West Vancouver, British Columbia – March 24, 2020 – Magnum Goldcorp Inc. (the “Company” or “Magnum Goldcorp”) announces that it has entered into debt settlement agreements (the “Agreements”) to settle obligations (the “Settlements”) owed to certain non-arm’s length and arm’s length creditors, in the aggregate amount of $275,225.27 through the issuance of an aggregate of 4,587,088 common shares of the Company (the “Shares”) at a deemed value of $0.06 per Share. The issuance of the Shares are subject to the approval of the TSX Venture Exchange. The Shares issued pursuant to the Settlement will be subject to a statutory four month hold period.
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.