MAGNA GOLD CORP. ANNOUNCES GRANT OF OPTIONS

Magna Gold Corp – News

TORONTO, June 29, 2020 – Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company“) announces that it has granted a total of 2,250,000 incentive stock options to purchase common shares of the Company (“Common Shares“) to certain officers, directors and consultants of the Company pursuant to the Company’s stock option incentive plan. Such options are exercisable at a price of $0.98 for a period of five years. The Common Shares issuable upon exercise of the options are subject to a four-month hold period which will expire on October 30, 2020.

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