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Magnum Goldcorp Announces Approval of Share Consolidation

West Vancouver, British Columbia – March 5, 2020 – Magnum Goldcorp Inc. (the “Company” or “Magnum Goldcorp”) wishes to report that, effective March 6, 2020, the Company has consolidated its issued common share capital on the basis of 2.5 old common shares for 1 new common share (the “Consolidation”).

Management believes that the Consolidation is in the best interest of the Company and will allow the Company greater possibilities with respect to future financings. The Consolidation was accepted by the TSX Venture Exchange (the “Exchange”) by Bulletin dated March 4, 2020.  Prior to the Consolidation, the Company had 24,170,784 common shares issued and outstanding, and following the Consolidation, there will be approximately 9,668,314 common shares issued and outstanding. In connection with the Consolidation, the name of the Company will notchange and the Company’s trading symbol will remain as “MGI”.

For further information, visit the Company’s website at www.magnumgoldcorp.com.

Magnum Goldcorp Inc.

“Douglas L. Mason”


Douglas L. Mason, President and CEO

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.