Magnus International Resources, Inc.

Magnus International Resources, Inc.

January 10, 2005 15:34 ET

Magnus International Resources Inc. Announces Extension of Private Placement Warrants


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MAGNUS INTERNATIONAL RESOURCES INC.

OTC Bulletin Board SYMBOL: MGNU

JANUARY 10, 2005 - 15:34 ET

Magnus International Resources Inc. Announces
Extension of Private Placement Warrants

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2005) - Magnus
International Resources Inc. ("Magnus") (OTCBB:MGNU) announces, in
relation to its most recent private placement offering, that it will be
extending the expiry date of warrants attached to units sold in that
private placement. Originally the warrants were to have an expiry date
of January 9, 2005. The board of directors for Magnus resolved, On
January 6, 2005, to extend the warrants until July 31, 2005, in order to
raise additional capital in the Company from the private placement
investors who have not yet received their Warrants.

Magnus International Resources, Inc. is engaged in the acquisition,
exploration and development of mineral properties, focusing primarily on
gold and copper properties in China. Under a joint venture agreement
with China Yunnan Province Nuclear Industry Brigade 209 ("Team 209"),
Magnus retains a 90% interest in various Chinese properties through its
joint venture company, Long Teng Mining Ltd.

This news release may include forward-looking statements within the
meaning of section 27A of the United States Securities Act of 1933, as
amended, and section 21E of the United States Securities and Exchange
Act of 1934, as amended, with respect to achieving corporate objectives,
developing additional project interests Magnus' analysis of
opportunities in the acquisition and development of various project
interests and certain other matters. These statements are made under the
"safe harbor" provisions of the United States Private Securities
Litigation Reform Act of 1995 and involve risks and uncertainties which
could cause actual results to differ materially from those in the
forward-looking statements contained herein.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Magnus International Resources Inc.
    Investor Relations
    (604) 694-1432 or (888) 888-1494