Exploration Phase 1 Reverse Circulation Exploration Program: reverse circulation drilling in 21 holes totalling 2,723 meters was completed in Q4, 2019. This phase confirmed near surface gold/silver mineralization along 300 meters of La Lamosa Ridge. Open mineralization continues at depth towards the SW of the ridge. The following table summarizes main drill intercepts at Lamosa Hill RC Hole No. Total Length From (m) To (m) Width (m) True Width (m) Au g/t Ag g/t AuEq g/t Hole purpose MER19-001 167.64 0.00 140.21 140.21 0.53 8.5 0.64 Twin MER08-001 0.00 33.53 33.53 Not Available Drilled Down Dip 0.66 7.2 0.75 Include 0.00 13.72 13.72 1.04 3.1 1.08 And 44.20 48.77 4.57 0.52 1.9 0.54 And 60.96 97.54 36.58 0.97 9.9 1.09 Include 60.96 68.58 7.62 1.55 2.1 1.57 Include 71.63 92.96 21.33 1.00 8.8 1.11 And 128.02 140.21 12.19 0.66 9.8 0.78 Include 129.54 135.64 6.10 0.85 14.4 1.03 MER19-002 152.4 0.00 18.29 18.29 0.55 2.5 0.58 Exploration Include 3.05 4.57 1.52 At the footwall 1.33 2.2 1.36 Include 7.62 15.24 7.62 0.76 3.0 0.80 And 111.25 114.30 3.05 0.58 23.5 0.87 MER19-003 134.11 0.00 120.40 120.40 0.54 22.4 0.81 Twin MER08-002 And 24.38 28.96 4.57 Not Available Drilled Down Dip 0.41 4.9 0.47 And 32.00 68.58 36.58 0.74 63.9 1.51 Include 59.44 62.48 3.05 2.42 404.5 7.33 And 79.25 120.40 41.15 0.79 5.6 0.85 Include 83.82 89.92 6.10 1.59 11.7 1.73 Include 96.01 97.54 1.52 1.73 1.3 1.75 Include 115.82 118.87 3.05 2.49 9.1 2.60 MER19-004 131.06 0.00 118.87 118.87 59.44 0.46 41.8 0.97 Exploration And 18.29 44.20 25.91 12.95 0.59 64.2 1.37 Include 28.96 30.48 1.52 0.76 1.16 48.2 1.75 Include 35.05 39.62 4.57 2.28 1.57 151.0 3.41 And 44.20 50.29 6.10 3.05 0.12 45.2 0.66 And 54.86 57.91 3.05 1.52 0.26 300.0 3.90 And 80.77 112.78 32.01 16.00 0.75 13.8 0.92 Include 80.77 92.96 12.19 6.10 0.78 15.0 0.96 Include 100.58 109.73 9.14 4.57 1.26 11.6 1.40 And 115.82 118.87 3.05 1.53 1.00 5.1 1.06 MER19-005 91.44 6.10 9.14 3.05 Not available 0.33 1.5 0.35 Exploration And 30.48 32.00 1.52 0.31 39.5 0.79 MER19-006 91.44 4.57 27.43 22.86 11.43 0.57 25.2 0.88 Exploration Include 18.29 25.91 7.62 3.81 1.09 44.5 1.63 And 50.29 53.34 3.05 1.52 0.86 8.4 0.96 MER19-007 131.06 0.00 27.43 27.43 17.83 0.45 10.2 0.57 Exploration Include 3.05 9.14 6.10 3.96 0.80 17.5 1.02 Include 22.86 24.38 1.52 0.99 1.11 7.6 1.20 MER19-008 140.2 0.00 62.48 62.48 40.16 0.36 12.4 0.52 Exploration Include 25.91 47.24 21.33 11.76 0.53 19.7 0.77 MER19-009 91.44 0.00 10.67 10.67 6.86 0.35 7.8 0.45 Exploration And 51.82 56.39 4.57 2.94 1.23 15.8 1.42 Include 53.34 54.86 1.52 0.00 2.65 19.2 2.88 And 76.20 77.72 1.52 0.00 0.40 2.0 0.43 MER19-010 100.58 0.00 30.48 30.48 21.55 0.60 15.9 0.80 Exploration Include 7.62 12.19 4.57 3.23 1.74 69.0 2.58 Include 19.81 25.91 6.10 4.31 0.69 6.7 0.78 And 35.05 47.24 12.19 8.62 0.31 4.7 0.36 MER19-011 115.82 68.58 76.20 7.62 4.90 0.52 20.0 0.77 Exploration Include 68.58 70.10 1.52 0.98 1.36 24.6 1.66 MER19-012 152.40 0.00 1.52 1.52 1.52 0.39 3.6 0.43 Exploration And 4.57 6.10 1.52 1.52 0.49 3.7 0.54 MER19-013 155.45 No significant assay results Exploration MER19-014 