Magna Mining Reports Copper and Precious Metals Intersections Across Multiple Drill Holes at Levack R2 Target

• Four drill holes at the R2 Target intersected multiple copper and precious metal veins with grades up to 25.0% copper, 34.7 g/t platinum, palladium and gold combined, and 151 g/t silver over 0.4 metres
• Mineralisation identified over 200 metres vertically and 85 metres along strike, remaining open updip, at depth and to the west
• R2 Target interpreted as part of a footwall copper-precious metals system near the Fecunis fault
• Precious metals grades at R2 are similar to those at the Morrison Footwall Cu-PGE deposit, located 600 metres southwest
• Four drill rigs currently operating at Levack, testing R2 expansion and additional footwall targets

Magna Mining Inc. (TSXV: NICU) is a producing mining company with copper, nickel and platinum group metals assets in Ontario's Sudbury mining district. The company operates the McCreedy West Mine and holds past-producing properties including Levack, Crean Hill, Podolsky and Shakespeare. The company's approach focuses on production from McCreedy West whilst advancing exploration and development across its Sudbury properties.

Copper and Precious Metal Intersections at R2 Target

The four diamond drill holes tested the R2 Target area at depths below previous drilling. Results included 12.9% copper with 140.7 g/t combined platinum, palladium and gold over 0.3 metres in hole FNX6083-W3, and 24.8% copper with 153 g/t silver over 0.3 metres in hole FNX2026-W2. Additional intercepts showed copper grades exceeding 10% in several intervals, with precious metals values regularly above 20 g/t.

The precious metals component at R2 shows characteristics similar to the Morrison Footwall Cu-PGE deposit. Combined platinum, palladium and gold values across multiple intercepts mirror those observed at Morrison, located 600 metres to the southwest. Silver grades reached up to 153 g/t in certain intervals.

All four drill holes intersected mineralisation. Hole FNX6083-W3 encountered nine separate mineralised intervals between 930 and 1,207 metres downhole.

Senior Vice President (SVP) of Exploration and Geoscienc, David King stated:

"Diamond drilling on the R2 exploration target has continued to intersect multiple high-grade copper and precious metal veins, and further our understanding of the footwall breccias and the geological controls on sulphide veining."

Extent of Mineralised Zone

Drilling has extended the R2 mineralisation over a vertical extent exceeding 200 metres. Wedge holes FNX6083-W3 and FNX6083-W4, drilled from the same surface platform, extended mineralisation 75 metres and 25 metres deeper respectively below previously announced intercepts.

Holes FNX2026-W1 and FNX2026-W2, drilled from a different surface platform, identified mineralisation approximately 25 metres southwest of earlier holes. Current drilling indicates the system extends across a strike length of up to 85 metres. Hole FNX2026-W1 encountered different vein orientations compared to other R2 drillholes.

The mineralised zone remains open updip towards the No. 3 Footwall Zone, at depth, and to the west towards the Morrison Footwall Cu-PGE Deposit. A historical intercept in hole FNX21200, grading 33.4% copper and 23.9 g/t combined platinum, palladium and gold over 0.2 metres, may represent a faulted continuation of the R2 system east of the Fecunis fault.

Regional Context and Ongoing Programme

The R2 Target is interpreted as part of a footwall copper-precious metals system centred near the Fecunis fault in the North Range of the Sudbury Basin. This places R2 in proximity to known footwall deposits, including the No. 3 Footwall Zone and the Morrison Footwall Cu-PGE Deposit.

Mineralisation at R2 appears related to the Sudbury Breccia host rock and local structural controls.

Mr. King stated:

"Given the optimal geological conditions, footwall veins can thicken quickly over short distances resulting in significant sulphide concentrations. We continue to focus our exploration efforts on defining and extending mineralization at the R2 target, as well as exploring for other, new Cu-precious metals footwall systems at Levack."

The company operates four drill rigs at Levack, comprising two surface rigs and two underground rigs. The programme focuses on expanding the R2 Target, testing for faulted continuation of R2 mineralisation east of the Fecunis fault, and evaluating other footwall targets.

Programme Outlook

The ongoing drilling programme continues to generate data at the R2 Target and other locations at Levack Mine. Magna maintains production at McCreedy West whilst advancing exploration at Levack and its other Sudbury properties.

Near-term activities include completing the current phase of R2 drilling, advancing plans for a development ramp from surface at Levack, and work related to the property's hoisting plant. Levack holds permitted status and has existing infrastructure including shaft access and surface facilities.

The company's work at R2 and other footwall targets at Levack continues as part of its broader strategy across the Sudbury portfolio. Additional drilling results are expected as the programme progresses.

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