MAGNA GOLD REPORTS ON FINAL PAYMENTS FOR THE SAN FRANCISCO MINE ACQUISITION

Toronto, Ontario – May 7, 2021 – Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company”) is pleased to announce the payment of US$5,000,000 to Argonaut Gold Inc. (“Argonaut”) in relation to the acquisition of the San Francisco Mine.   

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