Magna Terra completes 100% earn-in on Cape Spencer

Executive Summary

• Magna Terra Minerals Inc. has satisfied all earn‑in obligations on the Cape Spencer and Marigold option agreements, now owning 100 % of the Cape Spencer gold project in New Brunswick.
• The property hosts an inferred mineral resource of 1.72 million tonnes grading 2.72 g/t Au (≈151,000 oz Au) across two zones, with notable historic drill intercepts up to 8.71 g/t Au.
• Completion required issuance of 1,218,274 common shares and cash payments totaling $60,000; all shares are subject to a four‑month‑plus regulatory hold period.

Key Details

• Earn‑In Payments – Cape Spencer Option
• Total consideration: $350,000 cash/consideration shares + $145,000 milestone payments.
• On Sept 3 2025 issued 253,807 common shares and paid $25,000 cash (7th anniversary payment).
• Issued additional 964,467 common shares to settle remaining milestones ($95,000 value).

• Total shares issued: 1,218,274 (subject to a 4‑month‑and‑1‑day hold period).

• Earn‑In Payments – Marigold Option (part of Cape Spencer project)

• Required consideration: $175,000 cash/consideration shares + 1,075,000 common shares over five years.

• On Sept 3 2025 paid $35,000 cash to satisfy the fifth‑anniversary payment, completing the earn‑in.

• Project Highlights – Cape Spencer

• Land area: 5,089 ha along a 15 km strike of the Millican Lake fault system.

• Historic drill intercepts:

  • Emilio trend – up to 7.86 g/t Au over 7.4 m.
  • Marigold prospect – up to 8.71 g/t Au over 2 m (core length).
  • Birches zone – up to 5.23 g/t Au over 4.0 m (core length).

• Inferred Mineral Resource Estimate (NI 43‑101, Jan 23 2019)

• Total: 1.72 million tonnes @ 2.72 g/t Au → 151,000 oz Au.
• Northeast Zone: 740,000 t @ 4.07 g/t Au → 96,000 oz (cut‑off 2.5 g/t).

• Pit Zone: 990,000 t @ 1.71 g/t Au → 54,000 oz (cut‑off 0.5 g/t).

• Geological Context

• Situated within Proterozoic Avalon zone rocks that host multi‑million‑ounce deposits such as Haile, Ridgeway, and Hope Brook.

• Two gold zones open along strike (Northeast and Pit).

• Regulatory & Technical Disclosure

• Qualified Person: David A. Copeland, P.Geo., non‑independent consultant, reviewed the release per NI 43‑101.
• Resource estimates prepared by independent QPs Michael Cullen, P.Geo., and Matthew Harrington, P.Geo. (technical report dated Jan 23 2019).

Notable Quotes

• “The Cape Spencer project represents a unique opportunity for Magna Terra shareholders to participate in the discovery upside of an emerging gold play… we are very pleased to have secured a 100‑percent interest…” – Lew Lawrick, President & CEO.