MEN

MAGNUM ENERGY INC. (the "Company") (TSX VENTURE: MEN) is pleased to announce that, subject to regulatory approval, an aggregate of 575,000 stock options have been granted to directors, officers and consultants of the Company, exercisable at a price of $0.37 per share for a period of five years from the date of grant. The options have been granted in accordance with the Company's stock option plan.

ON BEHALF OF THE COMPANY

Richard Nemeth, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Magnum Energy Inc. Richard Nemeth President & CEO 604.669.3155 604.669.3177 (FAX) rnemeth@magnumenergyinc.com www.magnumenergyinc.com