Magnum Energy Inc.

Magnum Energy Inc.

July 31, 2008 19:20 ET

Magnum Energy Inc. Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2008) - Magnum Energy Inc. (TSX VENTURE:MEN) announces that, subject to regulatory approval, 100,000 options have been granted to an officer of the Company, exercisable at a price of $0.34 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.

Allan Thompson

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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