Mr. Lewis Lawrick reports

MAGNA TERRA EXPANDS THE ROCKY BROOK PROJECT, NEW BRUNSWICK

Magna Terra Minerals Inc. has expanded the footprint of the Rocky Brook project, located in the prolific Bathurst mining camp (BMC) of Northern New Brunswick. Seven claims totalling 5,770 hectares were strategically acquired via staking, covering known mineralized trends and geochemical anomalies.

The acquired claims include:

• Two large claims (4,080 ha) northeast of the Oxford property that cover recently released stream sediment anomalies showing elevated gold, silver and copper values;
• Two claims (500 ha) located within the Fournier Lake gold property;
• Two claims (895 ha) located immediately east of the Mount Ganong trend on the Restigouche property covering an area underlain by Tetagouche Group felsic volcanic rocks;
• One claim (295 ha) located within the eastern end of the Boudreau Brook-Fossil Hill property covering the McIntyre VMS (volcanogenic massive sulphide) prospect.

"These additional property acquisitions continue our strategy of adding prospective ground, further expanding our district-scale Rocky Brook project, which now totals 36,533 hectares. The staking of these claims increases our footprint in an emerging gold district along the Rocky Brook-Millstream fault, and associated splays at our Oxford and Fournier Lake properties. As well, we continue to add strategic claims enhancing our land position within the well-established base metal VMS belt as we participate in the revival of the historic Bathurst mining camp. The addition of these new claims further solidifies our large exploration landholdings in the heart of an established mining camp that is experiencing a renewal, with numerous companies ramping up exploration activity within the greater BMC. We continue to execute on our strategy of acquiring early stage precious and critical metal projects that offer good value and discovery upside for our shareholders, and this highlights our conviction that New Brunswick and Atlantic Canada remain underexplored, presenting a compelling opportunity for exploration and discovery. We look forward to updating shareholders on our plans for our spring/summer field programs in the coming weeks," stated Lew Lawrick, president and chief executive officer, Magna Terra.

Rocky Brook project highlights

VMS highlights

• The project covers a 40-kilometre extent of favourable California Lake felsic volcanic and sedimentary rocks that are host to the nearby Restigouche, Murray Brook and Caribou deposits.
• Identification of the Boudreau Brook-Fossil Hill trend -- a 15-kilometre trend of coincident geochemical and geophysical anomalies and historical prospects.
• Previous work at the Fossil Hill zone has discovered high-grade copper-cobalt mineralization with grab samples assaying up to 16.65 per cent Cu (copper) and 0.64 per cent Co (cobalt).
• Previous work at the Boudreau Brook prospect has discovered copper mineralization assaying up to 3 per cent Cu.
• The property covers the Restigouche C-4 and C-5 footwall Cu-rich "feeder" zones where previous historical drilling at the C-4 zone and in hole C-4 that intersected 4.36 m grading 0.2 per cent Cu (copper), 1.6 per cent Pb (lead) and 6.74 per cent Zn (zinc) (from 17.3 to 21.6 m). The best intersection in the C-5 zone was reported in hole C-5 that intersected 2.06 per cent Cu and 0.57 per cent Zn over 4.5 m (from 51.9 to 56.4 m).
• Located in the prolific Bathurst mining camp within the premier mining jurisdiction of New Brunswick.
• Year-round accessibility with road access to the majority of the property.

Gold highlights

• The project also covers a 30-kilometre extent of the Rocky Brook-Millstream fault system.
• Strategically positioned along strike from Kinross-Puma's Lynx zone gold discovery and adjacent to the past-producing Caribou mine and Murray Brook base metal deposits.
• Recent discovery in 2023 of high-grade gold assays from grab samples assaying up to 5.23 grams per tonne Au over a 350-metre strike length at Fournier Lake.

The Rocky Brook project

The Rocky Brook project comprises 36,533 hectares in 83 mineral claims making the company one of the single-largest strategic landholders in this historic mining camp. The Rocky Brook project is located adjacent to and along strike from the Williams Brook project, owned by Kinross Gold Corp. and Puma, where a zone of high-grade gold mineralization was discovered over broad widths including drill intervals up to 5.55 grams per tonne Au over 50.15 metres (refer to Puma's news release dated Sept. 15, 2021). The project is located adjacent to a 30-kilometre-long section of the Rocky Brook-Millstream fault and associated McIntyre and Ramsay Brook faults; an important structural zone controlling gold mineralization within the region. The project also covers volcanic and sedimentary rocks that show strong potential to host polymetallic Cu-Co-Pb-Zn-Au-Ag (copper-cobalt-lead-zinc-gold-silver) mineralization, adjacent to the past-producing Caribou mine and the Murray Brook deposit, which is the largest undeveloped VMS project in New Brunswick owned by Canadian Copper Inc.

The Bathurst camp

The BMC is one of the world's oldest base metal (lead, zinc, copper, gold and silver) mining districts hosting one of Canada's largest VMS deposits, with the past-producing Brunswick No. 12 mine having operated for 49 years. The BMC is host to over 46 mineral deposits, several of which have been mined, including the Brunswick No. 6, Heath Steele, Wedge, Stratmat, Half Mile Lake, Caribou and Murray Brook. A total of 136,643,367 tonnes of ore grading 3.44 per cent Pb, 8.74 per cent Zn, 0.37 per cent Cu and 102.2 g/t Ag were mined from the BMC (McCutcheon and Walker, 2020).

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 -- Standard for 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. The qualified person has not completed sufficient work to validate these historic results.

About Magna Terra Minerals Inc.

Magna Terra Minerals is a precious and critical metals 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 the company's ability to explore, grow 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 metals project in the historic Bathurst mining camp of New Brunswick; the recently acquired prospect Or's Dream gold project, 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 $10,075,000 over a four-year period, and currently holds an approximate 19-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.

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