Magnum Uranium Corp.
TSX VENTURE : MM

Magnum Uranium Corp.

October 18, 2007 14:09 ET

Magnum Discovers Sizeable Radon Anomaly at Marysvale

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2007) - Magnum Uranium Corp. ("Magnum") is pleased to announce the discovery of a sizable radon anomaly at its Marysvale Uranium Property located in the historic Marysvale Uranium District, Piute Co., Utah. The anomaly was delineated during a soil-gas radon survey conducted in August 2007 by StrataModel, Inc. The anomaly defines an 800 to 850-foot-wide by 1,570-foot-long coherent zone that strikes N30W and indicates untested subsurface uranium mineralization. The area covered by this anomaly is approximately 22 acres and lies in the central portion of Magnum's claim block at the southern end of the core of the historic Marysvale Uranium District. Approximately 1.8 million pounds of uranium were produced from the core of the District at an average production grade of 0.075% U3O8.

The strength of this anomaly is significant in that 7 of 11 sample sites contain greater than 6 standard deviations of tracks per hour. The tracks had to be manually counted as the results generated from the radon gas survey exceeded the mechanical counters capability. Magnum plans on drilling six (6) holes to test this anomaly during the upcoming 2008 field season.

John R. Carden Ph.D., P. Geo., a Qualified Person as defined by National Instrument 43-101, is responsible for the technical information in this release.

The Company

Magnum is a Vancouver-based minerals exploration company focused on the acquisition and development of uranium assets in North America. Currently, Magnum's primary property holdings are located in the Western United States, specifically Wyoming, Utah, Idaho, and New Mexico, and in Canada's Athabasca Basin.

ON BEHALF OF THE BOARD

Craig T. Lindsay, President & CEO

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has neither approved or disapproved of the contents herein.

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