MegumaGold Completes Ground Geophysics Program at Touquoy West Property - Seite 4

Figure 4 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9c8d75c7-e6bc-4767 ...

Figure 5 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e08bd02-49f1-4228 ...

Figure 6 accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/812ac90c-1139-4683 ...

Qualified Person Statement

This press release has been reviewed and approved by Regan Isenor, Chief Executive Officer of MegumaGold Corp.; and Paul Ténière, M.Sc., P.Geo. of Mercator Geological Services Ltd., an “Independent Qualified Person” as defined under NI 43-101, has prepared and approved the scientific and technical information disclosed in this press release.

References

D.D.V. Gold Ltd., 2015: Report NS AR ME 1020870; NS Department of Mines and Energy Assessment Report by Mercator Geological Services Ltd.

Seabright Explorations Inc., 1986: Report NS AR ME 1986-131; NS Department of Mines and Energy Assessment Report by MPH Consulting Ltd.

Seabright Explorations Inc., 1987: Report NS AR ME 1988-115; NS Department of Mines and Energy Assessment Report by A. Bruce Hudgins.

About MegumaGold Corp.

MegumaGold is a Canadian junior gold exploration company engaged in the business of acquiring, exploring and developing natural resource properties. Since 2018 the Company has centered its exploration focus on the developing Meguma Supergroup gold play of Nova Scotia. As a result, the Company has assembled a strategically-positioned land position of 107,114 hectares within this promising geological domain.

For more information, please contact
Mr. Regan Isenor, Chief Executive Officer
902-233-4381
[e-mail]
www.megumagold.com

Forward-Looking Statements

All statements in this presentation, other than statements of historical fact, are "forward-looking information" with respect to MegumaGold within the meaning of applicable securities laws including, without limitation economic estimates and any statements related to estimated mining costs. MegumaGold provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to exploration findings, results and recommendations, as well as those risks and uncertainties identified and reported in MegumaGold’s public filings under its SEDAR profile at www.sedar.com. Although MegumaGold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. MegumaGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.