MagIndustries Corp.

MagIndustries Corp.

March 30, 2010 16:00 ET

MagIndustries Announces 2009 Financial and Operating Results and Filing of Annual Information Form

TORONTO, ONTARIO--(Marketwire - March 30, 2010) - MagIndustries Corp. ("Mag" or the "Company") (TSX:MAA) is pleased to report its 2009 financial and operating results and the filing of its Annual Information Form ("AIF") for the year ended December 31, 2009.

The management's discussion and analysis, consolidated financial statements and AIF can be viewed on SEDAR at and shareholders or interested parties are encouraged to review the complete consolidated financial statements for further details.

A conference call for shareholders, analysts and other members of the investment community has been scheduled for Wednesday March 31, 2010 at 09:00 a.m. Eastern Daylight Time to discuss the financial results and provide an update on corporate developments.

To participate in the conference please call the numbers listed below approximately five minutes prior to the scheduled start of the call.

  • Toll-free within North America: 1-888-396-8063

  • For local and overseas calling: 1-416-764-8652

A recording of the call will be available. Please dial 1-877-674-6060 (Toll-free) or +1 416-764-8691 (Local) and enter the PIN number 19860 followed by the number sign to listen to the playback.

About MagIndustries Corp.

MagIndustries is a Canadian company whose common shares are listed on the TSX and trades in Canadian currency under the symbol "MAA". The Company has 418,042,462 shares outstanding on an undiluted basis. MagIndustries is focused on the development of its potash assets in the Republic of Congo. More information on the Company is available at its website,

Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.

Cusip: 55917T 102

Contact Information