MTT.V · 2026-01-22 12:00:00

Magna Terra Acquires Large, Prospective Prospect Or's Dream Epithermal Gold Project in North-Central New Brunswick

Mergers & Acquisitions

Magna Terra Acquires Large, Prospective

Prospect Or's Dream Epithermal Gold Project

in North-Central New Brunswick

Toronto, Ontario--(Newsfile Corp. - January 22, 2026) -

Magna Terra Minerals Inc

(TSXV: MTT)

(the

Company

" or "

Magna Terra

") is pleased to announce that it has acquired via an option agreement the

sizeable, prospective Prospect Or's Dream Epithermal Gold Project (the "Project"), located in north-

central New Brunswick. The Project underlying the option agreement comprises 29 mineral claims

totaling 15,923 hectares that are situated along and adjacent to a 30-kilometre section of the Moose

Lake Fault

(Figure 1)

Epithermal-style quartz vein boulders and adjacent outcrop at the east end of the property were first

discovered in the summer of 2025 and there is no record of historical sampling or exploration work on

much of the property outside of the nearby Skull Zone.

Prospect Or's Dream Project Highlights

New gold discovery in 2025 by prospectors Tim Lavoie and Pierre-Luc Guitard;

Identified a boulder field and outcrop of low-sulphidation epithermal gold-bearing quartz veins

hosted within rhyolite, andesite and granites over a minimum 7.2-kilometre strike length;

Assays from preliminary prospecting with values up to 735 ppb gold;

District scale property comprising 15,923 hectares in 29 mineral claims (726 units);

Located along a 30-kilometre extent of the prospective Moose Lake Fault; and

Other prospects within the area include Blitzen, Skull, Moose Lake, Stewart, and Pringle Brook.

"We are very excited to acquire this large, early-stage epithermal gold project in an emerging gold

district in north-central New Brunswick. The discovery, through traditional prospecting of a large area

of gold-bearing epithermal quartz veins in this new environment along the Moose Lake Fault

highlights the potential of this area to host a significant precious metals deposit. The shear magnitude

of the epithermal-style quartz vein boulder field and adjacent outcrop we witnessed on a site visit in

late October was significant. Early-stage prospecting has identified a minimum strike length of 7.2

kilometres, indicating the potential for discovery of a large low-sulphidation epithermal gold system in

a region of the province previously unrecognized for precious metals deposition.

The acquisition of the Prospect Or's Dream Project fits with the Company's strategy of acquiring early-

stage precious and critical metal projects that offer good value and discovery upside for our

shareholders, and highlights our belief that New Brunswick and Atlantic Canada are under-explored

and present a compelling opportunity for exploration and discovery.

Our technical team will be completing a full compilation of historic data on the Project in the coming

weeks and will undertake planning for a spring/summer field program in 2026."

~ Lew Lawrick, President and CEO, Magna Terra Minerals Inc.

2025 Prospecting Program

Prospecting in the summer of 2025 by prospectors Tim Lavoie and Pierre-Luc Guitard resulted in the

discovery of a field of numerous angular and sub-angular boulders and nearby outcrop of epithermal

textured quartz veins. Prospecting resulted in the collection of 132 rock float and outcrop samples* with

gold assays ranging from 1 ppb gold up to 735 ppb gold with 28 samples assaying over 100 ppb gold

(Figures 1 and 2)

. Many of the quartz veins sampled show evidence of forming in a low-sulphidation

epithermal environment including the presence of chalcedonic silica banding and bladed quartz texture

(Figures 3, 4, and 5).

Sampling at the Pringle Brook occurrence returned 3 samples of epithermal quartz veins that assayed

420, 430, and 570 ppb gold

(Figure 1)

While the gold assays to date from rock float and grab samples do not exhibit high gold grades (e.g. >

5.0 g/t gold), these results are indicative of a gold bearing near-surface epithermal gold system hosted

within Sheephouse Brook volcanic rocks and the South Branch Northwest Miramichi granite that extends

over an approximate 7.2 kilometres strike extent along and adjacent to the Moose Lake Fault in the

central part of the property.

Project Geology

The Project is centred along a 30 kilometre section of the Moose Lake-Tomogonops-Tozer Fault system

("Moose Lake Fault Zone" or "MLFZ"), a regional-scale fault zone that separates middle to late

Ordovician volcanic and sedimentary rocks of the Sheephouse Brook Group and Cambrian to Lower

Ordovician Miramichi Group to the south of the MLFZ from Middle to late Ordovician Tetagouche and

California Lake groups to the north of the MLFZ. Regionally, the Tetagouche and California Lake groups

are host to volcanogenic massive sulphide deposits of the Bathurst camp

(Figures 1 and 2)

The less explored Sheephouse Brook and Miramichi groups are preferentially intruded by Late

Ordovician Clearwater Lake and Stony Brook felsic porphyritic intrusives amongst others.

All rocks on both sides of the fault are intruded by Late Silurian to Early Devonian North Pole and South

Branch Northwest Miramichi granites, particularly on the western side of the property, indicating that the

area has been subject to episodic intrusive and deformation and faulting from the Late Ordovician to the

Devonian.

There are several NW-SE striking faults that form splays off of the main MLFZ including the Kagoot

Brook Fault, Hubbards Pond Fault, Clearwater Stream Fault, Sheephouse Brook Fault, Mahals Brook

Fault, Mountain Brook Fault, and the Pringle Broom Fault.

Option Agreement and Payment Details

The Company has acquired the Prospect Or's Dream property (covering 29 mineral claims) from the

Optionor under an option agreement dated January 21, 2026. The Company can earn a 100% interest in

the Project by paying $10,000 in cash and issuing 141,000 common shares upon signing; with $120,000

in cash and $260,000 in cash and/or common shares payable over a four-year period ending January

21, 2030. The Optionor retains a two percent (2%) net smelter royalty (the "NSR") on the sales of metals

and minerals mined from the property with 1% of the NSR purchasable by the Company for $1,000,000.

Magna Terra has a Right of First Refusal on the remaining 1% NSR.

All share issuances will be based on the greater of $0.05 per share or the 10-day volume weighted

average price on the date a payment is due, and the Company elects to make such payment in common

shares. As such, the maximum number of common shares issuable by the Company with respect to the

potential share consideration payable for the option agreement is 5,341,000 common shares.

The common shares which may be issued under the agreement will be subject to a regulatory four month

and one day hold period from their date of issuance and are subject to approval by the TSX Venture

Exchange.

Figure 1:

A map showing the location of the Prospect Or's Dream Project, adjacent exploration

projects, fault zones, and mineral occurrences.