Magna Terra Reports Gold Assays and Greatly Expands Footprint of the Fournier Lake Gold Property on Its Rocky Brook Project

The most recent news release from Magna Terra Minerals Inc. (MTT) on December 1, 2025, announces initial gold assay results and a significant expansion of its Fournier Lake Gold Property, part of the larger Rocky Brook Project in New Brunswick.

Key points from the release: - Exploration Results: 91 rock grab samples were collected from surface. The highest assay returned 2.11 g/t Au (sample K210229). Assays ranged from <5 ppb to 2.11 g/t Au over a 350-metre strike extent. - Property Expansion: The company expanded the Fournier Lake Property by staking an additional 3 claims covering 8,829.4 hectares to the northeast of the Rocky Brook-Millstream Fault. The total Rocky Brook Project now comprises 28,024 hectares across 70 mineral claims. - Geological Context: The expansion follows the recognition of similar prospective host rocks and fault structures north of the regional fault. The project is situated in the greater Bathurst Mining Camp, known for its VMS (base metal) potential, but with emerging high-grade gold discoveries nearby (e.g., Puma's Williams Brook Project). - Management Commentary: President and CEO Lew Lawrick expressed satisfaction with the early discovery of gold mineralization and the strategic expansion, noting that the project offers exposure to both precious and base metals. The company plans to compile data and assess gold targets across the expanded land package. - Disclaimers: Grab samples are selective and may not represent true metal content. Historic results have not been validated by the Qualified Person.

This news is a positive update on Magna Terra's Rocky Brook Project, but it is categorized as "Routine - Positive" rather than "Material - Positive". While the discovery of gold mineralization with grab samples up to 2.11 g/t Au is encouraging and confirms the project's precious metal potential, grab samples are inherently selective and do not provide a reliable indication of overall grade or width. This is an early-stage exploration result that warrants follow-up, not a definitive discovery of an economic deposit.

The significant expansion of the land package by staking an additional 8,829.4 hectares, bringing the total Rocky Brook Project to 28,024 hectares, is strategically sound. It demonstrates the company's commitment to the region and its belief in the broader prospectivity along the Rocky Brook-Millstream Fault. This expansion, achieved through cost-effective staking, increases the potential for future discoveries without direct dilutive financing associated with acquisition.

In the context of previous news: - Rocky Brook Project: Magna Terra acquired the initial Rocky Brook Project in December 2024 and expanded it in March 2025. Exploration work commenced in May 2025, with findings including massive sulphide boulders in July 2025 and earlier high-grade gold assays (up to 5.23 g/t Au) from grab samples in 2023 at Fournier Lake (as referenced in the Dec 2024 acquisition news). This current news confirms gold mineralization in the expanded Fournier Lake area and shows consistent progress. - Humber Project: More recently, the Humber Copper-Cobalt Project in Newfoundland has seen more impactful exploration news. The November 4, 2025, release reported the extension of surface copper mineralization to 2.2 km, followed by the November 18, 2025, release indicating a potential minimum 1.7 km additional strike extension for copper mineralization based on soil survey results (with assays up to 2150 ppm Cu). These Humber results, which outline a larger-scale, more consistent zone of critical metal mineralization, were rated as "Material - Positive" due to the confirmed strike length and higher potential for a significant deposit type (SSC). - Overall Strategy: The company continues to advance multiple projects across different jurisdictions (Newfoundland, New Brunswick, Argentina for Luna Roja). The Rocky Brook update is another piece of the exploration puzzle, validating its gold potential and expanding its footprint, aligning with the company's stated strategy of advancing low-cost, high-upside exploration assets.

While positive, this news does not represent a "game changer" or a significant upgrade that materially alters the company's near-term valuation or significantly exceeds prior expectations in the same way the Humber news did. It is a solid, routine exploration update that expands prospectivity.

Magna Terra Minerals Inc. (MTT) is a Canadian junior exploration company focused on the acquisition, exploration, and development of mineral projects, primarily in Atlantic Canada (Newfoundland and Labrador, New Brunswick) and Argentina. The company's strategy involves leveraging its project portfolio to generate non-dilutive liquidity through option agreements while advancing its priority exploration assets.

Flagship Projects: 1. Humber Copper-Cobalt Project (Western Newfoundland): This is a 100%-owned, district-scale land package comprising 49,925 hectares. It is focused on critical metal discovery, specifically sediment-hosted stratiform copper (SSC) deposits, which are significant global producers of copper and cobalt. - Development: Initial airborne geophysical surveys began in June 2025. Early prospecting discovered in-situ copper mineralization (malachite, bornite, chalcopyrite) in bedrock over a 700m strike length (July 2025), with initial assays up to 1.26% Cu and 2.8 g/t Ag. Subsequent work extended the surface copper mineralization along the Hughes Lake Trend to 2.2 km (November 2025) with potential for an additional 1.7 km strike extension based on soil sampling results (up to 2150 ppm Cu), confirming strong prospectivity. The project is considered to have a "first-mover advantage" in a previously unrecognized area. - Royalties: Royalty-free (acquired through staking).

2. Rocky Brook Project (Bathurst Mining Camp, Northern New Brunswick): This project covers a large 28,024-hectare land package strategically positioned in the prolific Bathurst Mining Camp, known for VMS (base metal) and emerging high-grade gold discoveries.
   • Development: Acquired in December 2024 and expanded in March 2025 and again in December 2025. Exploration work began in May 2025, identifying massive sulphide boulders over a 250m strike length (July 2025) and confirming gold mineralization at Fournier Lake (up to 2.11 g/t Au from grab samples in the latest news, with historical grab samples up to 5.23 g/t Au in 2023). It covers the Restigouche C-4 and C-5 footwall Cu-rich feeder zones with historical drill intercepts of base metals. It is adjacent to the Kinross-Puma Williams Brook Project (high-grade gold) and the past-producing Caribou Mine and Murray Brook base metal deposits.
   • Royalties: Subject to a 2% Net Smelter Return (NSR) royalty to Prospect Or Corp., with a buy-back option for 1% NSR for $1 million.

Other Key Projects: - Cape Spencer Gold Project (Southern New Brunswick): 100%-owned after earn-in completion in September 2025. Hosts inferred mineral resources of 1.72 million tonnes at 2.72 g/t Au for 151,000 ounces. Historically reported drill intercepts include 7.86 g/t Au over 7.4m. The project has no royalties held by previous owners (only the 1% NSR from Orogen Royalties mentioned in some prior context, which is actually for Luna Roja). - Luna Roja Project (Santa Cruz, Argentina): Optioned to Andean Metals Corp. for total consideration of $2.375 million (USD) in cash and shares over four years. Magna Terra retains the right to a nominee on Andean's board. The project is subject to a 1% NSR to Orogen Royalties Inc. - Boleadora Project (Santa Cruz, Argentina): Previously under LOI with Andean Metals but the agreement did not proceed. The project, which was previously retained from Newmont's subsidiary Oroplata SA, remains available for option or purchase.