West Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) - Magnum Goldcorp Inc. (TSXV: MGI) (the "Company" or "Magnum Goldcorp") announces that effective May 20, 2025, the Company's common shares will commence trading on a postconsolidated basis of two (2) old pre-consolidated common shares for one (1) new postconsolidated common share (the "Consolidation"). The record date for the Consolidation has been set as May 20, 2025. The issued and outstanding reserved for issuance post-consolidation 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.