Magnus International Resources, Inc.
OTC Bulletin Board : MGNU

Magnus International Resources, Inc.

October 15, 2007 17:58 ET

Magnus International Resources Announces the Results of Due Diligence Sampling at Mashonga, Uganda

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2007) - Magnus International Resources, Inc. ("Magnus" or the "Company") (OTCBB:MGNU) is pleased to announce the results of due diligence exploration sampling at the Mashonga Property in Uganda. On August 31, 2007, Magnus announced that it had entered into a joint venture agreement on the Mashonga Property through its wholly owned subsidiary African Mineral Fields.

The Mashonga Property is located in the Buhweju region of south-western Uganda and is contiguous with Magnus' Mitoma Property. The majority of gold produced in Uganda has been from alluvial deposits around the Buhweju plateau, recovered by artisanal miners. Gold was first reported in this area in 1933. Gold from primary 'lode' sources has been produced locally from small open-cut slot and (70m deep) underground operations such as the Mashonga mine.

Multiple Styles of mineralisation:

Initial observations of the 460 square kilometre property indicate three main hosts to gold and platinum group element (PGE) mineralisation:

- Quartz veining in brown quartz-sericite schist

- Late granite pegmatite

- Mafic quartz-chlorite-sericite schist with fine grained sulphides along layering.

Mafic Schist hosted - Gold and PGE mineralisation:

As part of Magnus' evaluation of the property, rock grab samples(1) were collected from the mine dump at the open-cut slot mine. Access to the underground workings was not possible due to unstable side-wall conditions, however the local mine operators report a grey mafic schist at depth which produced fine grained gold in concentrate. Of the eight mafic schist samples collected from the surface mine dump, four returned very high grade gold and PGE assay results, as follows:



---------------------------------------------------------------------------
Sample Gold g/t Platinum g/t Palladium g/t Rhodium Lead ppm
---------------------------------------------------------------------------
15406 43.9 1.89 1.84 -- 1560
---------------------------------------------------------------------------
15406A
repeat assay 57.9 0.16 0.14 -- --
---------------------------------------------------------------------------
15406B
repeat assay 45.8 0.45 1.04 -- --
---------------------------------------------------------------------------
15407 27.6 0.06 0.16 less than 220
0.02 g/t
---------------------------------------------------------------------------
L0643 58.8 4.15 3.68 672 ppb greater than
1000
---------------------------------------------------------------------------
L0645 22.6 0.64 0.77 92 ppb greater than
1000
---------------------------------------------------------------------------
L 0677 0.15 less than 0.04 -- --
0.02
---------------------------------------------------------------------------
L 0678 0.03 less than less than -- --
0.02 0.02
---------------------------------------------------------------------------
L 0679 0.04 less than 0.04 -- --
0.02
---------------------------------------------------------------------------
L 0680 less than less than less than
0.02 0.02 0.02 -- --
---------------------------------------------------------------------------


Quartz-Sericite Schist hosted - Gold mineralisation:

Gold-bearing samples were also collected from thin quartz veins in weathered quartz-sericite schist about 1km to the north-east of the Mashonga mine. Previous artisanal mining is also in evidence from this area, where gold was extracted from a series of adits and pits into the soft weathered schist. Grab samples from quartz-sericite schist include the following results:



---------------------------------------------------------------------------
Sample Gold g/t Platinum g/t Palladium g/t Rhodium Lead ppm
---------------------------------------------------------------------------
15408 0.05 less than less than less than 39
0.02 0.02 0.02
---------------------------------------------------------------------------
15409 9.74 less than 0.04 less than 3.4
0.02 0.02
---------------------------------------------------------------------------
15410 0.30 less than less than less than 14
0.02 0.02 0.02
---------------------------------------------------------------------------
15412 0.02 less than less than less than 11
0.02 0.02 0.02
---------------------------------------------------------------------------
15417 0.06 less than less than less than 5.5
0.02 0.02 0.02
---------------------------------------------------------------------------


Regional Evaluation:

Heavy Mineral Concentrate (HMC) and soil geochemistry were used to evaluate the property outside of the immediate mine area. HMC samples were collected from surface drainages on the property. High gold, and in places high palladium values in panned concentrates about 1km east and south of the Mashonga mine increase the potential of the region to host multiple zones of gold and PGE mineralization:



