Mr. Lewis Lawrick reports

MAGNA TERRA PARTNER GOLD HUNTER RESOURCES COMMENCES 10,000-METRE DRILL PROGRAM AT GREAT NORTHERN PROJECT, NEWFOUNDLAND

Magna Terra Minerals Inc. partner Gold Hunter Resources Inc. has commenced a 10,000-metre diamond drill program at the Great Northern project in western Newfoundland.

The Great Northern project is a large (26,237-hectare (ha)) advanced gold exploration project consolidated by Gold Hunter that includes Magna Terra's 13,775-hectare Great Northern and Viking projects that are under option to Gold Hunter. The greater project area is centred along a 40-kilometre (km) section of the Doucer's Valley fault zone (DVFZ), a major regional structure that is a control on, and host to, several gold deposits and untested prospects, including the Rattling Brook and Thor deposits, plus the Incinerator, Furnace, Jackson's Arm, Viking, Kramer, Viking North and Little Davis Pond mineralized trends. Additionally, Magna Terra's Shellbird gold project is located 30 kilometres to the southwest along strike of the DVFZ.

"We are very pleased to see this drill program get under way. This significant drill program will look to confirm and expand on the known resource areas, as well as test numerous first priority targets for potential new discoveries on this district-scale land package. As the largest shareholder of HUNT (approximately 55 million shares representing an undiluted 19-per-cent interest), we are highly leveraged to any success this comprehensive drill program will deliver. This drill program along with the exploration advancements we are making on our own priority exploration projects both in Newfoundland and New Brunswick, as well as anticipated drill results from our partner Lunex Metals on our optioned Luna Roja project in Santa Cruz province, Argentina, will deliver significant news flow and multiple potential rerating catalysts forthcoming through the rest of 2026 and into 2027," stated Lew Lawrick, president and chief executive officer, Magna Terra.

Great Northern project option terms

Magna Terra entered into an option agreement with Gold Hunter in June, 2024, which was amended in March, 2026. The amended terms of the agreement are detailed in the attached table.

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 and qualified person under National Instrument 43-101, Standard for Disclosure for Mineral Projects.

About Magna Terra Minerals Inc.

Magna Terra 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 its ability to explore, grow and transact projects. The company is focused on exploring its 100-per-cent-owned Humber copper-cobalt and Shellbird gold projects 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; and 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 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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