MagIndustries Corp.
TSX : MAA

MagIndustries Corp.

September 23, 2011 18:30 ET

MagIndustries Announces Changes to Board of Directors

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2011) - MagIndustries Corp. (TSX:MAA) (the "Company") is pleased to announce that Board of Directors of the Company has accepted the resignation of Mr. John Lee from the Board of Directors and has appointed in his place Professor Anming ZHANG as a director to hold office until the next annual general meeting of the shareholders of the Company. The Board of Directors of the Company has also resolved to add an additional director to the Board of Directors and has appointed Mr. Qiang JIANG as a director to hold office until the next annual general meeting of the shareholders of the Company.

Professor ZHANG is a Full Professor in Operations and Logistics and holds the Vancouver International Airport Authority Chair in Air Transportation at the Sauder School of Business of the University of British Columbia. He has served as the Chair of the Operations and Logistics Division of the Sauder School of Business of the University of British Columbia and as the Director of the University of British Columbia Centre for Transport Studies. He has also been the Vice President (Academic & Program) for the World Air Transport Research Society since 2006.

Mr. JIANG holds a bachelor degree in engineering from Zhejiang University and a master of business administration from Science & Technology University of South China. He is the Chief Executive Officer of Evergreen Industries Group and is a director of Sinopacific Shipbuilding Group and Sinopacific Offshore & Engineering Co., Ltd.

Mr. Simon LIANG, Chairman of the Board of Directors, remarked "The Board of Directors and management of MagIndustries Corp. is excited to welcome Professor ZHANG and Mr. JIANG to the Board. These gentlemen bring with them tremendous experience which will greatly assist the directors to guide the Company through a very dynamic period in its development. We are all looking forward to working together to pursue the Company's projects for the benefit of its shareholders."

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". MagIndustries is focused on the development of its potash assets in the Republic of Congo. More information on the Company is available on its website, www.magindustries.com.

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

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