Magna Mining announces awards of security-based compensation

Magna Mining Inc. (TSXV: NICU,OTC:MGMNF) (OTCQX: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) announces on January 5, 2026 the following awards of security-based compensation to officers of the Company.

• 325,000 restricted share units were granted to officers of the Company. Each restricted share unit will vest in its entirety after, and not in part at any time before, the end of the third anniversary of the date of grant, and will entitle the holder to one common share.
• 857,800 options were granted to officers of the Company. Options vest 1/3 on the date of grant, an additional 1/3 on the first anniversary of the date of grant and in their entirety on the second anniversary of the date of grant. Each vested option may be exercised to acquire one common share at an exercise price of $2.97 per common share (the close of business on the trading day immediately preceding the date of grant) for a period of five years from the date of grant.

All awards were made under and in accordance with the terms of the Company’s omnibus stock incentive plan (the “Omnibus Plan”) approved by the Company’s shareholders on June 26, 2025. The Omnibus Plan is a “rolling” 10% plan and provides for the grant of options, restricted share units, performance share units and deferred share units. The aggregate number of shares of common stock reserved for issuance under the Omnibus Plan and all other security-based compensation arrangements of the Company may not at any time exceed 10% of the total number of issued and outstanding common shares of the Company.

For additional information about the Omnibus Plan, please refer to the Company’s management information circular dated May 26, 2025, which is accessible on SEDAR+ (www.sedarplus.ca) under the issuer profile of the Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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) in the world-class Sudbury mining district of Ontario, Canada. The company’s most important asset is the McCreedy West Minecurrently in production, supported by a pipeline of highly prospective, past produced properties including Levack, Crean Hill, PodolskiAnd Shakespeare.

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

Additional company 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 more information please contact:

Jason Jessup
General manager

Or

Paul Fowler, CFA
Executive Vice President
705-482-9667
E-mail: info@magnamining.com