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
(TSXV:MEN)
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