Magna Mining Inc. — Share Issue/Capital Change 2025

Mar 18, 2025

FORM 72-503F REPORT OF DISTRIBUTIONS OUTSIDE CANADA

1. Full name, address and telephone number of the Issuer.

a) Full name of issuer
Magna Mining Inc.

b) Head office address
Street address
100 King Street West, Suite 3400, 1 First Canadian Place
Province/State
Ontario
Municipality
Toronto
Postal code/Zip code
MSX1A4
Country
Canada
Telephone number
+1 (705) 482-9667

c) Full legal name(s) of co-issuer(s) (if applicable)

1. Type of security, the aggregate number or amount distributed and the aggregate purchase price.

Types of security distributed

Provide the following information for all distributions of securities relying on an exemption from section 2.3 or 2.4 of the Rule on a per security basis. Refer to the Instructions for how to indicate the security code. If providing the CUSIP number, indicate the full 9-digit CUSIP number assigned to the security being distributed.

Security code	CUSIP number (if applicable)	Description of security	Number of securities	Canadian $
				Single or lowest price	Highest price	Total amount
CMS		common shares	2,582,000.0000	$1.5500	$1.5500	$4,002,100.0000
CVD	55925FAA0	convertible debentures	9,415.0000	$980.0000	$980.0000	$9,226,700.0000

Details of rights and convertible/exchangeable securities

If any rights (e.g. warrants, options) were distributed, provide the exercise price and expiry date for each right. If any convertible/exchangeable securities were distributed, provide the conversion ratio and describe any other terms for each convertible/exchangeable security.

Security code	Underlying security code	Exercise price (Canadian $)		Expiry date (YYYY-MM-DD)	Conversion ratio	Describe other terms (if applicable)
		Lowest	Highest
CVD	CMS	$2.0000	$2.0000	2029-03-05	1:1	Unsecured 10% convertible debentures convertible into common shares at a price of $2.00 per common share.

1. Date of distribution(s).

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Distribution date

State the distribution start and end dates. If the report is being filed for securities distributed on only one distribution date, provide the distribution date as both the start and end dates. If the report is being filed for securities distributed on a continuous basis, include the start and end dates for the distribution period covered by the report.

Start date	2025	03	05	End date	2025	03	05
	YYYY	MM	DD		YYYY	MM	DD

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1. State the name and address of any person acting as dealer or underwriter (including an underwriter that is acting as agent) in connection with the distribution(s) of the securities.

Dealer or underwriter information
Full legal name	SCP RESOURCE FINANCE LP (NRD #29070)
Dealer or underwriter information
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Full legal name	DESJARDINS SECURITIES INC./VALEURS MOBILIERES DESJARDINS INC. (NRD #1030)
Dealer or underwriter information
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Full legal name	Canaccord Genuity Corp./Corporation Canaccord Genuity (NRD #900)
Dealer or underwriter information
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Full legal name	BMO NESBITT BURNS INC. (NRD #2580)
Dealer or underwriter information
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Full legal name	PARADIGM CAPITAL INC. / PARADIGME CAPITAL INC. (NRD #3450)

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Certification

Certification

Provide the following certification and business contact information of an officer, director or agent of the issuer. If the issuer is not a company, an individual who performs functions similar to that of a director or officer may certify the report. For example, if the issuer is a trust, the report may be certified by the issuer's trustee. If the issuer is an investment fund, a director or officer of the investment fund manager (or, if the investment fund manager is not a company, an individual who performs similar functions) may certify the report if the director or officer has been authorized to do so by the investment fund.

The certification may be delegated, but only to an agent that has been authorized by an officer or director of the issuer to prepare and certify the report on behalf of the issuer. If the report is being certified by an agent on behalf of the issuer, provide the applicable information for the agent in the boxes below.

The signature on the report must be in typed form rather than handwritten form. The report may include an electronic signature provided the name of the signatory is also in typed form.

Securities legislation requires an issuer that makes a distribution of securities under certain prospectus exemptions to file a completed report of exempt distribution.

By completing the information below, I certify, on behalf of the issuer/investment fund manager, to the securities regulatory authority or regulator, as applicable, that I have reviewed this report and to my knowledge, having exercised reasonable diligence, the information provided in this report is true and, to the extent required, complete.

Name of Issuer/ investment fund manager/agent Magna Mining Inc.

Full legal name JESSUP Jason

Family name First given name Secondary given names

Title Chief Executive Officer

Telephone number +1 (705) 665-0262 Email address jason.jessup@magnamining.com

Signature (signed) J"Jason Jessup" Date 2025 03 17

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