Magna Terra Provides a Recap of 2024 Activities and Outlines Its Key Catalysts FOR 2025
MAGNA TERRA PROVIDES A RECAP OF 2024 ACTIVITIES AND OUTLINES ITS KEY
CATALYSTS FOR 2025
Toronto, Ontario – January 21, 2025 – Magna Terra Minerals Inc. (the “Company” or “Magna Terra”) (TSX-V:
MTT) is pleased to provide a recap of the Company’s activities and significant achievements from 2024 and a look
forward to numerous catalysts upcoming in 2025 across its deep and varied project portfolio.
“2024 was a transformative year for Magna Terra and its shareholders. We have put ourselves in position to benefit
significantly from advanced exploration activities on multiple projects in our diversified portfolio. We look forward
to Newmont making further exploration advancements following up on the exciting discoveries they have made on our
Boleadora Project in Argentina; to Gold Hunter advancing our Great Northern Project in western Newfoundland
with the first large scale comprehensive diamond drill pr ogram ever undertaken on the enlarged property package;
as well as the detailed exploration work we will plan and undertake on our own 100% -owned gold and critical
minerals projects in the premier jurisdictions of Newfoundland and New Brunswick. This is further enhanced with the
knowledge that we do not need to undertake any significant financing as we anticipate the receipt of CDN$3.4 million
in cash and share payments by mid- year from our project option agreements. The recent investment by Mr. Michael
Gentile in Magna Terra is indicative of the value proposition that Magna Terra currently represents.”
Lew Lawrick – President, CEO, and Director
Significant achievements in 2024 included:
• The identification of several new gold trends with new geochemical and geophysical anomalies, expanding
the scale and number of high priority targets for follow -up at the Great Northern Project in western
Newfoundland.
• Project partner Newmont Corporation (“Newmont”), identified a large 8 by 10 kilometre anomalous precious
metals target on the Company’s Boleadora Project in Santa Cruz Province, Argentina. Boleadora is a large
property contiguous to Newmont’s large operating Cerro Negro mining complex, where Newmont is earning
in under a 100% purchase option, subject to certain underlying payment obligations.
• Receipt of a CDN$200,000 payment from Opus One Gold Corp. under the o ption agreement regarding the
sale of the Company’s Noyell Project in Quebec. This was the final payment related to this option agreement.
• Signing of a Definitive Purchase Agreement with Gold Hunter Resources Inc. (“Gold Hunter”) for the option
to purchase the Company’s Great Northern Gold Project in western Newfoundland for gross proceeds of $9.5
million payable in cash and Gold Hunter shares over a period of 2 years from signing. CDN $1.375 million
in cash and Gold Hunter shares was received upon signing.
• Acquisition of the large district-scale Humber Cu -Co Project in western Newfoundland via staking, giving
the Company a large and strategic regional scale land position with the potential to host a significant critical
minerals discovery, at a very low acquisition cost.
• Acquisition by staking of the 8-kilometre long Hughes Lake Cu -Co trend, increasing our Humber Project
area by 23%.
• Project partner Gold Hunter, completed a detailed data compilation on the Company’s Great Northern Project
and initiated a property wide airborne VTEM geophysical survey as well as a systematic prospecting and
mapping program over the enlarged project area.
• Renowned junior mining and exploration investor Mr. Michael Gentile ’s acquisition of a 19.99% share
ownership in the Company via an open market purchase of shares.
• Signing of Definitive Option Agreements to acquire the Rocky Brook Project in northern New Brunswick in
the heart of the historically prolific Bathurst Mining Camp. Rocky Brook is a large district-scale land package
located adjacent to and along strike to the high-grade Williams Brook gold discovery owned by Kinross Gold
Corp. and Puma Exploration Inc. Rocky Brook is in the heart of an emerging gold district as well as a world
class base metals camp.
Outlook and anticipated catalysts for 2025 include:
• Receipt of an exploration summary update from Newmont on their exploration activities in 2024 on the
Company’s Boleadora Project , as well as the ir exploration plans for 2025 which is anticipated to include a
maiden drilling program on the priority target areas identified to date.
• Receipt of CDN$3.4 million in cash and marketable securities for the underlying option payments due from
Newmont on the Boleadora Project , and Gold Hunter on the Great Northern Project. Payments are due by
mid-June 2025.
• Completion of the VTEM geophysical survey at the enhanced Great Northern Project by Gold Hunter, which
will further underpin planning and execution of a large diamond drill program to be undertaken on the project
in the spring. Multiple first order targets will be tested for additional discovery potential, as well as further
resource definition on strike to existing deposits.
• Completion of a detailed data compilation and a preliminary prospecting program on the recently acquired
Rocky Brook Project.
• Completion of an airborne geophysical survey over the district scale Humber Co -Cu Project and undertake
preliminary prospecting and geochemical surveys, and mapping.
• Undertake prospecting and geochemical surveys at the Cape Spencer Gold Project in southern New
Brunswick.
• Review opportunities to monetize the Company’s large project portfolio in the prolific precious metals
environment of Santa Cruz Province, Argentina. With the recent change in government, there is renewed and
significant corporate interest in this prolific yet underexplored region.
About Magna Terra
Magna Terra Minerals Inc. 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 our ability to explore, grow , and transact projects. The Company
is focused on exploring our 100% -owned Humber Copper-Cobalt Project in Newfoundland and Labrador , our 100%
owned Rocky Brook Project in n orthern New Brunswick, as well as our 100% -owned Cape Spencer Gold Project in
southern New Brunswick. In addition, the Company has recently optioned the Great Northern Project in
Newfoundland to Gold Hunter Resources Inc. for total cash and share consideration of $9.5 million over a 2 -year
period. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina
which includes its Boleadora Project being advanced by Newmont Corporation under an option to purchase agreement
valued at US $1 million in cash over a 6- year period and including a 2% NSR capped at U S$20 million; a precious
metals discovery on its Luna Roja Project proximal to Cerrado Gold’s operating Don Nicholas Project infrastructure,
as well as several additional district scale drill ready projects available for purchase or option/joint venture.
Forward Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains forward -looking statements and forward- looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian legislation. All statements in this news release that
are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations
and orientations regarding the future including, without limitation, the ability of the Company to file a report that
complies with Regulation 43- 101. Although the Company believes that such statements are reasonable and reflect
expectations of future developments and other factors which management believes to be reasonable and relevant, the
Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are
typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may",
"should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions,
which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or
achieved. In making the forward -looking statements in this news release, the Company has applied several material
assumptions, including without limitation, and the ability of the author of the Technical Reports to finalize same.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed o r implied by the forward- looking information. Such risks and other factors include the
inability of the Company to execute its proposed business plans and carry out planned future activities. Other factors
may also adversely affect the future results or performance of the Company, including general economic, market or
business conditions, future prices of gold, changes in the financial markets and in the demand for precious metals,
changes in laws, regulations and policies affecting the mineral exploration industry, and the Company's investment
and operation in the mineral exploration sector, as well as the risks and uncertainties which are more fully described
in the Company's annual and quarterly management's discussion and analysis and in other filings made by the
Company with Canadian securities regulatory authorities under the Company's profile at www.sedarplus.ca. Readers
are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly,
are cautioned not to put undue reliance on forward- looking statements due to the inherent uncertainty of such
statements.
These forward-looking statements are made as of the date of this news release and, unless required by applicable law,
the Company assumes no obligation to update the forward- looking statements or to update the reasons why actual
results could differ from those projected in these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
Phone: (905) 301-9983
Email: [email protected]
Website: www.magnaterraminerals.com