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File: NR1020.docx





Trading symbol: TSX-V: MGI

News Release No. 14-05

Magnum Goldcorp Completes Drilling on its LH Gold Exploration Property, B.C.

West Vancouver, British Columbia - October 20, 2014 - Magnum Goldcorp Inc. (the "Company" or "Magnum Goldcorp") is ple
--->ased to announce that the Company has completed its helicopter-supported drill program on the LH gold exploration prop
--->erty (the "LH Property"). The LH Property consists of 19 contiguous crown granted claims and six mineral claims, locat
--->ed approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property
---> is via Highway 6 for 8 km south of Silverton and then via Red Mountain Road for 2 km and a four-wheel drive road alon
--->g Fingland Creek for 5 km.

As part of its 2014 exploration program, the Company completed 4 drill holes at 2 setup locations for a total of 707 m
--->etres of BTW core.  The program was initiated to make an initial test of anomalies identified from the recently comple
--->ted ground geophysical survey (see the Company's news releases of May 23, 2014, August 26, 2014 and September 12, 2014
---> for additional details and information regarding the current exploration program for the LH Property project).

Core from drill hole LH-14-26 was split in its entirety, with sampling in the subsequent three holes limited to minera
--->lized intervals having approximately 2% pyrrhotite over greater than 1 metre.  Sampling of the remainder of the holes 
--->has been postponed to a later date.  Drill core has been split at approximately 1 metre intervals.  Samples have been 
--->submitted to AGAT Laboratories in Burnaby, BC for analysis.  Assay results will be reported by the Company when receiv
--->ed and reviewed.
 This news release has been reviewed and approved by Rick Walker, P. Geo., who is acting as the Company's Qualified Pe
--->rson for the LH Property project, in accordance with regulations under NI 43-101.

By option agreement dated September 6, 2012, the Company was granted an option by International Bethlehem (TSX-V: IBC)
---> to acquire a 51% interest in the LH Property (the "Option"). Under the Option, Magnum Goldcorp has agreed to incur ex
--->penditures on the LH Property totaling $500,000 ($250,000 by November 2014 and an additional $250,000 by November 2015
--->). As well, Magnum Goldcorp has agreed to issue 3,000,000 shares to International Bethlehem (1,000,000 shares by Novem
--->ber 2014; an additional 1,000,000 shares by November 2015; and an additional 1,000,000 shares upon the LH Property rec
--->eiving a bankable feasibility report on or before 10 years after the option has been earned in). The LH Property is su
--->bject to certain net smelter return royalties (see the Company's news release dated September 21, 2012 for additional 
--->details and information regarding the Option and the LH Property).

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922 2030.

Magnum Goldcorp Inc.

"Daniel B. Evans"
_________________________________
Daniel B. Evans, President

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

This news release includes certain statements that may be deemed "forward-looking statements" within the meaning of ap
--->plicable securities legislation. All statements, other than statements of historical facts, that address such matters 
--->as future exploration, drilling, exploration activities, potential mineralization and resources and events or developm
--->ents that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and ot
--->her factors of which are beyond the reasonable control of the Company. Such statements are not guarantees of future pe
--->rformance and actual results or developments may differ materially from those expressed in, or implied by, this forwar
--->d-looking information. Factors that could cause actual results to differ materially from those in forward-looking stat
--->ements include such matters as market prices, exploitation and exploration results, continued availability of capital 
--->and financing, and general economic, market or business conditions. Any forward-looking statements are expressly quali
--->fied in their entirety by this cautionary statement. The information contained herein is stated as of the current date
---> and subject to change after that date and the Company does not undertake any obligation to update publicly or to revi
--->se any of the forward-looking statements, whether as a result of new information, future events or otherwise, except a
--->s may be required by applicable securities laws.