Magna Terra completes 100% earn-in on Cape Spencer

Mr. Lewis Lawrick reports MAGNA TERRA COMPLETES 100% EARN-IN ON THE CAPE SPENCER PROJECT, NEW BRUNSWICK Magna Terra Minerals Inc. has completed its final option payments on two separate option agreements, the Cape Spencer and Marigold options, on the greater Cape Spencer project located in Southern New Brunswick, and now owns a 100-per-cent interest in the property. "The Cape Spencer project represents a unique opportunity for Magna Terra shareholders to participate in the discovery upside of an emerging gold play in Southern New Brunswick. The recent and ongoing work by Galway Metals to advance the nearby Clarence Stream project highlights the significant potential of this region to host large gold deposits. We are very pleased to have secured a 100-per-cent interest in the Cape Spencer project as it provides additional optionality within our deep project portfolio, to an exceptional gold exploration play in a premier jurisdiction in this environment of rapidly rising precious metals prices," said Lew Lawrick, president and chief executive officer, Magna Terra Minerals. Cape Spencer project highlights 5,089 hectares along 15 kilometres of strike of a regional-scale gold-bearing structure -- the Millican Lake fault and associated structures; Newly expanded project is host to large untested gold-bearing alteration systems including: 2.5-kilometre alteration and gold bearing Emilio trend with drill intercepts up to 7.86 grams per tonne gold over 7.4 metres; Marigold prospect with drill intercepts up to 8.71 grams per tonne gold over two metres (core length; true width unknown); Birches zone with drill intercepts up to 5.23 g/t gold over 4.0 metres (core length; true width unknown). The Cape Spencer deposit has an inferred mineral resource estimate of 1.72 million tonnes at an average grade of 2.72 grams per tonne gold for 151,000 contained ounces in two zones: Northeast zone -- inferred mineral resource of 740,000 tonnes at an average grade of 4.07 g/t gold, for 96,000 contained ounces at a cut-off grade of 2.5 g/t gold in a conceptual underground development; Pit zone -- inferred mineral resource of 990,000 tonnes at an average grade of 1.71 g/t gold, for 54,000 contained ounces at a cut-off grade of 0.5 g/t gold in a conceptual open pit. Hosted within similar proterozoic-aged rocks of the Avalon zone that host multimillion-ounce gold deposits such as Haile, Ridgeway and Hope Brook; Two gold deposits open along strike (northeast and pit zones). Option agreement and payment details Under the terms of the Cape Spencer option agreement, the company could earn a 100-per-cent interest in the Cape Spencer property by paying the optionor a total of $350,000 in cash and/or consideration shares, and $145,000 in milestone payments based on certain exploration activities in cash or consideration shares, over a seven-year period (refer to the press release dated Sept. 15, 2022). On Sept. 3, 2025, the company issued 253,807 common shares of the company and paid $25,000 in cash to settle the seventh anniversary payment totalling $50,000, and issued 964,467 common shares of the company to settle the remaining milestone payments totalling $95,000, which completes the earn-in requirements of the option agreement. The 1,218,274 common shares issued are subject to a regulatory four-month-and-one-day hold period from their date of issuance. Under the terms of the Marigold option agreement, the company could earn a 100-per-cent interest in the Marigold property (Cape Spencer project) by paying the optionor a total of $175,000 in cash and/or consideration shares, and 1,075,000 common shares of the company, over a five-year period (refer to the press release dated Sept. 27, 2023). On Sept. 3, 2025, the company paid $35,000 to settle the fifth anniversary payment, which completes the earn-in requirements of the option agreement. Qualified person and technical disclosure This news release has been reviewed and approved by David A. Copeland, PGeo, a non-independent consultant to the company and a qualified person as defined under National Instrument 43-101 -- Standard for Disclosure for Mineral Projects. Mineral resources are not mineral reserves and do not have demonstrated economic viability. All mineral resource estimates were prepared in accordance with NI 43-101 and the CIM Standards (2014). The mineral resource estimate quoted in this news release regarding the Cape Spencer project refers to the technical report: "NI 43-101 Technical Report and Mineral Resource Estimate on The Cape Spencer Gold Deposit, Saint John County, New Brunswick, Canada," with an effective date of Jan. 23, 2019, and authored by Michael Cullen, PGeo (independent qualified person), and Matthew Harrington, PGeo (independent qualified person). Rock and core sample lengths from historic exploration programs that are reported are presented as core or sample lengths only. True widths of mineralized intervals are not known. All quoted drill core sample intervals, grades and production statistics were compiled from historic assessment reports obtained from the government of New Brunswick that are referenced in the technical report noted above. About Magna Terra Minerals Inc. Magna Terra Minerals is a precious and critical metals 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 the company's ability to explore, grow 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 metals project in the historic Bathurst mining camp of New Brunswick; and the company's 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 approximate 28.9-per-cent equity interest in Gold Hunter. Further, the company maintains a significant precious metals exploration portfolio in the province of Santa Cruz, Argentina, which includes the Boleadora project and the Luna Roja project which are subject to a recently announced LOI (letter of intent) with Andean Metals Corp., as well as several additional district-scale drill-ready projects available for purchase or option/joint venture. We seek Safe Harbor.