---------------------------------------------------------------------------
Sample Gold g/t Platinum g/t Palladium g/t Rhodium Lead ppm
---------------------------------------------------------------------------
15416 12.0 less than -- less than 24
0.02 0.02
---------------------------------------------------------------------------
15419 537.0 0.4 1.93 -- 71
---------------------------------------------------------------------------
15421 7.06 less than 0.03 less than 25
0.02 0.02
---------------------------------------------------------------------------
15422 21.3 less than 0.2 less than 300
0.02 0.02
---------------------------------------------------------------------------
L0644 33.6 0.26 0.33 0.03 72
---------------------------------------------------------------------------


The due diligence sampling also included soil sampling along four north-south traverses close to the mine site and to the east of the mine. These four Terra Leach(2) lines (a partial leach analytical method) defined a narrow gold-in-soil anomaly to the west of the current mine workings and a broader, 300m wide, anomaly extending over a distance of 1km east of the mine. The peak gold values reach 19.08ppb gold against a background of 1.28 ppb.

Mr. Graham Taylor, CEO of Magnus, commented, "We are encouraged by the positive due diligence sampling results that culminated in the signing of a joint venture agreement with a consortium of Ugandan licence holders. We consider Mashonga to be highly prospective and are aggressively pursuing high grade gold and PGE targets through a systematic approach of remote sensed image interpretation, geological mapping, litho geochemistry, soil geochemistry, ground geophysics and RC drilling."

Quality Control and Assurance:

Although the analytical procedures employed by the Company conform to standard regulations, the rock grab samples from the mine dump are indicative, but cannot as yet be considered as representative of the in-situ mineralisation. These assays do indicate the potential for discovering a high grade Gold + PGE deposit, and the Company is taking steps to evaluate the in-situ mineralisation through on-going detailed exploration including soil geochemistry, ground magnetics and RC drilling.

(1)The rock grab samples were assayed at the SGS-Lakefields laboratory in Johannesburg, South Africa. Gold, platinum, palladium and rhodium were assayed by fire assay method with ICP-MS finish. The base metals were assayed by aqua regia digest with ICP-MS finish.

(2)Terra Leach soil samples were collected by taking a 120g sieved size fraction (1mm, -20 mesh) from 5 - 10 cm depth hand dug pits. All dry samples were bagged on site while damp samples were collected in press-seal plastic bags and air-dried. Samples were packed and sealed in metal trunks and shipped to Genalysis analytical laboratories in Perth, Australia. Samples were partially digested at Genalysis using a proprietary leachant. After digestion, the leachant solution was analyzed by ICP for multi-elements.

Gavin Conway, Fellow SAIMM, a "qualified person" as defined by National Instrument 43-101, is responsible for the technical content of this news release.

The Company also announced that Graham Taylor, the Company's CEO, voluntarily surrendered his 100,000 Series A Preferred Shares, being all of the issued and outstanding Series A Preferred Shares, for cancellation and return to treasury. The board of directors of the Company has accepted the surrender and has approved the cancellation of the Shares.

About Magnus International Resources, Inc.

Magnus International Resources, Inc. (OTCBB:MGNU) (www.magnusresources.com) specializes in identifying, acquiring and developing precious and base metal properties. Magnus' objective is to develop a balanced global portfolio of early-to-advanced stage projects. Through its wholly-owned subsidiary, African Mineral Fields (www.africanmf.com), Magnus has five Ugandan gold projects. The Company has a 100% interest in two of the projects, is earning a 100% interest in two other properties and is earning a 60% interest in a fifth property. Magnus retains a 90% interest in a Sino-foreign joint venture gold exploration project at Huidong in China.

For further information please refer to the Company's filings with the SEC on EDGAR or refer to Magnus' website at www.magnusresources.com and African Mineral Fields' website at www.africanmineralfields.com.

If you would like to receive regular updates on Magnus please send your email request to info@magnusresources.com.

FORWARD LOOKING STATEMENTS

This news release may include "forward-looking statements" regarding Magnus International Resources Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Magnus expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of gold and other metals; currency fluctuations; political, operational, and governmental approval and regulation risks in China and certain African countries. For a more detailed discussion of such risks and other factors, please see "Risk Factors" in our Form 10K for our most recently completed fiscal year, on file with the SEC at www.sec.gov. This document also contains information about adjacent properties on which Magnus has no rights to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not necessarily indicative of mineral deposits on Magnus' properties.

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