Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Director Gernot Wober was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (CA$16.2m market cap, or US$11.8m). Announcement • Jan 14
Magna Terra Minerals Inc. Announces Results from Regional Prospecting Program on the Rocky Brook Project Magna Terra Minerals Inc. announced results from a regional prospecting program on the Rocky Brook Project ("Rocky Brook" or the "Project"), located in the prolific Bathurst Mining Camp ("BMC") of northern New Brunswick. Prospecting programs were undertaken from June to November 2025 and comprised the collection of 434 rock, grab, outcrop and float samples, and focused on high-priority exploration targets generated from a comprehensive review of airborne geophysical data, as well as targets generated by Windfall Geotek Corp.'s AI System as reported in a news release dated October 27, 2025 that covered gold prospecting on the Fournier Lake Gold Property. Copper assays up to 1.69% Cu from sedimentary rocks at the Fournier Lake Gold property; representing a new target of potential sediment-hosted-copper. A total of 434 rock grab samples were collected from the June and October-November prospecting programs of which 431 have returned assays with three sample assay results pending. Restigouche Property. A total of 235 grab samples were taken from the Restigouche Property with assay results ranging from 1 up to 81,700 ppm (8.17%) copper, with 25 of 235 (10.6%) assaying over 500 ppm. Prospecting along the 4.2-km-long Restigouche Trend, one of five AI generated targets overlying favourable rocks of the California Lake Group, includes 12 grab samples ranging from 1,075 to 81,700 ppm (0.11 to 8.17%) copper and 1,250 to 15,700 ppm (0.13 to 1.57%) zinc. Boudreau Brook-Fossil Hill Property. A total of 96 grab samples were collected from the Boudreau Brook-Fossil Hill Property with copper assay results ranging from 1,630 ppm (0.46%) copper, with 4 of 96 (4.2%) assaying over 500 ppm. Three of these samples were collected from the eastern end of the Boud Johnny Brook-Fossil Hill Trend and had copper values ranging 2,010 to 4,630 ppm from malachite +/- chalcocite bearing basalt and gabbro located up to 2.5 kilometres east of the Fossil Hill prospect. A total of 103 grab samples were collected from the Fournier Lake Gold Property with gold assay values reported December 1, 2025. Copper assay results ranging from <1 (below detection) up to 16,900 ppm (1.69%) copper, with 3 of 103 (2.9%) assaying over 500 ppm; Two of these samples ran 7,230 ppm and 16,900 ppm (0.72% and 1.69%) copper and were taken from outcrop of green silty sandstone with malachite along fractures in proximity to redbed sandstone of the Simpsons Field Formation, Chaleurs Group. Located in the prolific Bathurst Mining camp within the premier mining jurisdiction of New. The Rocky Brook Project is located adjacent to and along strike from the Williams Brook Project, owned by Kinross Gold Corporation ("Kinross") and Puma, where a zone of high-grade gold mineralization was discovered over broad widths including drill intervals up to 5.55 g/t Au over 50.15 m. The Project is located adjacent to a 30-kilometre-long section of the Rocky Brook-Millstream fault and associated McIntyre and Ramsay Brook faults; an important structural zone controlling gold mineralization within the region. The Project also covers volcanic and sedimentary rocks that show strong potential to host polymetallic Cu-Co-Pb-Zn-Au-Ag mineralization, and a zone of high-grade copper mineralization, and a zone in the region. The Project is located located adjacent to a 30- kilometres-long section of the RockyBrook-Millstream fault and associated Mcyre and Ramsay Brook faults; An important structural zone controlling gold mineralisation within the region. The Project is also covers volcanic and sedimentary rock that show strong potential to host Polymetallic Cu-Pb-Pb-Au-Au-Ag mineralized Cu-Pb-Ag mineralization, and Ag mineralization, a zone of the region. 
