MagIndustries Corp.

MagIndustries Corp.

January 24, 2006 09:49 ET

MagIndustries Announces New Appointments to the Board of Directors and New Operations Offices

TORONTO, ONTARIO--(CCNMatthews - Jan. 24, 2006) - MagIndustries Corp. (the "Company") (TSX VENTURE:MAA) is pleased to announce the appointment of Mr. Moustapha Niasse and Mr. Richard Linnell to the Company's Board of Directors.

Mr. Moustapha Niasse is the former Prime Minister of Senegal (1983-1984 & 2000 - 2001). He was the Special Envoy of the General Secretary of the United Nations in the Great Lakes countries (1998-1999 & 2001-2004) and Representative of the General Secretary of the United Nations for African matters. Mr. Niasse has held several senior ministerial positions within the government of Senegal prior to becoming Prime Minister. Mr. Niasse has a Law degree, Diploma from IEDS (Paris), and a Diploma from the Ecole Nationale d'Administration du Senegal (1967). He is Chairman and CEO of various companies in the private sector as well as the founder, Chairman and main shareholder of ITOC Group which includes seven companies involved in various businesses (crude oil and refined products, insurance, port activities, consulting).

Mr. Richard Linnell, a geologist, has over 35 years experience in the resource industry in Africa principally with companies that now form part of BHP Billiton where his last two roles were Regional Director, African Exploration and Development with Billiton and General Manager, Manganese within Samancor. After retiring from full time employment with the BHP Billiton Group he was appointed as a non-executive Director of BHP Billiton (SA) Ltd., until he retired in August 2004. Mr. Linnell is a director of a number of listed junior resource companies and was recently a member of the Electricity Council, the holding company of Eskom Ltd., South Africa's electrical utility.

MagIndustries also wishes to advise that the Company's head office is located in Toronto, Canada, and its principle African operations offices are located in Sandton (Johannesburg), South Africa. Regional offices have now been set-up in Pointe-Noire and Brazzaville, Republic of Congo and in Kinshasa, the capital of the Democratic Republic of Congo. International administration operations are now handled from the Company's Barbados offices.

About MagIndustries Corp.:

MagIndustries' resource subsidiaries are proceeding with the development of major industrial projects in the Republic of Congo (ROC) and the Democratic Republic of Congo (DRC).

- MagEnergy Inc., a wholly owned subsidiary, is the leading
participant in the rehabilitation of the 1440MW Inga II
Hydro-electric station on the Congo River in the DRC.
Industrial Development Corp. of South Africa holds a 15%

- MagForestry Inc., a division of MagIndustries, controls
55% of Eucalyptus Fibre Congo an operating, 68,000
hectare eucalyptus plantation which overlies
MagIndustries magnesium and potash deposits near Pointe-
Noire, ROC.

- MagMinerals Inc., a wholly owned subsidiary, is planning
the development of a 400,000tpy potash (fertilizer) plant
at Pointe-Noire, ROC.

- MagMetals Inc., a wholly owned subsidiary, is planning
the development of a 72,000tpy magnesium smelter adjacent
to the potash plant for the production of magnesium
alloys for the global automotive industry. The raw
materials for the MagMinerals and MagMetals plants will
be sourced by solution mining MagIndustries' 100% owned
magnesium and potash salt deposits near Pointe-Noire.

MagIndustries Corp. is a Canadian company whose common shares are listed on the TSX Venture Exchange and now trades in Canadian currency under the symbol "MAA". The Company has 128,618,581 shares outstanding on an undiluted basis. 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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