Magna Terra acquires Or's Dream gold project

Executive Summary

• Magna Terra Minerals Inc. has entered into an option agreement to acquire the "Or's Dream" epithermal gold project, a large-scale (15,923 hectares) prospective property located in north-central New Brunswick along the Moose Lake fault.
• The acquisition follows a 2025 prospecting discovery by independent prospectors who identified a significant boulder field and outcrop of low-sulphidation epithermal gold-bearing quartz veins over a 7.2-kilometre strike length.
• Initial sampling returned gold values up to 735 ppb, with 28 samples exceeding 100 ppb, indicating the potential for a large epithermal gold system in an underexplored region.

Key Details

• Transaction Structure: Magna Terra acquired the project via an option agreement dated January 21, 2026.
• Earn-In Terms: The company can earn a 100% interest by:
  • Paying $10,000 cash and issuing 141,000 common shares upon signing.
  • Paying $120,000 cash and $260,000 in cash and/or common shares over a four-year period ending January 21, 2030.
• Royalty Terms: The Optionor retains a 2% Net Smelter Royalty (NSR). Magna Terra has the right to purchase 1% of the NSR for $1 million and holds a right of first refusal on the remaining 1%.
• Share Consideration: Share issuances are based on the greater of $0.05/share or the 10-day VWAP. The maximum number of common shares issuable is 5,341,000. These shares are subject to a 4-month-and-1-day hold period and TSX Venture Exchange approval.
• Property Details: The project comprises 29 mineral claims totaling 15,923 hectares (726 units), situated along a 30-kilometre section of the Moose Lake fault.
• Geological Context: The property is hosted within Sheephouse Brook volcanic rocks and the South Branch Northwest Miramichi granite. It is part of a district-scale area including other prospects like Blitzen, Skull, Moose Lake, Stewart, and Pringle Brook.
• 2025 Prospecting Results:
  • Discovery made by prospectors Tim Lavoie and Pierre-Luc Guitard.
  • 132 rock float and outcrop samples collected.
  • Gold assays ranging from 1 ppb to 735 ppb.
  • 28 samples assayed over 100 ppb gold.
  • Specific high-grade samples from the Pringle Brook occurrence: 420 ppb, 430 ppb, and 570 ppb gold.
  • Samples show evidence of low-sulphidation epithermal environments (chalcedonic silica banding, bladed quartz texture).
• Future Plans: The technical team is compiling historic data and planning a spring/summer field program in 2026.

Notable Quotes

• "We are very excited to acquire this large, early stage epithermal gold project in an emerging gold district in north-central New Brunswick... Early stage prospecting has identified a minimum strike length of 7.2 kilometres, indicating the potential for discovery of a large low-sulphidation epithermal gold system in a region of the province previously unrecognized for precious metals deposition." — Lew Lawrick, President and CEO