Sudbury, Ontario--(Newsfile Corp. - April 3, 2024) - Magna Mining Inc. (TSX.V: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide additional drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 Footwall (FW) Zone. Recent drilling is designed to define the high-grade core of the 109 FW Zone.

Sudbury, Ontario--(Newsfile Corp. - March 27, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the signing of a Definitive Off-Take Agreement (the "Agreement") with Vale Base Metals wholly-owned subsidiary Vale Canada ("Vale") for the advanced exploration portion of the Crean Hill Project.

Sudbury, Ontario--(Newsfile Corp. - March 4, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the permitting and approval process for the Crean Hill Project.

Sudbury, Ontario--(Newsfile Corp. - February 20, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide initial drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 FW Zone.

Sudbury, Ontario--(Newsfile Corp. - January 22, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the 2024 exploration activities and corporate initiatives.

Sudbury, Ontario--(Newsfile Corp. - November 24, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that it has granted a total 250,000 stock options ("Options") to purchase common shares of the Company to certain officers and employees pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.47 per common share for a period of five years from the date of grant. The Options vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on November 23, 2028.

Sudbury, Ontario--(Newsfile Corp. - November 13, 2023) - Magna Mining Inc (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the appointment of Jeff Huffman to the full-time position of Chief Operating Officer, effective today.

Sudbury, Ontario--(Newsfile Corp. - November 3, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the "Company" or "Magna") announces that it has granted a total of 2,281,000 stock options ("Options") to purchase common shares of the Company to certain officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.44 per common share for a period of three years from the date of grant. The Options vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on November 2, 2028.

Sudbury, Ontario--(Newsfile Corp. - November 3, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide an update on the 2023 exploration program. This year to date, Magna has completed 17,618 m of drilling, comprising 89 diamond drill holes, at the Crean Hill Project ("Crean Hill"). The Company has also completed a surface UTEM 5 geophysical program and several borehole EM geophysical surveys at the Company's properties. Data from these geophysical surveys is currently being interpreted and could provide additional targets at depth and in the footwall of the known Crean Hill deposit.

Sudbury, Ontario--(Newsfile Corp. - October 16, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the appointment of Grant Thornton LLP, Chartered Professional Accountants, as auditor of the Company, effective October 12, 2023.

Sudbury, Ontario--(Newsfile Corp. - September 21, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program. Drilling continues to intersect high grade nickel mineralization in the 105 Footwall ("FW") Zone including drillhole MCR-23-040 which intersected 4.2% Ni, 0.9 % Cu, 1.4 g/t Pt + Pd + Au over 7.0 metres.

Sudbury, Ontario--(Newsfile Corp. - September 14, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce that, further to its news release dated July 31st, 2023, it has filed a Preliminary Economic Assessment, in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, for the Company's 100%-owned Crean Hill project.

Sudbury, Ontario--(Newsfile Corp. - August 15, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program at the Crean Hill Nickel Project ("Crean Hill"). A portion of the assay results today represent confirmation of a shallow zone of massive sulphides in the vicinity of MCR-22-005 (released on January 5, 2023). This is one of the areas that the Company is planning to include as part of the advanced exploration and test mining program in 2024. Two drillholes, MCR-23-041 and MCR-23-042, tested down-dip, to the north and south of drillhole MCR-22-005 (see Fig. 1).

Sudbury, Ontario--(Newsfile Corp. - August 10, 2023) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") announces that it has granted an aggregate 915,800 options to acquire common shares of the Company (the "Options") to certain directors and officers pursuant to the Company's stock option plan. The Options are exercisable at an exercise price of $0.58 per share for a period of five-years from the date of grant.

Magna Mining CEO Jason Jessup joined Proactive's Stephen Gunnion with details of the Preliminary Economic Assessment (PEA) which has just been completed by Stantec on the company's 100% owned Crean Hill Nickel Project in Sudbury, Ontario.

Study Demonstrates Base Case 15 Year Mine Life and Significant Potential Synergies with the Shakespeare Project

Magna Mining senior vice president David King joined Steve Darling from Proactive to share exciting news about the company's ongoing 2023 diamond drilling program at the Crean Hill project. With two drills actively working on site, Magna Mining has recently announced new drill results that demonstrate the continuation of high-grade nickel mineralization.

