MagIndustries Corp.
TSX : MAA

MagIndustries Corp.

October 25, 2010 18:00 ET

MagIndustries Announces Management Changes

TORONTO, CANADA--(Marketwire - Oct. 25, 2010) - MagIndustries Corp. ("MagIndustries" or the "Company")(TSX:MAA) reports the retirement of Bill Burton, President and Chief Executive Officer and Sally Burton, Corporate Secretary.

Gerard Munera, Chairman of the Board of Directors of the Company, stated "On behalf of the Board, I would like to recognize Bill and Sally for their pioneering work in the establishment of the Company and its projects and thank them for their efforts and continuous dedication to the Company. Working with them has been a real privilege and we will miss their involvement and contribution. We extend our best wishes to them in all of their future endeavours."

The Board of Directors of the Company has resolved to make the following appointments:

Chief Executive Officer Rich Morrow
   
President Stephane Rigny
   
General Counsel, Corporate Secretary and Vice President, Administration Richard Pratt
   
Chief Financial Officer and Vice President, Finance William C. Burton

Rich Morrow stated "I would like to thank the Board for the vote of confidence in our management team. We are committed to bringing our best efforts to the completion of the strategic priorities that the Board has set for us."

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 418,362,462 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 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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