The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated Jan. 28, 2026, between Magna Terra Minerals Inc. and an arm's-length party. Pursuant to the agreement, the company shall earn a 100-per-cent interest in five mineral claims, forming the Oxford project in northern New Brunswick.

The number of common shares to be issued 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. As such, the maximum number of common shares issuable by the company with respect to the $70,000 due is 1.4 million common shares.

The vendor retains a 1.5-per-cent net smelter return (NSR) royalty on the sales of metals and minerals mined from the property, with a 0.5-per-cent NSR purchasable by the company for $500,000. The company has a right of first refusal on the remaining 1-per-cent NSR.

For further details, please refer to the company's news release dated Jan. 29, 2026.