Magna Terra Acquires 100% Interest in Three Epithermal Gold-Silver Projects in Santa Cruz Province, Argentina

Magna Terra Minerals Inc. has acquired a 100% interest in three epithermal gold-silver projects in Santa Cruz Province, Argentina: Cerro Covadonga, El Meridiano, and La Rosita. The acquisition covers approximately 79,000 hectares and was structured to eliminate an existing 2% Net Smelter Royalty (NSR) on each project. Consideration consists of a nominal US$25,000 cash payment and the issuance of 1,250,000 common shares. Shares are subject to a four-month-and-one-day regulatory hold period and require TSX Venture Exchange approval.

Magna Terra Minerals Inc. (MTT) has eliminated the 2% NSR on three projects, a move that materially improves the long-term economics of its Argentine portfolio by removing a recurring revenue leak that would have impacted any future royalty or joint venture monetization. The transaction involves the issuance of 1,250,000 shares, representing approximately 1.15% of the current 108.36 million share count. This dilution is considered manageable and is offset by the $3.75 million financing closed two days prior. The company’s nominal US$25,000 cash outlay versus the avoided US$290,000 in option cash payments demonstrates efficient capital preservation.

Magna Terra Minerals Inc. is a district-scale exploration company focused on early-stage gold, silver, copper, and cobalt projects in Newfoundland, New Brunswick, and Argentina. The company operates entirely in the exploration phase with no production or defined reserves. Management emphasizes a strategy of acquiring large, low-cost land packages in premier jurisdictions and advancing them through systematic exploration, geophysics, and partnership monetization.