Magna Gold Corp. Announces Completion of Acquisition of Las Marias Property

TORONTO, Aug. 16, 2019 (GLOBE NEWSWIRE) — Magna Gold Corp. (TSXV: MGR.P) (“Magna” or the “Corporation”), is pleased to announce that further to its press release on May 27, 2019, it has completed the acquisition of the Las Marias Property and Las Cabanas mineral claims (the “Las Marias/Las Cabanas Transaction”). Las Marias Property consists of 7 mining concessions covering 646 hectares adjacent to the Mercedes Property and Las Cabanas consists of 2 claims covering 248 hectares located approximately 10 km south-west of the Mercedes Property in Sonora, Mexico. The total purchase price for the new mineral concessions and other rights was $250,000 and the issuance of 1,000,000 common shares (the “Consideration Shares”) of the Corporation.