Sudbury, Ontario--(Newsfile Corp. - July 10, 2023) - Magna Mining Inc. (TSXV: NICU) (FSE: 8YD) ("Magna" or the "Company") is pleased to release additional assay results from the ongoing 2023 diamond drilling program. Drilling continues to intersect high grade nickel mineralization in the 101 Footwall ("FW") Zone and in a footwall zone between the 101 and 109 FW Zones, referred to as the 105 FW Zone, which intersected 6.0% Ni, 2.2 % Cu, 5.8 g/t Pt + Pd + Au over 2.2 metres.

Sudbury, Ontario--(Newsfile Corp. - June 20, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to release additional assay results from a series of short, near surface drillholes immediately beneath the surface exposure of the 109 Footwall ("FW") Zone. The surface expression of this high grade PGM zone has been identified as a potential site for an exploration bulk sample in late 2023, which could be processed through a third-party mill in Sudbury. The technical assessments necessary for such a third-party milling agreement are already underway and are expected to conclude in Q3 2023. Additionally, Magna is pleased to provide an update on the progress of the Preliminary Economic Assessment (PEA) that was initiated in Q4 2022.

Sudbury, Ontario--(Newsfile Corp. - June 12, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the results of its Annual & Special Meeting of Shareholders (the "Meeting") held on June 9th. Each of the matters is described in greater detail in the Notice of Annual & Special Meeting of Shareholders and the accompanying Management Information Circular dated May 11th, 2023 (the "Circular").

Including 5.9% Ni, 2.0 % Cu, 12.4 g/t Pt + Pd + Au Over 3.2 m

Toronto, Ontario--(Newsfile Corp. - June 6, 2023) - THE Mining Investment Event of the North ("THE Event"), Québec City, June 19-21, 2023 is pleased to announce the launch of THE Global Private Streaming Platform dedicated to virtual attendance – limited availability through registration only.

Sudbury, Ontario--(Newsfile Corp. - May 18, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assays results from the ongoing diamond drilling program at Crean Hill. Results include assays from five drillholes completed on the G1 Zone, a narrow embayment structure at the Sudbury Igneous Complex ("SIC") contact, approximately 1000 metres east of the Crean Hill Main Zone (See news release dated February 23, 2023), and one additional drillhole targeting the 109 Footwall ("109 FW") Zone.

Sponsored by Maple Gold Mines & JDS Group of Companies

Sudbury, Ontario--(Newsfile Corp. - May 1, 2023) - Magna Mining Inc (TSXV: NICU), ("Magna" or the "Company") is pleased to announce the appointment of Ann-Marie Finney to the full-time position of Chief Financial Officer, effective today. Derrick Weyrauch, a co-founder of Magna and former Chief Financial Officer, will remain a director of the company.

 

Magna Mining CEO Jason Jessup joined Steve Darling from Proactive to share details of another set of results from the exploration program at its Crean Hill Mine in Sudbury, Ontario.

High-Grade, near Surface Intercepts Reported in the 109 Footwall Zone, Including 2.4% Ni, 4.3 % Cu, 37.2 G/t Pt + Pd + Au over 5.1m

Magna Mining CEO Jason Jessup joined Steve Darling from Proactive to share news the company has announced assays for five holes drilled into a near-surface area of the Intermediate Zone and two holes from the 101 Footwall Zone at the Crean Hill Mine in Sudbury, Ontario.

Further High-Grade Intercepts Reported from 101 Footwall and Intermediate Zones

Magna Mining CEO Jason Jessup joined Steve Darling from Proactive to share news that drilling has confirmed a new zone of near-surface sulphide mineralization approximately 1,000 metres east of the Crean Hill Main Zone.

VANCOUVER, BC / ACCESSWIRE / February 24, 2023 / The Power Play by The Market Herald has announced the release of a new interview with Magna Mining discussing their latest news.

Sudbury, Ontario--(Newsfile Corp. - February 23, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that drilling has confirmed a new zone of near surface sulphide mineralization approximately 1000 metres east of the Crean Hill Main Zone (Figure 1). To date, four holes have been completed and have intersected disseminated to locally semi-massive sulphides within a narrow embayment structure at the Sudbury Igneous Complex ("SIC") contact (Figure 1). The recent drilling was targeted near historical drill hole LM01800, which intersected 0.58% Cu, 0.72% Ni over 33.2 metres and 0.39% Cu, 0.67% Ni over 20.2 metres starting at 10.3 metres downhole.

