(2) TORONTO, ON / ACCESSWIRE / March 4, 2021 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT) is pleased to announce that it has started a Phase one, 2,000 metre drill program (the "Drill Program") designed to test the highly prospective Emilio Trend at the Cape Spencer Project ("Cape Spencer" or "Project"), located in southern New Brunswick ( Exhibit A). The Drill Program will test priority targets on the western half of the 5-kilometre Emilio Trend based on recent and historic exploration results that demonstrate a strong mineralization system, in multiple gold occurrences. The drill program will target surface gold occurrences, including recent sampling with assays up to 21.2 grams per tonne ("g/t") gold, that are hosted along faulted geological contacts and associated structures as announced in news releases on December 17, 2020 and February 23, 2021 (