(604) 922-2030 info@waterfrontgroup.com

Magnum Goldcorp Announces Shares for Debt Settlement

West Vancouver, British Columbia – August 6, 2020 – Magnum Goldcorp Inc. (the “Company” or “Magnum Goldcorp”) announces that it has entered into a debt settlement agreement (the “Agreement”) to settle obligations owed to certain an arm’s length creditor, in the amount of $61,250, through the issuance of 1,020,833 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, and when issued the Shares 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.