Magnus International Resources, Inc.

Magnus International Resources, Inc.

December 06, 2007 06:23 ET

Magnus International Resources to be Quoted on the Pink Sheets OTC Quotation System in the United States and Takes Further Steps Towards Obtaining a Public Listing in Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 6, 2007) - Magnus International Resources, Inc. ("Magnus" or the "Company") (PINK SHEETS:MGNU)(FRANKFURT:GVY1) announces that as of December 6, 2007 the Company's common shares will commence quotation for trading on the Pink Sheets over-the-counter quotation system instead of on the OTCBB. The stock symbol will remain as "MGNU".

The main difference that investors may notice in Magnus' stock price quotation on the Pink Sheets is that a bid-ask spread will not be quoted, but only the last trading price will be provided. Investors will be able to access prices for the Company's shares on most financial websites that offer quotation of North American stocks, including the Pink Sheets website at, Yahoo Finance at (under the symbol "MGNU.PK"), and on Stockwatch at

The Company has been removed from quotation on the OTCBB for a period of one year because it has been delinquent in its reporting obligations three times in the past 24 months. Magnus' annual 10K filing for 2007 with the SEC was due on 29 October 2007 and the Company was granted a 15-day extension until 13 November 2007. Due to a number of unforeseen circumstances, the Company did not receive "sign-off" from its auditors for the 10K filing until 14 November 2007 and subsequently filed on that date.

The Company will continue to be a reporting issuer in the United States, and will continue to file financial and other reports with the United States Securities and Exchange Commission (SEC). Also, in 2007 the Company became a reporting issuer in the Province of British Columbia, Canada, and it will continue to file disclosure documents in Canada. The Company's public disclosure documents may be accessed in the United States through the SEC's electronic data gathering, analysis and retrieval system ( and in Canada through the Canadian Securities Administrators' system for electronic document analysis and retrieval system (

In August 2007 Magnus became a reporting issuer in Canada in anticipation of applying to have the Company's common shares listed on the TSX Venture Exchange. Magnus intends to make such application in early 2008. While Magnus' management believes that it will meet all listing criteria for the TSX Venture Exchange when it makes application, investors are cautioned that the Company is not assured of obtaining a listing.

The Company has chosen the TSX Venture Exchange because of the Exchange's prominence with respect to junior issuers in the mineral exploration business. 60% of the world's mining and exploration companies are listed on the TSX or TSX Venture Exchange. With a subsequent listing on the TSX-V, Magnus' management feels that the Company would benefit from greater accessibility to retail and institutional investment, better share price stability, greater share liquidity, and increased investor awareness. A further added advantage is that under Canadian securities laws private placement securities purchased by investors will be subject to a shorter four-month hold period, provided that applicable regulatory requirements are met.

About Magnus International Resources, Inc.

Magnus International Resources, Inc. (PINK SHEETS:MGNU) ( 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, 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 or on SEDAR or refer to Magnus' website at

If you would like to receive regular updates on Magnus please send your email request to

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 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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