TORONTO, May 27, 2019 — Magna Gold Corp. (TSXV: MGR.P) (“Magna” or the “Corporation”), is pleased to announce that its qualifying transaction (the “Qualifying Transaction”) is scheduled to close on June 5, 2019 pursuant to the policies of the
Exchange. The Corporation received final approval of the Qualifying Transaction from the Exchange and approval of the filing statement prepared in accordance with the requirements of the Exchange (the “Filing Statement”) dated May 27, 2019,
which is available on the Corporation’s SEDAR profile at http://www.sedar.com.