Magnum Goldcorp Inc. announces that further to its news release of December 1, 2021, the Company reported that it has received an approved work permit in order to proceed with its planned exploration on its LH Property located near Silverton, British Columbia. Magnum has received a 2-year Multi-Year Area Based (MYAB) work permit for its LH Property, issued by the Ministry of Energy, Mines and Low Carbon Innovation. The Company is planning a diamond drill program to further explore its LH Property to begin in the late Spring, once weather conditions allow.

The LH Property is a gold exploration property consisting of 19 contiguous crown granted claims and 7 mineral claims, located approximately 7 km south of Silverton, British Columbia, on the east side of Slocan Lake. Access to the LH Property is via Highway 6 for 1.1 km south of Silverton and then via Red Mountain Road for 1.6 km to the Hewitt Mine Road, and then along a four-wheel drive road along Fingland Creek for approximately 5 km.