Magna Terra Update on the Acquisition of ExploreCo and Oversubscribed Concurrent Financing

TORONTO, July13, 2020(GLOBE NEWSWIRE) -- Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSX-V: MTT) is pleased to announce that it has been granted approval by the TSX Venture Exchange ("TSXV"), regarding a restructuring of the terms of the previously announced (see news release dated May 8, 2020) non-brokered private placement (the "Offering") in conjunction with its previously announced acquisition of all of the issued and outstanding common shares of 2647102 Ontario Inc. ("Explor