West Vancouver, British Columbia--(Newsfile Corp. - April 4, 2025) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum Goldcorp") announces that it has 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 $118,301.49 through the issuance of an aggregate of 2,366,030 common shares of the Company (the "Shares") at a deemed value of $0.05 per Share. The issuance of the Shares are subject to the approval of the TSX Venture Exchange. The Shares issued pursuant to the Settlement 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"

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Douglas L. Mason, President and CEO

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