Sudbury, Ontario--(Newsfile Corp. - January 25, 2023) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it has closed its previously announced "best efforts" private placement of an aggregate of (i) 8,236,914 common shares of the Corporation that will qualify as "flow-through shares" (the "Charitable Flow-Through Shares") (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") at a price of $1.815 per Charitable Flow-Through Share for aggregate gross proceeds of approximately $14.95 million; and (ii) 2,681,872 common shares of the Corporation (the "Common Shares") at a price of $1.10 per Common Share for aggregate gross proceeds of approximately $2.95 million (together, the "Brokered Offering"), including the full exercise of the option granted to the Agents. The Brokered Offering was led by Canaccord Genuity Corp., on behalf of itself and Research Capital Corporation, Paradigm Capital Inc., Desjardins Securities Inc. and BMO Capital Markets (collectively, the "Agents"). In addition, the Corporation also sold an additional 45,400 Common Shares at a price of $1.10 per Common Share for aggregate gross proceeds of $49,400 on a non-brokered private placement basis (the "Non-Brokered Offering", together with the Brokered Offering, the "Offering").

Magna Mining CEO Jason Jessup told Proactive the company has entered into an agreement with Canaccord Genuity to help facilitate a financing. Jessup explained more about the financing and working with Canaccord. He also talked about the company’s recent drill results.

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES/

Mineralization Intersected over 98m Including 3.7% Ni, 2.8% Cu and 20.2 g/t Pt+Pd+Au over 7.1m

Sudbury, Ontario--(Newsfile Corp. - January 5, 2023) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce additional assays received from the November 2022 drill program at Crean Hill. Drillhole MCR-22-005 was designed to follow up on previously announced high grade nickel mineralization intersected in the 101 Footwall ("FW") Zone in drillhole MCR-22-003 (see news release dated December 12th, 2022). Hole MCR-22-005 intersected mineralization grading 4.0 % Ni, 0.7 % Cu, 0.7 g/t Pt+Pd+Au over 31.1 metres, including two massive sulphide intervals grading 6.5 % Ni, 1.0 % Cu, 0.5 g/t Pt+Pd+Au over 5.0 metres, and 5.7 % Ni, 0.7 % Cu, 0.8 g/t Pt+Pd+Au over 16.1 metres. Diamond drilling for the 2023 drill program at Crean Hill is scheduled to resume January 9, 2023, with 15,000 metres of drilling currently budgeted for the full year.

Toronto, Ontario--(Newsfile Corp. - December 15, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that, further to its news release dated November 7, 2022, it has filed on SEDAR an independent technical report titled "Mineral Resource Estimate Update for the Denison Ni-Cu-PGE Sulphide Deposit, Denison Project, Sudbury, Ontario Canada" in respect of its Denison Project.

Sudbury, Ontario--(Newsfile Corp. - December 12, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that first assays have been received from the recent drilling at Crean Hill. Drillhole MCR-22-003 intersected massive sulphide mineralization (see news release dated November 17th, titled "Magna Mining Provides Update on Activities at Crean Hill), grading 6.0 % Ni, 0.3 % Cu, 0.7 g/t Pt+Pd+Au over 5.8 metres. The Company has completed 10 drillholes to date and expects to resume diamond drilling in early January, 2023.

Proactive

Diamond Drilling Has Commenced and Intersected Semi-Massive to Massive Sulphides over 10.7 Metres

Sudbury, Ontario--(Newsfile Corp. - November 10, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 3,685,000 stock options ("Options") to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Stock Option Plan. Such Options are exercisable into common shares of the Company at an exercise price of $0.47 per common share for a period of three years from the date of grant. The Options issued to independent directors vest immediately, while all other Options vest 1/3 immediately and 1/3 annually thereafter. All of the Options expire on November 10, 2027. In addition, the Company has issued a total of 510,000 restricted share units ("RSUs") to certain directors, officers and employees of the Company in accordance with the Company's Restricted Share Unit Plan. The RSUs will fully vest on the date that is three year from the date of grant. Once vested, each RSU represents the right to receive one common share of the Company or the equivalent cash value thereof, at the Company's discretion.

Sudbury, Ontario--(Newsfile Corp. - November 7, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce the initial Mineral Resource Estimate for the Denison Project which includes the past producing Crean Hill NiCu-PGE Mine in Sudbury, Ontario.

