Magna Mining Inc. has begun building the senior management team with the additional experience and expertise required to advance the Denison project. David King will be joining Magna Mining as Senior Vice President, Technical Services. Mr. King is a registered professional geologist with more than 25 years of base and precious metal experience, focused on both mining production and exploration.

Mr. King previously advised and worked with TMAC Resources Inc. for 8 years before the company was sold to Agnico Eagle in early 2021. Prior to working with TMAC, he was the Senior Manager, Geoscience and Mineral Resources for KGHM International Ltd. Mr. King gained extensive experience in the Sudbury Basin after joining FNX Mining Company Inc. in 2002 and then holding positions of increasing responsibility within FNX and Quadra FNX until the company was sold to KGHM in 2012. During Mr. King's tenure, FNX Mining was successful in exploring for, discovering, and developing several mines in Sudbury that are geologically similar to the Crean Hill Mine and Denison Project.