Magnum d'Or Resources, Inc.
OTC Bulletin Board : MAGR

June 22, 2005 15:08 ET

Magnum d'Or Resources, Inc. Update Report

TORONTO--(CCNMatthews - Jun 22, 2005) -

Mr. John K. Yee, Chairman, Magnum d'Or Resources, Inc. (OTCBB:MAGR) is pleased to provide the following update on current activities.

The Company is currently finalizing the compilation of program results including assaying from the work program on the Khul Morit Property in Mongolia completed in late 2004. Concurrently the Company is in negotiations with a major mining company to lead to a joint venture on the Khul Morit for further development in the immediate future.

Mr. Yee commented, "The Company is highly encouraged by the recent interest and potential involvement from a major mining company in the Khul Morit property." The Khul Morit Property represents the potential for a significant new discovery in Mongolia as indicated by preliminary work conducted on the property. The Board of Magnum is of the opinion that a Development Agreement with a major company will expedite and assist the further exploration of the Khul Morit property.

A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

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