Magna Mining Reports Near-Surface Nickel Results at Levack Mine

• Intersection of 2.3% Ni, 0.7% Cu over 28 metres at 135-155 metres from surface
• Higher-grade sections include 6.6% Ni, 0.7% Cu over 2.4 metres
• Two surface diamond drills currently operating with underground drilling planned for Q3-Q4
• Results support ongoing Levack Mine restart study and upcoming Mineral Resource Estimate
• Company operates producing McCreedy West Mine with portfolio of past-producing properties

Magna Mining Inc. (TSXV: NICU) is a producing mining company with copper, nickel, and platinum group metals assets in the Sudbury mining district of Ontario, Canada. The company's primary asset is the McCreedy West Mine, currently in production, with a portfolio including past-producing properties Levack, Crean Hill, Podolsky, and Shakespeare. The company focuses on continued production, exploration, and near-term development opportunities across its asset base in the Sudbury district.

High-Grade Near-Surface Nickel Discovery

Recent assay results from the Levack Mine include intersections of 2.3% Ni, 0.7% Cu, 0.3 g/t Pt + Pd + Au over 28.0 metres in hole MLV-25-21. The intersection includes higher-grade sections of 6.6% Ni, 0.7% Cu, 0.6 g/t Pt + Pd + Au over 2.4 metres and 3.2% Ni, 2.2% Cu, 1.4 g/t Pt + Pd + Au over 1.9 metres. A second hole, MLV-25-22, returned 2.4% Ni, 0.8% Cu, 0.3 g/t Pt + Pd + Au over 15.5 metres.

The intersections are located approximately 135 to 155 metres from surface in the No.1 nickel-copper zone. The drilling targets the near surface portion of known mineralization to provide data for the Levack restart study. According to the company, initial mining from this zone could be accessed via a new ramp from surface.

Dave King, SVP Exploration and Geoscience, stated that the intersections "confirm Magna's belief that there are significant areas of wide, high grade nickel mineralization at shallow depths remaining at the Levack Mine." The drilling provides data required to advance the Levack restart study and support the upcoming Mineral Resource Estimate.

Active Drilling Programme and Operations

Two surface diamond drills are currently operating at the Levack Mine. One drill completes near surface infill and metallurgical drillholes on the No. 1, No. 2 and Main zones. The second drill explores the footwall environment between the No. 3 Ni-Cu Zone and the Morrison Cu-PGE deposit. The first drill is testing an area east of the Main zone to expand on known mineralization.

An underground diamond drill will begin drilling within the current quarter, with a second underground drill expected in Q4. The underground drilling will target areas further downdip and on strike below the No. 3 zone, and follow up on historical hole FNX21200 which intersected 33.4% Cu, 0.9% Ni & 23.9 g/t Pt + Pd + Au over 0.2 metres.

The second surface drill is currently drilling a wedge hole to test approximately 150 metres below the intersection in hole MLV-25-14A, which graded 2.6% Cu, 8.1% Ni, 17.8 g/t Pt + Pd + Au over 0.6 metres. Assay results for recent holes are pending and expected to be released in coming weeks.

Resource Expansion and Mine Development

The current drilling programme supports the upcoming Mineral Resource Estimate for the Levack Mine and provides geological data for the restart study. The drilling focuses on areas that could be accessed early in a mine restart plan, including zones with higher precious metals content. Results will provide drill density required for geological confidence in the resource estimate.

The company has identified multiple target areas including the footwall copper systems and areas near the Fecunis fault. Historical drilling in these areas has intersected high-grade mineralization, with the intersection in FNX21200 remaining open in all directions. The company plans follow-up exploration once underground drilling begins.

Quality assurance procedures include certified reference material standards and blank samples submitted with each batch. Samples are processed at SGS Laboratories in Garson, Ontario for preparation and shipped to Lakefield, Ontario for analysis. The scientific and technical information has been reviewed by David King, M.Sc., P.Geo., a qualified person under National Instrument 43-101.

Outlook and Next Steps

Magna Mining expects to release assay results from recent drilling in the coming weeks, including results from wedge drilling and extended historical holes. The company will commence underground diamond drilling in Q3, with a second underground drill planned for Q4. Results from the current programme will contribute to the Levack Mine restart study and upcoming Mineral Resource Estimate.

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