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Magna Mining Files Technical Report for the McCreedy West Mine in Sudbury, Ontario

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Executive Summary

Magna Mining Inc. has completed the filing of an independent technical report for its flagship McCreedy West Mine, located in Ontario's renowned Sudbury mining district. The report, prepared by SGS Canada Inc. and dated April 1, 2026, provides comprehensive mineral reserve and resource estimates in full compliance with National Instrument 43-101 standards. The technical report carries an effective date of December 31, 2025, and is now publicly available through SEDAR+.

The filing represents a significant regulatory milestone for Magna Mining, which operates as a producing mining company focused on copper, nickel, and platinum group metals extraction. The McCreedy West Mine serves as the company's primary production asset, supported by a strategic pipeline of past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare within the same world-class mining district.

This technical report filing follows the company's February 2026 announcement of initial mineral reserves for the McCreedy West operation, demonstrating Magna's commitment to transparent disclosure and regulatory compliance. The Sudbury district's established infrastructure and proven geology position the company well for continued production optimization and exploration upside across its diversified asset portfolio.
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Press Release

April 2, 2026, Sudbury, Ontario, Canada – Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to announce that further to its news release dated February 18, 2026 titled “Magna Mining Announces Initial Mineral Reserves for the McCreedy West Mine in Sudbury, Ontario” the Company has filed on SEDAR+ an independent technical report titled “Technical Report on the Mineral Reserve and Mineral Resource Estimates, McCreedy West Mine, Sudbury, Ontario, Canada”.

The technical report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. A copy of the technical report is available under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.

The independent technical report is dated April 1, 2026, with an effective date of December 31, 2025, and was prepared by SGS Canada Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

About Magna Mining Inc.

Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and platinum group metals (PGM) assets located in the world-class Sudbury mining district of Ontario, Canada. The Company’s primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare.

Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.

Additional corporate and project information is available at www.magnamining.com and through the Company’s public filings on the SEDAR+ website at www.sedarplus.ca.

For further information, please contact:

Jason Jessup

Chief Executive Officer

or

Paul Fowler, CFA

Executive Vice President

705-482-9667

Email: info@magnamining.com

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