vectors towards potential higher-grade parts of the system," stated Lew Lawrick, president and chief executive officer, Magna Terra Minerals.

Property geology

The Prospect Or's Dream property is centred along a 30-kilometre section of the Moose Lake-Tomogonops-Tozer fault system (MLFZ), a regional-scale fault zone that separates Middle to Late Ordovician volcanic and sedimentary rocks of the Sheephouse Brook Group and Cambrian to Lower Ordovician Miramichi Group to the south from Middle to Late Ordovician Tetagouche and California Lake groups to the north. The Tetagouche and California Lake groups are host to the volcanogenic massive sulphide deposits of the Bathurst camp.

The area has been subject to episodic intrusive and deformation and faulting from the Late Ordovician to the Devonian. The less explored Sheephouse Brook and Miramichi groups are intruded by Late Ordovician Clearwater Lake and Stony Brook felsic porphyritic intrusives. Rocks on both sides of the fault are intruded by Late Silurian to Early Devonian North Pole and South Branch Northwest Miramichi granites, particularly on the western side of the property.

Several northwest-southeast-striking splay faults off the main MLFZ include the Kagoot Brook, Hubbards Pond, Clearwater Stream, Sheephouse Brook, Mahals Brook, Mountain Brook and the Pringle Brook faults.

Epithermal gold model

Although the company is in its early stages of work at Prospect Or's Dream, the data and initial geological observations (vein textures, host rocks etc.), along with indicator element signature of the vein samples (Au, Ag, Sb, As (arsenic) with variable amounts of Hg and Te, and very low concentrations of Cu (copper), Pb (lead) and Zn (zinc)) suggest that the prospects sampled to date are at a relatively high level in the typical low-sulphidation epithermal model of Buchanan (1981) in each of the areas. Generally higher-grade precious metals are found deeper within these systems and generally associated with quartz adularia veins. Continuing work will continue to gather the geological and geochemical data required to better understand vectoring to higher-grade portions of the epithermal systems exposed on the property.

Update on Gold Hunter Resources Inc.'s drilling program on the Great Northern project

On June 29, 2026, based solely on announcements made by Gold Hunter (see notably Gold Hunter's news release dated June 25, 2026), the company reported that Gold Hunter had commenced a 10,000-metre diamond drill program at the Great Northern project in western Newfoundland. Gold Hunter had previously reported its intent to conclude a drilling program of up to 10,000 metres on the Great Northern project (see notably Gold Hunter's news releases dated Feb. 2, 2026, March 18, 2026, April 21, 2026, May 6, 2026, and June 4, 2026). The company optioned the Great Northern project to Gold Hunter in June, 2024, for total cash and share consideration of $10,075,000 over a four-year period (see Magna Terra's June 29, 2026, news release for more details).

On Sept. 28, 2026, Gold Hunter reported that ultimately, it was able to complete 2,879 metres drilled in 13 holes across six target areas of the Great Northern project: Kramer, the Thor and Viking trend intersection, Simms Ridge, Incinerator, Viking North, and Viking. As reported by Gold Hunter, the program was planned at up to 10,000 metres and concluded when expenditures reached the program budget, given that drilling costs per metre were substantially higher than the estimates based on changes to program scope. Gold Hunter has confirmed that samples from all 13 holes have been submitted to ALS Geochemistry. Results will be released by Gold Hunter once received and reviewed by its qualified person (please refer to Gold Hunter's news release dated Sept. 28, 2026, for more details on the conclusion of the drilling program).

Qualified person and technical notes

This news release has been reviewed and approved by David A. Copeland, PGeo, vice-president of exploration and qualified person under National Instrument 43-101, Standard for Disclosure for Mineral Projects.

All rock samples collected were submitted to ALS Canada Ltd. in Moncton, N.B., for processing and then transported to its facility in North Vancouver, B.C., for gold (method AU-AA23) and multielement geochemistry, including elements Cu, Pb, Zn, Co, Ag, As, Sb (method ME-ICP61), Hg (method Hg-MS42), Te and other elements (method ME-MS61L).

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

* Grab samples are selective by nature and may not represent the true metal content of the mineralized zone.

About Magna Terra Minerals Inc.

Magna Terra Minerals is a precious-metal 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, grow and transact projects. The company is focused on exploring: its 100-per-cent-owned Humber copper-cobalt and Shellbird projects in Newfoundland and Labrador; its 100-per-cent-owned Rocky Brook gold and critical metals project in the historic Bathurst mining camp of New Brunswick; and the recently acquired Prospect Or's Dream gold project and its 100-per-cent-owned Cape Spencer gold project in New Brunswick. In Argentina, the company maintains a significant 100-per-cent-owned precious metals exploration portfolio in Santa Cruz province, comprising six projects covering approximately 79,000 hectares, including the Boleadora project and several district-scale, drill-ready gold/silver projects. The company continues to evaluate opportunities to advance and surface value from its portfolio through exploration, strategic transactions, and option or joint venture partnerships, where appropriate.

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