Magna Mining Announces Additional Footwall Drill Results from the Levack Mine in Sudbury, Ontario

Magna Mining has announced encouraging exploration results from its Levack Mine property in Ontario's Sudbury Basin, with five new diamond drill holes targeting the prospective footwall environment yielding high-grade copper and precious metals intersections. The standout results include 24.4% copper, 0.9% nickel, and 5.4 g/t combined platinum, palladium and gold over 1.0 metre, alongside other significant intercepts demonstrating the robust nature of the R2 Footwall Zone mineralization.

The R2 Zone continues to expand, now spanning approximately 300 metres vertically and 150 metres north-south, with multiple veins containing high-grade copper and precious metals. The zone remains open up-dip toward the No. 3 Footwall Zone and at depth toward the Morrison Footwall Cu-PGE Deposit, suggesting substantial exploration upside. The similarity in vein widths to historically mined areas of the Morrison Footwall Copper-PGE Deposit provides encouraging precedent for the commercial viability of the mineralization.

The company is maintaining an aggressive exploration program with two surface and two underground drill rigs operating simultaneously, focusing on R2 Zone expansion, testing for potential faulted extensions, and exploring other footwall targets. Underground infrastructure rehabilitation is underway to provide additional drilling platforms for more efficient shorter-hole programs. This systematic approach reflects the company's confidence in the deposit's potential and commitment to comprehensive resource definition.

Magna's exploration strategy demonstrates the continued prospectivity of Sudbury Basin footwall environments for high-grade copper-PGE deposits. With a Preliminary Economic Assessment scheduled for completion in fall 2026 based on the recent NI 43-101 resource estimate, the company is positioning itself to advance the Levack Mine toward potential production. The combination of high-grade intersections, expanding mineralized zones, and systematic development approach positions Magna favorably within the Canadian mining sector's focus on critical minerals supply chains.