MEN

MAGNUM ENERGY INC. (the "Company") (TSX VENTURE:MEN) is pleased to announce
that, subject to regulatory approval, 131,579 stock options have been granted to
a director of the Company, exercisable at a price of $0.38 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

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