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Magnum Goldcorp Inc. Announces Director Appointment

West Vancouver, British Columbia – May 29, 2019 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) is very pleased to announce that Mr. Charles (“Hugh”) Maddin has been appointed as a Director of the Company.

Hugh Maddin has been a director of several publicly listed companies, including Mineral Hill Industries Ltd., Nass Valley Gateway Ltd. and Karoo Exploration Corp. Hugh is also the sole shareholder, President and CEO of Cambrian Capital Corp., a private investment holding company.  He has also been the CEO of significant private companies with substantial holdings of mineral tenures in British Columbia.  Hugh is a practicing lawyer in British Columbia with 47 years’ experience in corporate, commercial, mining finance, venture capital, real estate and mining projects. 

Mr. Douglas Mason, Chief Executive Officer, states “Hugh has the credentials and years of experience in the mining business sector that will add significant value to the Magnum Board. I look forward to working with Hugh on the Board to help guide the Company’s future.”

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.

This release includes certain statements that may be deemed “forward-looking statements” within the meaning of applicable securities legislation. All statements, other than statements of historical facts, that address such matters, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “suspects”, “intends”, “estimates”, “projects”, ”targets”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those expressed in, or implied by, this forward-looking information.  Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, such matters as political conditions, regulatory approvals, availability of capital and financing, and general economic, market or business conditions. The above list of important factors that may affect future results is not exhaustive.  We caution you not to place undue reliance on these statements as a number of important factors could cause actual events or results to differ materially from those expressed or implied in any forward-looking statement made in relation to the Company.  Any forward-looking statements are expressly qualified in their entirety by this cautionary statement.  Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date such statements were made and are subject to change after that date and the Company does not undertake any obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to the account or benefit of a U.S. person absent an exemption from the registration requirements of such Act.