Magna Terra Reports Expansion of Property and Extension of Airborne Geophysical Survey at the Prospect Or's Dream Epithermal Gold Project, New Brunswick

Magna Terra expands Prospect Or's Dream to 23,887 hectares with new claims and survey work.

What the company is saying

Magna Terra Minerals Inc. is announcing the expansion of its Prospect Or's Dream Project in northern New Brunswick to 23,887 hectares, emphasizing the strategic addition of 5,087 hectares via staking seven mineral claims along the Moose Lake Fault. The company highlights that these new claims were acquired without any option payments or royalties, underscoring a cost-effective approach. The airborne geophysical survey has been expanded from 1,221 to 1,302 line kilometres to cover the enlarged property. Management, led by President and CEO Lew Lawrick, frames this as part of a disciplined exploration and acquisition strategy, supported by partial financial assistance from the Province of New Brunswick under the NBJMAP. The announcement stresses the identification of low-sulphidation epithermal gold-bearing quartz veins over at least 7.2 kilometres of the Donner Trend, with initial grab samples returning up to 1.97 g/t gold. The company also notes the use of pathfinder elements to guide exploration and mentions additional zones of epithermal quartz veins leading to further property expansion. The tone is confident, focusing on systematic data gathering and the potential for higher-grade discoveries.

What the data suggests

The Prospect Or's Dream Project now covers 23,887 hectares, following the addition of 5,087 hectares through seven newly staked mineral claims. The expansion required no option payments or royalties, reducing upfront capital outlay. The airborne geophysical survey has been increased from 1,221 to 1,302 line kilometres to include the new claims. Initial prospecting produced rock grab samples with gold grades up to 1.97 g/t, though grab samples are selective and may not represent average grades. The project is centred on a gold discovery with quartz veins mapped over a minimum 7.2-kilometre strike length along the Donner Trend. The company received partial financial support from the Province of New Brunswick for exploration activities. Magna Terra also owns a 100% interest in six precious metals projects in Santa Cruz, Argentina, totaling approximately 79,000 hectares, which are available for purchase or joint venture. The disclosure is operationally detailed but does not include resource estimates or economic studies, consistent with early-stage exploration.

Analysis

The announcement is factual and proportionate, focusing on the expansion of the Prospect Or's Dream Project through staking additional claims and extending the geophysical survey. All key operational claims—property size, number of claims, survey coverage, and initial assay results—are supported by specific numerical data. Only one forward-looking statement is present, relating to ongoing geological work, and it is appropriately cautious. There is no evidence of exaggerated language or inflated projections; the tone is positive but not promotional. The project remains at an early exploration stage, with no resource estimate or economic study disclosed, so benefits are inherently long-term. The capital intensity is low, as the expansion was achieved through staking (no option payments or royalties), and only partial government assistance is mentioned. Overall, the narrative closely matches the disclosed evidence.

Risk flags

• ●The project remains at an early exploration stage, with no resource estimate or economic assessment disclosed. This means there is no defined path to production or near-term cash flow, and the economic viability of the property is unproven.
• ●Assay results are based on grab samples, which are inherently selective and may not reflect the average grade or continuity of mineralization across the property. This introduces uncertainty regarding the true scale and quality of the gold system.
• ●Expansion through staking does not guarantee exploration success or future resource delineation. The company's ability to advance the project will depend on ongoing technical results, permitting, and access to funding for further work.

Bottom line

Magna Terra has expanded its Prospect Or's Dream Project to 23,887 hectares by staking seven new claims, increasing its exploration footprint along a key fault zone without incurring option payments or royalties. Early exploration has identified quartz veins with gold grades up to 1.97 g/t over a 7.2-kilometre trend, but these results are from selective grab samples and do not yet establish resource potential. The company is systematically expanding geophysical coverage and leveraging government support, but remains at a pre-resource, high-risk exploration stage. Investors should recognize that while the operational progress is clear and cost-effective, there is no immediate pathway to cash flow or defined economic value. The most important takeaway is that this is a scale-building move in a prospective but unproven district, with future results dependent on continued technical success.

Announcement summary

(TSXV:MTT) Magna Terra Minerals Inc. announced the expansion of the property size of the Prospect Or's Dream Project, located near the Bathurst Mining Camp of northern New Brunswick. The Prospect Or's Dream Project now comprises 23,887 hectares along a 30+-kilometre extent of the Moose Lake Fault Zone. The property expansion was achieved through staking 7 mineral claims totaling 5,087 hectares along or near the Moose Lake Fault, with no underlying option payments or royalties to vendors. The ongoing airborne geophysical survey at the Project has been expanded from 1,221 line kilometres to 1,302 line kilometres to cover the newly staked claims. The Project is centred on a new gold discovery from 2025, where low-sulphidation epithermal gold-bearing quartz veins were identified over a minimum 7.2-kilometre strike length of the Donner Trend. Initial prospecting generated assays with grades of up to 1.97 g/t gold from rock grab samples, and additional zones of epithermal quartz veins have been identified, leading to further property expansion south and east of the Blitzen Prospect. Pathfinder elements including Ag, As, Sb, Te, and Hg from quartz vein samples are being used to guide exploration efforts. Magna Terra acknowledged partial financial assistance from the Province of New Brunswick under the New Brunswick Junior Mining Assistance Program (NBJMAP) for work on the Prospect Or's Dream Project. Lew Lawrick, President and CEO of Magna Terra Minerals Inc., stated that the expansion aligns with the company's strategy of growing high-potential mineral projects through cost-effective acquisition and disciplined exploration. The Prospect Or's Dream Property is centred along a 30 kilometre section of the Moose Lake-Tomogonops-Tozer Fault system, which separates various Ordovician and Cambrian geological groups and hosts several splay faults. All rock samples were processed by ALS Canada Ltd. in Moncton and North Vancouver, using specified analytical methods for gold and multi-element geochemistry. Magna Terra Minerals Inc. is focused on acquiring and advancing high-potential mineral projects in Atlantic Canada and Argentina. The company holds a 100% interest in six discrete precious metals projects covering approximately 79,000 hectares in Santa Cruz, Argentina, available for purchase or option/joint venture. Magna Terra currently has active option agreements on its Great Northern Project in Newfoundland and Luna Roja Project in Santa Cruz, with Gold Hunter Resources and Lunex Metals, respectively. David A. Copeland, P.Geo., Vice President Exploration, is the Qualified Person for the release.

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