Sudbury, Ontario--(Newsfile Corp. - November 7, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Corporation") is pleased to announce that it has closed the acquisition of Lonmin Canada Inc. ("Loncan"), including the Denison Project and the past producing Crean Hill Ni-Cu-PGE mine (the "Acquisition"), pursuant to a share purchase agreement dated August 15, 2022 (the "Share Purchase Agreement") among the Corporation, Loncan, each of the shareholders of Loncan and Sibanye UK Limited, as shareholder representative.

Sudbury, Ontario--(Newsfile Corp. - November 2, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Corporation") is pleased to announce that it expects to satisfy the final conditions precedent to the previously announced acquisition of Lonmin Canada Inc. (the "Acquisition") on or about November 4, 2022. Upon the satisfaction of the final conditions to the Acquisition, the escrow release conditions relating to the 74,128,860 subscription receipts of the Corporation (the "Subscription Receipts") issued on a non-brokered private placement basis at a price of $0.27 per Subscription Receipts for gross proceeds of approximately $20 million (the "Offering") will be satisfied and the Corporation expects to be able to proceed with the conversion of each Subscription Receipt into common shares of the Corporation (a "SR Share") and one-half of one warrant (each whole warrant, a "Warrant") and the closing of the Acquisition. The gross proceeds of the Offering with the interest thereon (the "Escrowed Funds") to be released to the Corporation upon escrow release, will be used in part, to fund the initial closing payment of $13 million payable in connection with the Acquisition, with the balance of the Escrowed Funds to be used for ongoing exploration and development activities at the Denison Project. A deferred payment of $3 million will also payable on or before the 12-month anniversary of the closing of the Acquisition. The Acquisition is subject to the final acceptance of the TSX Venture Exchange (the "TSXV").

Results Include the Highest-Grade Intersection of Combined Platinum, Palladium and Gold Discovered to Date On the Shakespeare Project

Results Include the Highest-Grade Intersection of Combined Platinum, Palladium and Gold Discovered to Date on the Shakespeare Project

Sudbury, Ontario--(Newsfile Corp. - September 30, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Corporation") is pleased to announce the closing of the Corporation's previously-announced non-brokered private placement, pursuant to which a total of 74,128,860 subscription receipts of the Corporation (the "Subscription Receipts") were issued at a price of $0.27 per Subscription Receipt, for aggregate gross proceeds of $20,014,792.20 (the "Offering").

Sudbury, Ontario--(Newsfile Corp. - September 21, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna Mining") is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "TSX-V") of its previously announced proposed acquisition of 100% of Lonmin Canada Inc., which holds the Denison project in Ontario (the "Acquisition"), and the related non-brokered private placement of up to 74,074,074 subscription receipts of the Company at a price of $0.27 per subscription receipt to raise aggregate gross proceeds of up to $20,000,000 (the "Private Placement"). The Private Placement remains subject to the satisfaction of customary conditions and is scheduled to close on or about September 28, 2022.

VANCOUVER, BC, Sept. 7, 2022 /CNW/ - Trading resumes in:

Sudbury, Ontario--(Newsfile Corp. - September 7, 2022) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna Mining") is pleased to announce that, as set out in the bulletin of the TSX Venture Exchange (the "TSX-V") issued yesterday afternoon, its common shares will resume trading on Thursday, September 8, 2022. The trading halt was imposed by the TSX-V, in connection with the Company's announcement that it had signed a definitive share agreement (the "Definitive Agreement") to acquire 100% of Lonmin Canada Inc., including the Denison project and the past producing Crean Hill Ni-Cu-PGE mine (the "Acquisition").

VANCOUVER, BC, Aug. 16, 2022 /CNW/ - The following issues have been halted by IIROC:

Transformational Acquisition of the past Producing Crean Hill Mine in Sudbury, Ontario

Sudbury, Ontario--(Newsfile Corp. - June 16, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") reports that all resolutions at the Company's annual general and special meeting of shareholders were approved by shareholders.

Sudbury, Ontario--(Newsfile Corp. - April 4, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce the appointment of Jonathan Goodman to Magna's Board of Directors. Mr. Goodman is currently the President and CEO of Dundee Corporation ("Dundee") and is also the President and CEO of Dundee Goodman Merchant Partners, a mining focused merchant bank. Dundee currently holds a 19.2% investment interest in Magna as of October 26, 2021 (see news release).

