Several Targets Identified For Drill Testing Including Resource Expansion At Rattling Brook Deposit

TORONTO - Magna Terra Minerals Inc. has identified several priority targets for drill testing including, an opportunity to expand on existing mineral resources at the Rattling Brook Deposit on its 100% owned Great Northern Project, located in western Newfoundland. The Rattling Brook Deposit contains a NI43-101 Inferred Mineral Resource comprising 255,000 ounces at 1.45 grams per tonne ("g/t") gold (5,460,000 tonnes) and is hosted along a 5-kilometer section of the larger Doucers Valley Fault, a similar geological environment to Marathon Gold Corporation's Valentine Gold Project. The Deposit is open for expansion at depth and along strike.

The targets were generated based on recent field programs and a comprehensive review of historic exploration data, which identified the importance of fault control on gold mineralization. Specifically, we believe that northwest and east-west striking faults, with coincident rock and soil geochemical anomalies, may act as higher-grade feeder zones to the Rattling Brook Deposit. This concept has not been previously tested and provides a unique opportunity to expand the Rattling Brook Deposit. Priority targets, as further described below include the Apsy Feeder Zone (0.6 kilometer extent), the Incinerator Trend (1.8 kilometer extent), and the Furnace Trend (1.5 kilometer extent).

Lew Lawrick, President and CEO, said, “The Company has also identified the presence of north and northeast trending fault zones that cross the 2.4-kilometer long Jacksons Arm Trend. Similar to faults crossing the Rattling Brook Deposit area, the Company believes that these faults may play an important control in focusing higher grade mineralization at Jacksons Arm. Based on our field work we have recognized the opportunity to further expand resources at the Rattling Brook Deposit as well as test several adjacent zones of mineralization within the immediate area. A key facet of work going forward will be to test the specific geological controls on gold where faults may play a significant role as feeder zones to broader disseminated gold within the existing mineral resource. We believe there is abundant upside to expanding the resource base at Great Northern and Viking in the near term and build upon the 255,000 ounce (5,460,000 tonnes at 1.45 g/t gold) Inferred Mineral Resource at Rattling Brook. In addition, we will continue to explore adjacent areas, including the Jackson's Arm Trend, for potential near-term discovery."