MAGNA MNG INC - MGMNF STOCK NEWS

Magna Mining Inc. provides an update on the permitting and approval process for the Crean Hill Project. The company received confirmation for the amended Closure Plan, allowing advanced exploration with a surface bulk sample and test mining. Magna expects to process 400,000 tonnes of mineralized rock and finalize processing agreements by Q1 2024. The CEO, Jason Jessup, commended the team and authorities for the accomplishment. Magna also awaits approval for a Permit to Take Water (PTTW) to dewater underground workings. The company plans non-dilutive funding options for advanced exploration due to high capital costs. Magna is fully funded for a 25,000 m exploration drilling program in 2024.

Magna Mining Inc. announces positive initial drilling results from the 2024 exploration program at Crean Hill, revealing significant mineralization with highlights including 1.1% Ni, 8.3% Cu, and 13.9 g/t Pt + Pd + Au over 3.0 meters. The company is progressing towards defining the high-grade core of the zone and expanding the mineralized envelope. Magna is well-funded to complete 25,000 meters of exploration drilling in 2024.

Magna Mining Inc. provides an update on the 2024 exploration activities and corporate initiatives. The company has resumed diamond drilling at the Crean Hill Project and plans to commence drilling on regional targets at the Shakespeare Project. Magna is also pursuing various government grant applications and funding opportunities to support critical mineral production.

Magna Mining Inc. (NICU) Grants 250,000 Stock Options to Officers and Employees

Magna Mining Inc (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) announces the appointment of Jeff Huffman as Chief Operating Officer, bringing extensive mining industry experience and expertise to the company. With a strong track record in operational leadership and a background in successful mining projects, Huffman's appointment aligns with Magna's long-term growth objectives, positioning the company for advanced exploration at Crean Hill and future commercial production.

Magna Mining Inc. announces the granting of 2,281,000 stock options and 961,000 restricted share units to officers, employees, and consultants. The stock options have an exercise price of $0.44 per share and vest over a period of three years. The restricted share units will fully vest after three years. The company also approved an amendment to the RSU Plan to increase the maximum number of shares reserved for issuance from 1,500,000 to 3,000,000 shares.

Magna Mining Inc. provides an update on the 2023 exploration program. They have completed 17,618 m of drilling at the Crean Hill Project, with new assay results showing significant mineralization. The drilling program has exceeded expectations, and a 2024 exploration budget has been authorized.

Magna Mining appoints Grant Thornton LLP as auditor

Magna Mining Inc. releases additional assay results from the ongoing diamond drilling program, showing high grade nickel mineralization in the 105 Footwall Zone. Encouraging high grade PGE mineralization at the 1500 ft level indicates potential for continued mineralization at depth. Two high grade intersections outside of the current Mineral Resource have the potential to add near surface resources. Diamond drilling is ongoing at Crean Hill.