Sudbury, Ontario--(Newsfile Corp. - March 21, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce that it has commissioned a second drill rig to accelerate exploration drilling at previously identified regional targets on the Shakespeare Nickel Project. The second rig was moved to site early this month, and recently began drilling at the Company's Spanish River Mine Option ("Spanish River"), located 1km south-west of the recent P-4 nickel discovery (see Fig. 1). Spanish River was previously in production as an underground Cu-Co-Au-Ag operation until 1970, and the current drill program is the first diamond drilling program since the mine closed.

Sudbury, Ontario--(Newsfile Corp. - March 18, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that further to its news release dated January 31, 2022, it has filed on SEDAR an independent technical report titled "Shakespeare Project Feasibility Study Technical Report" in respect of its Shakespeare Nickel Project located 60 km south-west of Sudbury, Ontario. The technical report has been filed 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 page at www.sedar.com.

Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has entered into a non-binding memorandum of understanding ("MOU") with Mitsui & Co., Ltd. ("Mitsui"), whereby Magna and Mitsui will discuss the possibility of Mitsui's acquirement of a 10 to 12.5% interest in Magna's Shakespeare Mine in exchange for cash consideration ranging between $8 million to $10 million on such terms as to be further negotiated between the parties (the "Transaction"). In connection with the Transaction, it is expected that the parties will enter into a joint venture agreement to jointly pursue the development of the Shakespeare Mine, with Magna being the operator of the Project (the "Joint Venture" or "JV").

Sudbury, Ontario--(Newsfile Corp. - January 31, 2022) - Magna Mining Inc (TSXV: NICU) (the "Company") is pleased to announce the results of the 2022 Feasibility Study for the Shakespeare Nickel Project ("Shakespeare") located 60 km south-west of Sudbury, Ontario. The Feasibility Study ("Study") is considered a base case and does not include any of the results from the 2021 Shakespeare drilling campaign (as highlighted in Figure 3). This Study remains within the constraints of current approvals, with only minor amendments and permits required prior to the start of construction. Shakespeare has a filed Closure Plan that has been accepted (approved) by the Ministry of Northern Development, Mines, Natural Resources and Forestry, and has obtained major permits for construction of a 4500 tonne per day (tpd) open pit mine, mill and tailing storage facility.

Sudbury, Ontario--(Newsfile Corp. - January 25, 2022) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has entered into a market-making agreement (the "Agreement") with Independent Trading Group ("ITG"), pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange (the "Exchange") and applicable laws.

Additional Mineralized Intersections Reported from the Gap Zone

Sudbury, Ontario--(Newsfile Corp. - December 23, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 575,000 stock options to purchase common shares of the Company to certain directors and officers pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.40 per common share, and vest immediately. All options expire on December 23rd, 2026.

Program to Focus on Follow-Up Drilling at the P-4 Discovery and Near Surface Copper Mineralization at the Past Producing Spanish River Copper Mine

Sudbury, Ontario--(Newsfile Corp. - November 4, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce assay results from recent drilling at its Shakespeare Project, located near Sudbury, Ontario. All holes reported are in the immediate vicinity of the Shakespeare West Zone, Gap Zone and East Zone. Drilling and assay results demonstrate the potential to expand on existing shallow resources and close the gap (Gap Zone) between the currently defined West and East Zones.

Toronto, Ontario--(Newsfile Corp. - November 3, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce, further to its press releases dated September 29, 2021, October 22, 2021 and October 28, 2021, that it has closed the final tranche of its previously announced non-brokered private placement (the "Offering"), pursuant to which the Company sold an aggregate of 1,107,800 flow-through common shares at a price of $0.45 per share, for aggregate gross proceeds of $498,510. Together with the first tranche of the Offering, the Company sold an aggregate of 6,996,700 flow-through common shares under the Offering for aggregate gross proceeds of $3,148,515.

Toronto, Ontario--(Newsfile Corp. - October 28, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement (the "Offering"), pursuant to which the Company sold an aggregate of 5,888,900 flow-through common shares at a price of $0.45 per share, for aggregate gross proceeds of approximately $2,650,000. The Company intends to complete a further tranche of the Offering in November.

Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has increased the size of its previously announced non-brokered private placement to an aggregate of up to 8,444,500 flow-through common shares ("FT Shares") (up from 6,666,667 FT Shares) at a price of $0.45 per FT Share, for aggregate gross proceeds of up to $3,800,025 (the "Offering"). The FT Shares will be offered by way of a best efforts non-brokered private placement to "accredited investors" resident in the provinces of Canada.

