Mining minerals

Magna Terra Minerals clarifies technical disclosure

TORONTO, ON/ACCESSWIRE/April 8, 2022/ Magna Terra Minerals Inc. (TSXV:MTT) (“MTB“or the”Company“) announces that, following a continuous disclosure review by the Financial Markets Authority (there “MFA“), the Company is issuing the following press release to clarify its disclosure with respect to its technical report(s) entitled “NI 43-101 Technical Report and Mineral Resource Estimate on the Cape Spencer Gold Deposit, Saint John County, New Brunswick, Canada” dated November 14, 2019 and effective January 23, 2019 (the “Cape Spencer Technical Report“) and its technical report entitled “NI 43-101 Technical Report and Mineral Resource Estimate on the Rattling Brook Gold Deposit, Great Northern Project, White Bay Area, Newfoundland, Canada” dated November 14, 2019 and with an effective date effective January 23, 2019 (the “Rattling Creek Technical Report“, and with the technical report of Cape Spencer, the “Technical reports“). The Company has retained the services of independent qualified persons Michael Cullen, P.Geo. and Matthew Harrington, P.Geo. of Mercator Geological Services Limited (“Mercator“), original co-author contributors to both reports, to modify the technical reports following updated site visits which, as of April 6, 2022, have been completed. Revisions to the technical reports are being completed for fill several gaps with National Instrument 43-101 Mining Project Disclosure Standards noted by the AMF during its recent continuous disclosure audit of the Company.

The Company expects to file the draft amended technical reports with the AMF by April 30, 2022. Thereafter, the Company will promptly file the amended reports on SEDAR. The Company does not expect these changes to affect the conclusions of the technical reports.

Filing of amended technical reports is dependent upon receipt of analytical test results from third-party laboratories. Since neither the Company nor Mercator has control over the timing of these results, it is possible that the filing of amended technical reports will be delayed accordingly. In this case, Magna Terra will provide regular updates as part of the preparation and filing of amended reports.

In addition, as part of the AMF’s recent review of the Company’s continuous disclosure, and independently of the technical reporting element discussed above, Magna Terra has also updated and clarified the additional information contained on its website and in its corporate presentation in accordance with the associated AMF review comments. .

On behalf of the Board of Directors,

Magna Terra Minerals Inc.

Lewis Lawrick
President and Chief Executive Officer, Director
647-478-5307
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.
Website: www.magnaterraminerals.com

About Magna Terra

Magna Terra Minerals Inc. is a precious metals-focused exploration company headquartered in Toronto, Canada. Magna Terra has three advanced district-scale gold exploration projects in the world-class mining jurisdictions of New Brunswick and Newfoundland and Labrador. In addition, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina, which includes its discovery of precious metals at its Luna Roja project, as well as an extensive pipeline of scale-ready projects. district available for option or 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.

Cautions Regarding Forward-Looking Information

Certain statements contained in this press release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without (limited to, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by the use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “have the ‘intent’, ‘plan’ or ‘project’ or the negative of these words or other variations of these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, which may cause the Company’s actual results to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, the inability to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company’s expectations, changes investments in the world’s gold markets or markets for other commodities, and other risks disclosed in the Company’s public disclosure filings with applicable securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and, except as required by applicable securities laws, the Company disclaims any intention or obligation to update any forward-looking statement.

FOR MORE INFORMATION, PLEASE CONTACT:

Magna Terra Minerals Inc.
Lewis Lawrick
President and Chief Executive Officer, Director
647-478-5307
E-mail: This email address is protected from spam. You need JavaScript enabled to view it.
Website: www.magnaterraminerals.com