161.54 15.24 42.67 27.43 27.43 0.69 9.3 0.80 Exploration Include 15.24 22.86 7.62 7.62 0.83 11.1 0.96 Include 25.91 28.96 3.05 3.05 1.27 32.8 1.67 Include 32.00 38.10 6.10 6.10 0.74 1.2 0.76 And 47.24 51.82 4.57 4.57 0.37 7.9 0.47 MER19-015 128.02 47.24 64.01 16.76 8.38 0.77 6.5 0.85 Exploration And 82.30 83.82 1.52 0.76 0.26 223.0 2.97 And 99.06 106.68 7.62 4.57 0.62 15.1 0.81 MER19-016 112.78 0.00 1.52 1.52 0.95 1.2 0.96 Exploration MER19-017 161.54 No significant assay results Exploration MER19-018 100.58 0.00 38.10 38.10 Not available 0.67 13.2 0.83 Exploration Include 21.34 27.43 6.10 1.43 42.9 1.95 MER19-019 152.4 0.00 28.96 28.96 Not available 0.76 8.9 0.87 Exploration Include 0.00 7.62 7.62 1.06 9.3 1.17 Include 12.19 13.72 1.52 1.70 64.8 2.49 And 39.62 47.24 7.62 0.73 14.9 0.91 And 57.91 59.44 1.52 0.25 75.4 1.17 MER19-020 100.58 0.00 21.34 21.34 Not available 1.61 2.2 1.64 Exploration Include 4.57 7.62 3.05 6.99 3.9 7.03 MER19-021 147.83 0.00 21.34 21.34 Not available 1.21 11.8 1.36 Exploration Include 0.00 3.05 3.05 4.26 15.4 4.44 Include 6.10 7.62 1.52 2.57 19.0 2.80 Include 13.72 15.24 1.52 1.53 41.5 2.04 Scroll right to view more Comprehensive mapping and sampling work have led to the identification of 4 mineralized targets within the property: Mina de Oro Sample Type Width (m) Sample Number Au g/t Ag g/t Cu_% Pb% Chip Channel 1.30 187 1.948 50.8 0.00 0.11 Chip Channel 2.00 253 3.742 32.9 0.23 0.03 Chip Channel 1.30 263 0.124 1,000 1.04 4.00 Chip Channel 1.00 752 0.021 372 0.79 0.26 Chip Channel 1.50 753 0.196 462 0.49 0.77 Chip Channel 1.20 754 8.594 713 6.90 4.00 Chip Channel 0.30 762 11.100 4.8 0.03 0.01 Chip Channel 0.30 764 1.229 0.7 0.01 0.00 Chip Channel 2.50 792 2.798 48.5 0.01 0.47 Chip Channel 1.50 793 0.446 110 0.06 0.59 Chip Channel 1.20 796 63.200 31.5 0.00 0.08 Chip Channel 1.00 841 3.012 0.9 0.00 0.00 Chip Channel 2.00 929 1.027 14.7 0.01 0.59 Chip Channel 2.60 937 1.073 19.3 0.01 0.20 Chip Channel 1.20 938 10.600 558 0.21 4.00 Chip Channel 1.80 1304 0.010 184 1.45 0.33 Chip Channel 1.00 1305 0.038 157 0.11 0.47 Scroll right to view more Salto Colorado Sample type Width (m) Sample # Gold g/t Silver g/t Copper % Lead % Channel 1.0 716 8.53 303 0.02 1.76 Panel - 1229 8.10 5 0.03 0.01 Grab - 1082A 2.81 818 26.63 8.22 Dump - 715 2.39 460 4.21 4.00 Channel 1.0 710 1.38 66 0.12 0.12 Channel 2.0 708 1.18 389 2.65 3.90 Scroll right to view more Noche Buena: Sample type Width (m) Sample # Gold g/t Silver g/t Copper % Lead % Channel 1.0 1007 0.76 80 1.36 0.06 Channel 2.8 1081 0.42 67 0.43 0.03 Channel 1.5 1114 0.37 25 0.03 0.91 Scroll right to view more La Cueva Sample type Width (m) Sample # Gold g/t Silver g/t Copper % Lead % Channel 1.0 1189 1.95 92 0.01 1.96 Channel 1.0 1188 0.12 151 0.02 1.59 Scroll right to view more Subscribe to our Newsletter Submit About Company Magna is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima and Mercedes. Contact 18 King St. E, Suite 902 Toronto, Ontario, Canada M5C IC4 Tel: +52 1 (662) 257 1902 Email: info@magnagoldcorp.com Disclaimer & Disclosure Designed and Powered by BLENDER