Magna Terra Acquires the Shellbird Gold Project in Western Newfoundland via Staking; Identifies Orogenic Gold Potential Along Major Fault System

Toronto, Ontario--(Newsfile Corp. - May 7, 2026) - Magna Terra Minerals Inc. (TSXV: MTT) (the "Company" or "Magna Terra") is pleased to announce that it has acquired the Shellbird Gold Project ("Shellbird" or the "Project"), located in western Newfoundland (Figure 1). The Project is located along the projection of the regional-scale Doucer's Valley Fault Zone ("DVFZ") and comprises 5 mineral licences (1,226 claims) totaling 30,650 hectares.