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Magnum Goldcorp Announces Resignation of Director

West Vancouver, British Columbia – July 28, 2020 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) announces the resignation of Charles (Hugh) Maddin as a director of the Company, effective July 28, 2020. The Company wishes to thank Mr. Maddin for his dedication and service as a member of the Company’s Board of Directors over the years.

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

Magnum Goldcorp Inc.

“Douglas L. Mason”

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Douglas L. Mason, 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