Magma Metals Limited
TSX : MMW
ASX : MMW

Magma Metals Limited

November 26, 2010 09:20 ET

Magma Appoints Canadian Non-Executive Director

PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 26, 2010) - Magma Metals Limited (TSX:MMW)(ASX:MMW) ("Magma" or the "Company") is pleased to announce that it has appointed Mr David Constable as a Non-Executive Director of the Company effective December 1, 2010.

Mr Constable is a geologist with a BSc (Hons) in Geology & Mathematics from Mount Allison University, New Brunswick and an MBA (Hons) from Laurentian University, Ontario. He has over 40 year's professional experience in the mining and exploration sector in North America and internationally, specifically in mineral exploration, investor relations and corporate development.

Recent positions include Vice President Investor Relations for FNX Mining Company Inc. (now QuadraFNX Mining Limited) from 2002 to 2010 and Vice President Investor Relations for Normandy Mining Limited from 1996 to 2002. Mr Constable is an experienced director of public resource companies and is a past director of both Moly Mines Limited (ASX & TSX) and Aquiline Resources Inc. (TSX). He has an ICD.D designation from the Canadian Institute of Corporate Directors.

Mr Constable is currently a director of U3O8 Corp. (TSX VENTURE:UWE), Woulfe Mining Corp. (TSX VENTURE:WOF), Rockcliff Resources Inc. (TSX VENTURE:RCR) and Acme Resources Corp. (TSX VENTURE:ACY.P). He is Board Chairman of both U3O8 Corp. and Rockcliff Resources Inc.

Mr Constable is based in Burlington, Ontario.

"This appointment further strengthens Magma's Board and David's experience and expertise in the North American markets will be particularly important as we advance our Thunder Bay North project in Ontario and consider the next stage of the Company's development" said Keith Watkins, Magma's Executive Chairman.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain information contained in this report constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" , "is expected", "estimates", "intends", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Although management believes that the expectations expressed in such forward-looking information disclosed herein are based on reasonable assumptions, these statements are not guarantees of future performance. A number of factors could cause actual results, performance or achievements to differ materially from those in the forward-looking information. Such factors include future metal prices, exploration and evaluation results, future availability of capital and general economic, market or business conditions, government regulation of mining operations, failure of equipment or processes to operate as anticipated, risks inherent in mineral exploration and development including unusual or unexpected geological formations. Descriptions of these risks can be found in the Company's various statutory reports, including its Annual Information Form available on its website at www.magmametals.com.au and on the SEDAR website (sedar.com).

ABN 72 114 581 047

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