Magna Terra enters option to acquire Oxford

Executive Summary

• Magna Terra Minerals Inc. has acquired the Oxford project in northern New Brunswick through an option agreement, expanding its footprint in the Bathurst mining camp.
• The project comprises 3,400 hectares along the Rocky Brook-Millstream fault system, situated 7 km from Puma Exploration-Kinross's Williams Brook gold project.
• The acquisition includes historic high-grade polymetallic grab samples (up to 59.1 g/t Ag, 8.9% Zn, 5.16% Pb, 2.71 g/t Au) and offers strategic exposure to an emerging gold district.

Key Details

• Asset Details: The Oxford project consists of five mineral claims totaling 3,400 hectares, located along and adjacent to the 14-kilometre Rocky Brook-Millstream fault system within the greater Bathurst mining camp.
• Strategic Location: The property is located seven kilometres northwest of Puma Exploration-Kinross's Williams Brook gold discovery.
• Historic Assay Results:
  • Grab samples from the Oxford Brook occurrence assayed up to 59.1 g/t silver, 8.9% zinc, 5.16% lead, and 2.71 g/t gold.
  • 2013 initial exploration found samples up to 2.71 g/t Au, 14.9 g/t Ag, 1.11% Zn, and 0.48% Pb.
  • 2014 follow-up sampling yielded up to 59.1 g/t Ag, 8.9% Zn, and 5.16% Pb.
  • Between 2014-2017, 319 rock grab/channel/chip samples were collected; 16 samples assayed >100 ppb Au, 15 >4 g/t Ag, 53 >0.05% Zn, and 49 >0.05% Pb.
  • 2022 IP survey identified targets; 2023 drilling by Canadian Metals (836m in 5 holes) did not intersect significant values, though host rocks were only intersected in one hole.
• Option Agreement Terms:
  • Signing Payment: $5,000 cash.
  • Earn-In Payments: $25,000 cash and $70,000 in cash and/or common shares payable over a four-year period ending January 28, 2030.
  • Royalty: Optionor retains a 1.5% Net Smelter Royalty (NSR).
  • NSR Buyback: Company has the right to purchase 0.5% of the NSR for $500,000 and holds a right of first refusal on the remaining 1% NSR.
• Share Issuance Terms:
  • Share payments are based on the greater of $0.05/share or the 10-day VWAP on the payment date.
  • Maximum potential share issuance: 1.4 million common shares.
  • Shares are subject to a 4-month-and-1-day hold period and TSX Venture Exchange approval.
• Future Plans: Technical team to compile historic data in coming weeks; spring/summer field program planned for 2026.

Notable Quotes

• "We are pleased to acquire the Oxford project and continue to increase our footprint in an emerging gold district... The acquisition of the Oxford project furthers the company's strategy of acquiring early-stage precious and critical metal projects that offer good value and discovery upside for our shareholders..." — Lew Lawrick, President and CEO.
• "Our technical team will be completing a full compilation of historic data on the project in the coming weeks and will undertake planning for a spring/summer field program in 2026." — Lew Lawrick, President and CEO.