Magna Mining Inc. — Capital/Financing Update 2022

Apr 5, 2022

Notice Declaring Intention to be Qualified under National Instrument 44-101 Short Form Prospectus Distributions ("NI 44-101")

MAGNA MINING INC.

To: Ontario Securities Commission ( as Principal Regulator ) British Columbia Securities Commission Alberta Securities Commission Nova Scotia Securities Commission

Magna Mining Inc. (the " Issuer ") intends to be qualified to file a short form prospectus under NI 44-101. The Issuer acknowledges that it must satisfy all applicable qualification criteria prior to filing a preliminary short form prospectus. This notice does not evidence the Issuer's intent to file a short form prospectus, to enter into any particular financing or transaction or to become a reporting issuer in any jurisdiction. This notice will remain in effect until withdrawn by the Issuer.

DATED this 1[st] day of April, 2022.

MAGNA MINING INC.

By: (signed) "Paul Fowler"

Name: Paul Fowler

Title: Senior Vice President & Corporate Secretary