Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack Mine

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[{"type":"text","content":"Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack MineSudbury, Ontario--(Newsfile Corp. - August 19, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) (\"Magna\" or the \"Company\") is pleased to provide an update on exploration activities and assay results from the ongoing exploration at the Levack Mine (Figure 1). Results include the initial assays from the near surface portion of the No.1 nickel-copper (\"Ni-Cu\") zone, supporting the Levack Mine restart study.Highlights from the new assay results include:MLV-25-21 2.3% Ni, 0.7% Cu, 0.3 g/t Pt + Pd + Au over 28.0 metres Including 6.6% Ni, 0.7% Cu, 0.6 g/t Pt + Pd + Au over 2.4 metresAnd 3.3% Ni, 1.0% Cu, 0.5 g/t Pt + Pd + Au over 12.4 metresMLV-25-22 2.4% Ni, 0.8% Cu, 0.3 g/t Pt + Pd + Au over 15.5 metresAnd 3.2% Ni, 2.2% Cu, 1.4 g/t Pt + Pd + Au over 1.9 metresDave King, SVP Exploration and Geoscience stated, \"We are pleased to announce initial assay results from the near surface drilling on the No. 1 Contact Ni-Cu zones at the Levack Mine. Drilling in this area will provide the data required to advance the Levack restart study and provide appropriate drill density to support the higher level of geological confidence required for our upcoming Mineral Resource Estimate. In addition to the Keel Copper-PGE (\"Cu-PGE\") zone, initial mining from this zone could be accessed via a new ramp from surface. The intersections reported today are approximately 135 to 155 metres from surface and confirm Magna's belief that there are significant areas of wide, high grade nickel mineralization at shallow depths remaining at the Levack Mine.\"Diamond Drilling and Exploration PlanThere are currently two surface diamond drills operating at the Levack Mine, one completing near surface infill and metallurgical drillholes on the No. 1 and No. 2 and Main zones, and a second drill exploring the footwall environment between the No. 3 Ni-Cu Zone and the Morrison Cu-PGE deposit. The first drill has completed a number of holes in the No. 1 and No. 2 zones, and is currently testing an area to the east of the Main OB (see Figure 2), to expand on known Ni-Cu mineralization which locally tends to have higher precious metals and could potentially be accessed early in a mine restart plan. Once this drilling is completed,...

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