Mr. Douglas Mason reports

MAGNUM GOLDCORP ANNOUNCES SHARE CONSOLIDATION

Effective May 20, 2025, Magnum Goldcorp Inc.'s common shares will commence trading on a postconsolidated basis of two old preconsolidated common shares for one new postconsolidated common share. The record date for the consolidation has been set as May 20, 2025. The issued and outstanding reserved for issuance postconsolidation will be 6,010,511. The company name and symbol have not changed.

Management believes that the consolidation is in the best interest of the company and will allow the company greater possibilities with respect to future financings.

Upon completion of the consolidation, the new Cusip for the postconsolidated common shares will be 55973N601, and the new ISIN will be CA55973N6019.