Toronto, Ontario--(Newsfile Corp. - September 29, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce an offering (the "Offering") of up to 6,666,667 flow-through common shares ("FT Shares") at a price of $0.45 per FT Share, for total gross proceeds of up to $3 million. The FT Shares will be offered by way of a best efforts non-brokered private placement to "accredited investors" resident in the provinces of Canada.

Sudbury, Ontario--(Newsfile Corp. - September 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide assay results from the first two diamond drill holes that were designed to test a portion of the P-4 target, located 5 km to the east and on strike of the past producing Shakespeare Mine stratigraphy.

Highlights Include 13.19% Cu, 0.07% Co, 16.20 g/t Ag and 1.81 g/t Au

Sudbury, Ontario--(Newsfile Corp. - August 17, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to provide the following update on exploration activities at the Shakespeare Nickel-Copper-PGM Project.

Sudbury, Ontario--(Newsfile Corp. - August 3, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") is pleased to announce the appointment of Dr. Mynyr Hoxha to the position of Vice President of Exploration. Dr. Hoxha has been an Advisor to the company since its inception in 2016 and participated in the initial due diligence on the Shakespeare property prior to the acquisition in 2017.

Sudbury, Ontario--(Newsfile Corp. - June 24, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce drill results for the first two drill holes at its Shakespeare Project, located near Sudbury, Ontario. Diamond drilling on the Shakespeare Project commenced in late April, with one diamond drill focused on better defining the area between the East and West zones, referred to as the Gap Zone, and at depth, below the East Zone.

Sudbury, Ontario--(Newsfile Corp. - June 8, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that they have signed a definitive agreement to acquire a 50% interest in eight (8) patented claims in Baldwin Township, the "Baldwin Copper Patents," comprising 132.8 hectares of land (see Figure 1). Seven claims comprise both surface and mining rights, while the remaining claim is restricted to mining rights only. The 50% interest in these claims was acquired for $80,000 in cash and the vendor will retain a 1% Net Smelter Return (NSR) royalty. The acquisition is expected to close on or around June 18, 2021.

Sudbury, Ontario--(Newsfile Corp. - May 28, 2021) - Magna Mining Inc. (TSXV: NICU) (the "Company" or "Magna") announces that it has granted a total of 925,000 stock options to purchase common shares of the Company to certain directors, officers, employees and consultants pursuant to the Company's Share Incentive Plan. Such options have an exercise price of $0.50 per common share, options issued to directors vest immediately, while all other options vest 1/3 immediately and 1/3 annually thereafter. All options expire on May 28, 2026. In addition, the Company has issued 93,000 restricted share units to certain employees and which have a three-year vesting period and are subject to shareholder approval.

Sudbury, Ontario--(Newsfile Corp. - May 26, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is pleased to announce that it has commenced the planned 9,000 metre, Phase I drilling program at its Shakespeare Project, located near Sudbury, Ontario.

Sudbury, Ontario--(Newsfile Corp. - May 20, 2021) - Magna Mining Inc. (TSXV: NICU) ("Magna" or the "Company") is delighted to announce carbon neutrality in 2021. By purchasing offset credits for all Greenhouse Gas ("GHG") emissions produced throughout the year, Magna becomes one of the first carbon neutral nickel exploration companies in the world.

TORONTO, May 18, 2021 /CNW/ - Jason Jessop, Founder, Chief Executive Officer, Magna Mining Inc., ("Magna Mining" or "the Company") (TSXV: NICU), and his team joined Dean McPherson, Head, Global Mining, TMX Group, to celebrate the Company's new listing on TSX Venture Exchange and open the market.

VANCOUVER, BC, May 10, 2021 /CNW/ - Trading resumes in:

Trading to Commence at Market Open on Tuesday May 11, 2021

TORONTO, May 5, 2021 /CNW/ - Magna Mining Inc. (formerly CT Developers Ltd.) (the "Company") is pleased to announce that, effective May 4, 2021, it has completed the acquisition of all of the issued and outstanding securities of Magna Mining Corp. ("Magna"), which is intended to constitute the Company's qualifying transaction (the "Qualifying Transaction") as defined under the policies of the TSX Venture Exchange (the "Exchange").