(604) 922-2030 info@waterfrontgroup.com

Magnum Goldcorp Receives Approval of Shares for Debt Settlement

West Vancouver, British Columbia – April 27, 2020 – By news release dated March 24, 2020, Magnum Goldcorp Inc. (the “Company” or “Magnum”) announced that it had 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 at a deemed value of $0.06 per share. The Company received TSX Venture Exchange (the “Exchange”) acceptance of the Settlement by letter dated April 16, 2020 and the subject shares were issued by the Company on April 23, 2020 (at a deemed price of $0.06 per share). The shares issued pursuant to the Settlement are subject to a statutory four month hold period expiring on August 24, 2020.

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.