Magna Terra Extends Zone of Surface Copper Mineralization to 2.2 Kilometres at the Humber Copper-Cobalt Project in Newfoundland

The most recent news, dated November 4, 2025, reports that Magna Terra Minerals Inc. has extended the zone of surface copper mineralization along the Hughes Lake Trend at its Humber Copper-Cobalt Project in Newfoundland by 1.2 kilometres, bringing the total strike length to 2.2 kilometres. The company collected 57 rock grab samples from this extended zone, with assay results pending. Additionally, a regional stream silt geochemical sampling program has commenced across the broader 49,925-hectare project area. The President and CEO, Lew Lawrick, expressed excitement about the rapid growth of the copper mineralization zone and the potential for Sediment-hosted Stratiform Copper deposits at Humber.

This news is a positive, but routine, update on the ongoing exploration activities at the Humber Copper-Cobalt Project. It confirms the successful extension of surface copper mineralization, building upon previous announcements of initial discovery (July 17, 2025) and subsequent expansion to 1.0 km (September 18, 2025). The doubling of the strike length to 2.2 km through traditional prospecting is encouraging for an early-stage exploration project, demonstrating the continuity and potential scale of the mineralization.

However, the impact is categorized as "Routine - Positive" rather than "Material - Positive" because these are surface grab samples, and assays are still pending. While positive for identifying targets, without drill results or confirmed high-grade assays over significant widths, the news primarily represents progress in target generation rather than a definitive resource discovery. The market impact is likely to be limited as it aligns with the company's previously communicated exploration strategy for Humber. The company has already identified this project as a key focus, and these results are a natural progression of that work.

In the broader context of recent historical news: * The company has been systematically advancing its Humber and Rocky Brook projects, supported by a recent $2 million flow-through private placement (closed August 29, 2025), which was materially positive for its funding. * The option agreement for the Luna Roja project with Andean Metals (October 6, 2025), providing $2.375 million (USD) in cash and shares, was a more material event as it delivered non-dilutive capital and monetized an asset. * The significant investment by Michael Gentile (December 4, 2024), acquiring a 19.99% stake, was a "Game Changer" as it provided strong validation and strategic support for the company.

Therefore, while the extension of mineralization at Humber is a good sign for the project's potential, it is an expected outcome of the ongoing exploration cycle and does not fundamentally alter the company's financial or strategic outlook in a game-changing manner at this stage.

Magna Terra Minerals Inc. (MTT) is a Canadian mineral exploration company with a portfolio of gold, copper, cobalt, and base metal projects across Atlantic Canada (Newfoundland and Labrador, New Brunswick) and Argentina. The company's strategy involves acquiring low-cost, high-upside exploration projects and leveraging its expertise in Atlantic Canada.

Flagship Projects: 1. Humber Copper-Cobalt Project (Western Newfoundland): This is a 100%-owned, district-scale (49,925 hectares) project focused on Sediment-hosted Stratiform Copper (SSC) deposits, which are globally significant for copper and cobalt production. It is royalty-free. Initial exploration in 2025 discovered in-situ copper mineralization, which has now been extended to a 2.2 km strike length along the Hughes Lake Trend. The project benefits from year-round road access and financial assistance from government programs. 2. Rocky Brook Project (Bathurst Mining Camp, Northern New Brunswick): This project covers 18,694 hectares and is strategically positioned in a prolific VMS (Volcanogenic Massive Sulphide) and gold camp. It covers a 30 km section of the Rocky Brook-Millstream Fault system and is adjacent to past-producing mines and significant deposits. It is subject to a 2% NSR (with a 1% buyback option for $1 million). Recent work includes identifying multiple priority targets through geophysical data review and machine learning. 3. Cape Spencer Gold Project (Southern New Brunswick): A 100%-owned gold project (5,089 hectares) where Magna Terra recently completed its earn-in. It hosts an inferred mineral resource of 151,000 ounces of gold (at 2.72 g/t Au) across two zones (Northeast and Pit zones), open along strike. There are no royalties mentioned for this specific project. 4. Luna Roja Project (Santa Cruz, Argentina): Recently optioned to Andean Metals Corp. for $2.375 million (USD) in cash and shares over four years. Magna Terra retains a board nominee right and holds a 1% NSR (subject to Orogen Royalties' 1% NSR). This provides non-dilutive liquidity and maintains exposure to upside. 5. Boleadora Project (Santa Cruz, Argentina): This project was returned to Magna Terra by a Newmont subsidiary (April 29, 2025). It is a large (55,000 hectares) gold-silver project located 17 km from Newmont's Cerro Negro mine. Magna Terra is currently seeking new strategic partners for this project. The previous LOI (July 28, 2025) with Andean Metals mentioned a 2% NSR capped at $20 million USD with a 1% buyback option for $2.5 million USD, which terms may apply to future agreements.