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Magnum Goldcorp Inc. Makes Application to Amend Term of Share Purchase Warrants

West Vancouver, British Columbia – November 23, 2016 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) wishes to announce that, subject to regulatory approval, the Company intends to amend the term of certain previously issued share purchase warrants.

In connection with a private placement that the Company completed on December 10, 2015, 4,000,000 share purchase warrants (the “Warrants”) were issued with an exercise price of $0.10 per share and an expiry date of December 10, 2016. The Company intends to file an application with the TSX Venture Exchange (the “Exchange”) to extend the term for exercising the Warrants by two additional years to December 10, 2018 with the exercise price of $0.10 per share remaining unchanged.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922 2030, or visit the Company’s website at www.magnumgoldcorp.com.

Magnum Goldcorp Inc. 

“Douglas L. Mason”


Douglas L. Mason, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release