Mr. Jason Jessup reports

MAGNA MINING ANNOUNCES CONDITIONAL APPROVAL TO GRADUATE TO THE TORONTO STOCK EXCHANGE

Magna Mining Inc. has received conditional approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange. Final approval of the listing is subject to the company fulfilling all of the requirements of the TSX, including receipt of all required documentation on or before July 29, 2026.

The company will issue a news release once the TSX confirms the date on which trading of Magna Mining's common shares is expected to commence on the TSX. Concurrently with the graduation to the TSX, the company's common shares will be delisted from the TSX-V. Shareholders are not required to exchange their share certificates or take any other action in connection with the TSX listing as there will be no change in the trading symbol or Cusip number for the common shares.

Jason Jessup, chief executive officer of Magna, stated: "Graduating to the Toronto Stock Exchange is a key deliverable for Magna Mining in 2026. A listing on the TSX will provide greater visibility and access to a wider range of potential investors as well as the opportunity to be included in various indices. As operational momentum continues at our producing McCreedy West copper/precious metals mine in Sudbury, Ont., we are actively evaluating the return of nickel mining operations at the mine, given the recent improvement in nickel prices. At Levack mine, we continue to advance towards a restart decision with active underground development and exploration under way in parallel with refurbishment of hoisting infrastructure and preparation of a preliminary economic assessment to be completed in the third quarter. At Crean Hill, we continue with surface infrastructure installation along with the advancement of a prefeasibility study targeted to be released at the end of Q3."

About Magna Mining Inc.

Magna Mining is a producing mining company with a strong portfolio of copper, nickel and platinum group metals assets located in the world-class Sudbury mining district of Ontario, Canada. The company's primary asset is the McCreedy West mine, currently in production, supported by a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky and Shakespeare.

Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside and near-term development opportunities across its asset base.

We seek Safe Harbor.