Magna Terra Minerals Inc. has announced that it has commenced its summer exploration programs at the Humber Copper-Cobalt and Shellbird Gold Projects, located in western Newfoundland. The work, part of a Phase 1 2026 exploration program, at Humber is designed to follow-up on a successful initial exploration program in 2025 that resulted in the discovery of the 2.2-kilometre Birch Zone as well as the identification of several high-priority combined geophysical and geochemical (copper, cobalt) targets for follow-up prospecting. The initial work at Shellbird will focus on prospecting and geological mapping at this recently acquired gold project.

The planned Phase 1 exploration program includes:

Humber Copper-Cobalt Project

• Prospecting to extend the Birch Zone along strike where soil sampling and geophysics from 2025 suggest potential for 2.0+ kilometres of additional strike length;
• 1,000 soil samples to test additional 3 kilometres extent southwest of Birch Zone;
• Prospecting of copper and cobalt stream sediment anomalies coincident with airborne geophysical conductors identified in 2025; and
• 300 stream sediment samples to complete coverage of the property in remote areas not sampled in 2025.

Shellbird Gold Project

• Initial prospecting and geological mapping of the 2.33 g/t gold sample collected in 1997 and
• 75 stream sediment samples to follow-up on gold grains identified in historic stream sediment sampling.

“In addition to our exploration efforts on our priority projects in northern New Brunswick that commenced two weeks ago, we are eager to initiate Phase 1 exploration activities on our priority projects within our Newfoundland portfolio. Phase 1 work at the Humber Project will focus on expanding the strike extent of the Birch Zone Cu discovery, follow-up on the regional geophysical and geochemical targets generated in 2025 and look to complete stream sediment geochemical coverage of the entire property. This systematic approach at Humber will help to further identify the scale of copper mineralization at the Birch Zone as well as identify other zones of potential copper-cobalt mineralization within the greater project area.

At Shellbird, we are eager to get our first ‘boots on the ground’ on the Project and follow-up on the historical rock sample results from 1997 within this very underexplored area. This early-stage opportunity, much like the Humber Project, was identified by our technical team and provides shareholders with exposure to another district-scale, low-cost land package that we will look to advance through systematic exploration. The Shellbird Gold Project is located along a mineralized trend that our team has a deep understanding of, as it lies along the projection of the regional-scale Doucer’s Valley Fault Zone (“DVFZ”), which is host to the Company’s Great Northern and Viking Gold Project currently under option to Gold Hunter Resources (“HUNT”). HUNT is finalizing details associated with a planned 10,000 metre drill program, set to launch in the coming weeks at the expanded Great Northern Project, As the largest shareholder of HUNT, we are excited to see drilling get underway, which will generate significant additional news flow, and is a further potential catalyst for our shareholders through 2026 into 2027.”

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