Magna Terra enters option to acquire Oxford

Mr. Lewis Lawrick reports MAGNA TERRA EXPANDS LAND POSITION IN NORTHERN NEW BRUNSWICK; ACQUIRES THE OXFORD PROJECT Magna Terra Minerals Inc. has acquired the Oxford project, located in northern New Brunswick, through an option agreement. The project underlying the option agreement comprises five mineral claims totalling 3,400 hectares that are situated along and adjacent to the Rocky Brook-Millstream fault system within the greater Bathurst mining camp. The project was acquired due to the presence of the high-grade polymetallic Oxford Brook occurrence, where previous work has shown grab samples assaying up to 59.1 grams per tonne silver, 8.9 per cent zinc, 5.16 per cent lead and 2.71 g/t gold and the proximity (seven kilometres) of the project to the Puma Exploration-Kinross's Williams Brook gold project. "We are pleased to acquire the Oxford project and continue to increase our footprint in an emerging gold district. The Oxford project with its proximity to Puma/Kinross's Williams Brook property and strategic location along a 14-kilometre section of the Rocky Brook-Millstream fault complements our existing 28,089-hectare Rocky Brook project, and offers shareholders enhanced exposure to this developing exploration story. 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 and highlights our belief that New Brunswick and Atlantic Canada remain underexplored, presenting a compelling opportunity for exploration and discovery. We have been aggressively acquiring additional mineral claims in the region primarily focused on gold with recent acquisitions at Fournier Lake and prospect Or's Dream. "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," said Lew Lawrick, president and chief executive officer, Magna Terra. Oxford project highlights: Polymetallic volcanogenic massive sulphide and gold mineralization with rock grab samples assaying up to 59.1 g/t Ag, 8.9 per cent Zn, 5.16 per cent Pb and 2.71 g/t Au; 3,400-hectare property located seven kilometres to the northwest of Puma Exploration-Kinross's Williams Brook discovery; Located along a 14-kilometre extent of the prospective Rocky Brook-Millstream fault; Multiple exploration targets identified by previous work that require follow-up testing; and No previous systematic exploration for gold along the RBMF. Geology and previous exploration at Oxford The Oxford project is centred on a band of mid-Ordovician felsic volcanic rocks and associated subvolcanic intrusives. Precious and base metal mineralization was discovered by trenching, and is hosted within felsic volcanic rocks with volcanogenic massive sulphide style zinc-lead-silver mineralization. The project is adjacent to and northwest of the regional-scale RBMF that is known to host orogenic gold mineralization. Previous exploration work on the Oxford project has led to the discovery of gold and base metal mineralization starting in 2013, when prospectors Tim Lavoie and Pierre-Luc Guitard discovered mineralization assaying up to 2.71 g/t Au, up to 14.9 g/t Ag, up to 1.11 per cent Zn and up to 0.48 per cent Pb from 23 rock grab samples collected during initial exploration. Follow-up sampling in 2014 resulted in rock samples from a trench exposure assaying up to 59.1 g/t Ag, 8.9 per cent Zn and 5.16 per cent Pb (work reports 477598 and 477875). Between 2014 and 2017, Fancamp Exploration Ltd. and Altius Resources Inc. completed trenching, collected an additional 319 rock grab, channel and chip samples, collected 2,154 B-horizon soils samples, completed 58 line kilometres of ground magnetic and very low frequency/electromagnetic surveys, and excavated several trenches exposing bedrock mineralization. The collective work tested 18 priority targets (OB-01 to OB-18), mainly combined electromagnetic and magnetic targets over the property, including the original trenched showing, target OB-08 (work reports 477876, 477975, 477977, 478166 and 478482). Sixteen rock samples have assayed over 100 parts per billion Au (4.8 per cent), 15 rock samples (4.5 per cent) assayed greater than four g/t Ag, 53 rock samples (16.0 per cent) assayed greater than 0.05 per cent Zn and 49 rock samples (14.7 per cent) assayed greater than 0.05 per cent Pb. In 2022, Canadian Metals Inc. completed an induced polarization survey that identified several targets for follow-up drill testing in 2023. A total of 836 metres in five drill holes were completed by Canadian Metals as outlined in its news release dated May 1, 2024. Although no detailed results of the exploration work were disclosed, drilling did not intersect significant values of Au, Ag, Zn or Pb, and the host felsic volcanic rocks were only intersected in one drill hole. Work on the property to date has not tested for gold mineralization along or adjacent to the RBMF, which runs along the eastern edge of the Oxford project and is one of the controlling structures for Puma-Kinross's recent gold discoveries to the immediate east of the Oxford project. Option agreement and payment details The company has acquired the Oxford project (covering five mineral claims) from the optionor under an option agreement dated Jan. 28, 2026. The company can earn a 100-per-cent interest in the Oxford project by paying $5,000 in cash upon signing; with $25,000 in cash and $70,000 in cash and/or common shares payable over a four-year period ending Jan. 28, 2030. The optionor retains a 1.5-per-cent net smelter royalty on the sales of metals and minerals mined from the property with 0.5 per cent of the NSR purchasable by the company for $500,000. Magna Terra has a right of first refusal on the remaining 1-per-cent NSR. All share issuances will be based on the greater of five cents per share or the 10-day volume-weighted average price on the date a payment is due, and the company elects to make such payment in common shares. As such, the maximum number of common shares issuable by the company with respect to the potential share consideration payable for the option agreement is 1.4 million common shares. The common shares which may be issued under the agreement will be subject to a regulatory four-month-and-one-day hold period from their date of issuance and are subject to approval by the TSX Venture Exchange. Qualified person and technical notes This news release has been reviewed and approved by David A. Copeland, PGeo, a qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects). All quoted drill core and rock samples results were compiled from historic assessment and government reports obtained from the government of New Brunswick (work reports 477598, 477875, 477876, 477975, 477977, 478166 and 478482). The qualified person has not completed sufficient work to validate these historic results. About Magna Terra Minerals Inc. Magna Terra is a precious- and critical-metal-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 its ability to explore, expand 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 metal project in the historic Bathurst mining camp of New Brunswick; and its 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 24.9-per-cent equity interest in Gold Hunter. The company has also optioned the Luna Roja project in Argentina to Lunex Metals Corp. (formerly Andean Metals Corp.) for total cash and share consideration of $2,375,000 over a four-year period. Further, the company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its large 100-per-cent-owned Boleadora project, as well as several additional district-scale drill-ready projects available for purchase or option/joint venture. We seek Safe Harbor.