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Magnum Goldcorp Inc. Announces Director and Officer Changes

West Vancouver, British Columbia – August 18, 2020 – Magnum Goldcorp Inc. (the “Company” or “Magnum”) announces that Douglas Mason has resigned as President, and in connection therewith, Magnum is very pleased to announce that Peter D. Berdusco has been appointed as President and as a Director of the Company.  Mr. Mason remains as Chief Executive Officer and as a Director of Magnum.

Mr. Berdusco is a senior executive officer and board member in the public and private sectors. Over the past 20 years he has applied his expertise to corporate restructurings, reverse-take-overs, board oversight, strategic planning, corporate management and project financing. The last ten-year years he has fulfilled the position of Chief Executive Officer for a number of junior resource companies that trade on the TSX Venture Exchange. During his tenure as CEO, he has successfully raised capital and financed mining projects in the Americas and in Africa.

For further information, contact Douglas L. Mason at 604-922-2030, or visit the Company’s website at www.magnumgoldcorp.com.

Magnum Goldcorp Inc.

“Douglas L. Mason”


Douglas L. Mason, Chief Executive Officer

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.