19:56:36 EDT Thu 04 Jun 2026
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Magna Terra Minerals Inc (2)
Symbol MTT
Shares Issued 108,357,418
Close 2026-06-04 C$ 0.175
Market Cap C$ 18,962,548
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Magna Terra begins Rocky Brook, Prospect exploration

2026-06-04 18:41 ET - News Release

Mr. Lewis Lawrick reports

MAGNA TERRA COMMENCES EXPLORATION AT THE ROCKY BROOK AND PROSPECT OR'S DREAM PROJECTS, NEW BRUNSWICK

Magna Terra Minerals Inc. has commenced its summer exploration programs at the Rocky Brook and Prospect Or's Dream projects, located in the prolific Bathurst mining camp of northern New Brunswick. The work is part of a phase 1 2026 field program designed to generate additional exploration targets for follow-up testing in the later half of 2026 into 2027.

The planned work includes the following.

Rocky Brook project:

  • 2,500 soil samples covering the Restigouche and Boudreau Brook-Fossil Hill trend;
  • 787-line-kilometre airborne magnetic and electromagnetic survey covering the recently expanded Fournier Lake gold property;
  • Prospecting and geological mapping following up on geochemical, geophysical and machine learning targets generated in 2025; and
  • Trench mapping and channel sampling at the Fossil Hill zone that was exposed in late 2025.

Prospect Or's Dream project:

  • 1,000 soil samples covering the recently discovered gold trend;
  • 1,042-line-kilometre airborne magnetic and electromagnetic survey; and
  • Initial prospecting and geological mapping of the epithermal gold discovery made in 2025.

"We are eager to commence phase 1 exploration activities on our priority projects within our New Brunswick portfolio. Phase 1 will not only look to follow up on exploration targets generated during our initial work on both the Rocky Brook and Prospect Or's Dream projects in 2025, but also generate additional priority targets on each project. Prospecting and geological mapping will be focused on following up on the base metal and gold targets that we generated in 2025 via a combination of geochemical sampling, geophysical data interpretation and a machine learning targeting exercise while additional soil geochemical sampling and airborne magnetic and electromagnetic surveys over areas not previously covered will continue to build up our exploration target base. This year will be particularly exciting as we launch our initial exploration campaign at the large Prospect Or's Dream low-sulphidation epithermal gold project and a greatly expanded Fournier Lake gold property in the Bathurst mining camp in what is rapidly becoming a growing gold story in northern New Brunswick," said Lew Lawrick, president and chief executive officer, Magna Terra.

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 gold 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 copper-cobalt-lead-zinc-gold-silver mineralization, adjacent to the past-producing Caribou mine and the Murray Brook deposit, which is the largest undeveloped volcanogenic massive sulphide project in New Brunswick owned by Canadian Copper Inc.

The Prospect Or's Dream project

The Prospect Or's Dream project comprises 15,923 hectares in 29 mineral claims that are located along a 30-kilometre extent of the prospective Moose Lake fault. The property is centred on a new gold discovery from 2025 where low-sulphidation epithermal gold-bearing quartz veins were identified that are hosted within rhyolite, andesite and granites over a minimum 7.2-kilometre strike length. Assays from preliminary prospecting include grab samples with values up to 735 parts per billion gold.

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 grams per tonne 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 non-independent consultant to the company, a qualified person under National Instrument 43-101 (Standards of 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 is a precious- and critical-metal-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 its ability to explore, expand 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 metal 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 approximately 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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