Further to the TSX Venture Exchange bulletins dated Sept. 8, 2020, and Oct. 21, 2022, the exchange has accepted for filing an amended agreement between Magna Terra Minerals Inc. and an arm's-length party in respect of the August, 2020, option agreement regarding the option to acquire a 100-per-cent interest in the Marigold property. The agreement was accepted by the exchange on Sept. 8, 2020.

The amending agreement provides for changes to the option period to acquire the property over a five-year period rather than a four-year period. Pursuant to the amending agreement, the company has paid $40,181 in cash and issued 1,472,799 common shares of the company to the optionor to date. The fourth anniversary payment will consist of a $25,000 payment in cash and a $35,000 payment in cash and/or in shares up to a maximum of 700,000 shares, to be determined based on the greater of five cents per share or the 20-day volume weighted average price on the date the fourth anniversary payment is due and the company elects to make such payment in common shares. The fifth anniversary payment will consist of $35,000 in cash.

For more information, please refer to the company's news releases dated Aug. 27, 2020, Aug. 31, 2020, Sept. 15, 2022, Oct. 12, 2022, and Sept. 27, 2023.