Magna Mining Announces Grant of Stock Options
Magna Mining Inc.
www.magnamining.com
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NEWS RELEASE TSXV: NICU
Magna Mining Announces Grant of Stock Options
November 24, 2023, Sudbury, Ontario – Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD)
(the "Company" or “Magna") announces that it has granted a total 250,000 stock options ("Options")
to purchase common shares of the Company to certain officers and employees pursuant to the
Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an
exercise price of $0.47 per common share for a period of five years from the date of grant. The Options
vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on November 23, 2028.
About Magna Mining Inc.
Magna Mining is an exploration and development company focused on nickel, copper and PGM
projects in the Sudbury Region of Ontario, Canada. The Company’s flagship asset is the past
producing Shakespeare Mine which has major permits for the construction of a 4500 tonne per day
open pit mine, processing plant and tailings storage facility and is surrounded by a contiguous
180km2 prospective land package. Crean Hill is a past producing nickel, copper and PGM mine with a
NI 43-101 Technical Report, Preliminary Economic Assessment dated July 2023. Additional
information about the Company is available on SEDAR (www.sedarplus.ca) and on the Company’s
website (www.magnamining.com).
For further information, please contact:
Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Senior Vice President
416 356 8165
Email: [email protected]
Cautionary Statement
This press release contains certain forward -looking information or forward -looking statements as
defined in applicable securities laws. Forward -looking statements are not historical facts and are
subject to several risks and uncertainties beyond the Compan y's control, including statements
regarding plans to complete exploration programs, potential mineralization, exploration results and
statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration
and development is hi ghly speculative, characterized by several significant risks, which even a
combination of careful evaluation, experience and knowledge may not eliminate. All forward -looking
statements herein are qualified by this cautionary statement. Accordingly, readers should not place
Magna Mining Inc.
www.magnamining.com
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undue reliance on forward -looking statements. The Company undertakes no obligation to update
publicly or otherwise revise any forward-looking statements whether as a result of new information or
future events or otherwise, except as may be required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press
release.