Mr. Lewis Lawrick reports

MAGNA TERRA ANNOUNCES RESULTS OF ANNUAL AND SPECIAL MEETING

All resolutions proposed to shareholders at Magna Terra Minerals Inc.'s annual and special meeting held today were duly passed.

All the nominees listed in the management information circular for the meeting were elected as directors of the company. Detailed results of the vote for the election of directors are set out in the attached table.

           VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee            Votes for    % for    Votes against    % against

Michael Byron     29,967,037    99.81%          55,717         0.19%    
Patricia Kajda    29,966,859    99.81%          55,895         0.19%    
Lewis Lawrick     29,894,645    99.57%         128,109         0.43%    
Gernot Wober      29,967,037    99.81%          55,717         0.19%    

In addition: (i) McGovern Hurley LLP was reappointed as the company's auditor for the ensuing year, and the directors were authorized to fix its remuneration; and (ii) the company's stock option plan has been ratified and approved.

About Magna Terra Minerals Inc.

Magna Terra is a precious-metal-focused exploration company, headquartered in Toronto, Canada. Magna Terra owns two district-scale, resource-stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its Boleadora project, being advanced by Newmont Corp. under an option to purchase agreement; a precious metal discovery on its Luna Roja project proximal to Cerrado Gold's operating Don Nicholas project; and several additional district-scale drill-ready projects available for purchase or option/joint venture.