Magna Mining acquires producing copper mine in Sudbury from KGHM International Ltd.

The acquisition includes a portfolio of critical mineral exploration and development assets in the Sudbury Basin Mining District

Sudbury, Ontario–(Newsfile Corp. – September 12, 2024) – Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (“Magna” or the “Company”) is pleased to announce that it has entered into a definitive share purchase agreement dated September 11, 2024^and 2024 (the “Agreement”) with a subsidiary of KGHM International Ltd. (“KGHM”) to acquire a portfolio of base metal assets located in the Sudbury Basin (the “Transaction”). Magna will acquire the producing McCreedy West copper mine (“McCreedy West”), the historically producing Levack mine (“Levack”), Podolsky mine (“Podolsky”) and Kirkwood mine (“Kirkwood”), as well as the Falconbridge Footwall (81.41%), Northwest Foy (81.41%), North Range and Rand exploration assets (collectively, the “Sale Assets”).