Magna Gold Corp., CCAA

Magna Gold Corp., a reporting issuer headquartered in Toronto, Ontario which operates a Mexico-focused mineral resource company, had its NOI proceedings continued under the CCAA on March 27, primarily to coordinate protection between Canada and Mexico. The company's indirect subsidiary - Molimentales del Noroeste S.A. de C.V. - previously filed an application for restructuring and provisional creditor protection before the Second District Court for Insolvency Matters located in Mexico City, Mexico. Bennett Jones is counsel for the company. KSV is the Monitor, represented by Cassels. McCarthys is counsel for Delbrook Capital.