Magnum Uranium Corp.

Magnum Uranium Corp.

December 18, 2007 14:05 ET

Magnum Uranium Completes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 18, 2007) - Magnum Uranium Corp. ("Magnum" or "the Company") (TSX VENTURE:MM) is pleased to announce the closing of its previously announced non-brokered brokered private placement of CDN$450,000. The financing consists of 1,000,000 units of the Company (the "Units") at a price of $0.45 per Unit. Each unit will consist of one common share and one warrant, exercisable by the holder to acquire one additional common share at a price of $0.65 for two years. The net proceeds from this private placement will be used as general working capital. The Company will not incur any Finders Fees or related selling expenses in connection with this financing.

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.


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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