MAGNA GOLD CORP. ANNOUNCES FISCAL YEAR-END CHANGE

Magna Gold Corp – News

TORONTO, November 30, 2020 – Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company“) is pleased to announce a fiscal year-end change from March 31 to December 31. This change will align the fiscal year-end of the Company with that of its subsidiaries, Molimentales del Noroeste, S.A. de C.V., LM Mining, S.A. de C.V. and Minera Magna, S.A. de C.V., which are required to have fiscal periods for Mexican tax purposes ending on December 31. With this change, the Corporation’s current fiscal year, which began on April 1, 2020, will end December 31, 2020. The notice of change of year-end required under National Instrument 51-102 – Continuous Disclosure Obligations will be filed under the Company’s profile at www.sedar.com.

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