This website contains forward-looking information and forward-looking statements (collectively, “forward-looking statement”) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of November 30, 2020. Any statement that involves discussions with respect to predictions, expectations, plans, projections, future events or performance, often but not always using words such as “believe”, “expect”, “intend”, “should”, “seek”, “anticipate”, “will”, “positioned”, “project”, “risk”, “plan”, “may”, “estimate” or, in each case, their negative and words of similar meaning are not statements of historical fact and may be forward-looking statements.


In this presentation, forward-looking statements relate, among other things, to statements regarding the future plans and objectives of Magna Mining Corp. (the “Company” or “Magna”), the feasibility study results, in-situ value, resource exploration and expansion results, future prospects of the Shakespeare Mine or surrounding property, estimate of future metal prices, anticipated future revenue streams, completion of a go-public transaction and financing activities.


All forward-looking statements involve various risks assumptions, estimates and uncertainties that are based on current expectations and actual results may differ materially from those contained in such information. These risks, assumptions, estimates and uncertainties could adversely affect the outcome and financial effects of the plans and events described herein. Even if the outcome and financial effects of the plans and events described herein are consistent with the forward-looking information contained in this presentation, those results or developments may not be indicative of results or developments in subsequent periods.


These risks and uncertainties include, but are not limited to, risks relating to: the ability of the Company to complete further exploration activities, including drilling; the Company’s interest and title to its properties, including the Shakespeare Mine; the ability of exploration activities to accurately predict mineralization; errors in management’s geological and financial modeling; the ability of the Company to maintain all current permits; the ability of the Company to obtain any additional approvals and complete additional transactions; the ability of the Company to execute on its drill program; the ability of the Company to secure the necessary contractors in a timely fashion; the legislative and regulatory environments; the impact of competition and the competitive response to the Company’s business strategy; the timing and amount of capital and other expenditures; conditions in financial markets and the economy generally; the ability of the Company to obtain additional financing on satisfactory terms or at all; the ability of the Company to complete a go-public transaction; the ability of management of the Company to operate and grow Magna’s business effectively; fluctuations in metal prices; and, the speculative nature of mineral exploration and development.


Although the Company has attempted to identify important risks, uncertainties and other factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. These statements reflect the current internal projections, expectations or beliefs of the Company and are based on information currently available to the Company. Historical information contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All of the forward-looking statements contained in this presentation are qualified by these cautionary statements. Furthermore, all such statements are made as of November 30, 2020 and, except as required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.


An investment in the Company is speculative due to the nature of the Company’s business. The ability of the Company to carry out its growth initiatives as described in this presentation is subject to various risks and uncertainties. Investors should not place undue reliance on forward-looking statements as the plans, intentions or expectations upon which they are based might not occur. Investors and others who base themselves on the Company’s forward-looking statements should carefully consider such risks as well as the uncertainties they represent and the risk they entail. The Company also cautions readers not to place undue reliance on these forward-looking statements.


This presentation shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of securities in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such province, state or jurisdiction presentation.


Any securities referred to in this presentation will be offered on a private placement basis in reliance upon exemptions from the prospectus or registration requirements of applicable securities legislation. Resale of the Company’s securities will be restricted in the manner provided by such securities legislation and in the agreements governing the offering. There is no market through which the securities of the Company may be sold and investors may not be able to resell the securities purchased under any offering of the Company’s securities. Accordingly, investors may be required to bear the financial risk of investing in the securities indefinitely. Securities legislation in certain of the Canadian provinces provides purchasers, in addition to any other rights they may have at law, with a remedy for rescission or damages where an offering memorandum contains a misrepresentation please. Please see “Statutory Rights” at the end of this presentation for more details and consult your legal advisor in respect thereof.


The securities referred to in this presentation are not and will not be registered under the U.S. Securities Act of 1933 or any other legislation and may not be offered or sold in the United States or elsewhere except pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933 and applicable state securities laws and any other applicable laws. Neither the U.S. Securities and Exchange Commission or any state or foreign securities commission reviewed or passed upon the accuracy or adequacy of this presentation.

Data and technical information in this document is extracted from the NI 43 101 technical report entitled “2019 Mineral Resource Estimate Update for The Shakespeare Ni Cu PGE Sulphide Deposit, Shakespeare Project, Ontario, Canada” prepared for Magna Mining Corp., written by SGS Canada Inc., dated April 3, 2019. Allan Armitage, Ph D., P Geo., is the Qualified Person as defined by National Instrument 43-101. References in this presentation to the foregoing technical report should be not construed as depicting the complete findings of the entire referenced report.


Peter C. Lightfoot, Ph.D., P.Geo., is the Qualified Person as defined by National Instrument 43-101, is the Senior Geological Advisor to the Company and has reviewed and approved the technical information in this document. All dollar amounts are in CAD unless otherwise noted.