Magnum Energy Inc.

Magnum Energy Inc.

June 20, 2008 09:30 ET

Magnum Energy Announces New Vice President of Finance & CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 20, 2008) - Magnum Energy Inc. (TSX VENTURE:MEN) is pleased to announce that Shannon Matthyssen has joined the Company as Vice-President Finance and Chief Financial Officer.

Ms. Matthyssen received her C.A. designation in 1985 and brings over 22 years experience in the oil and gas industry of which 16 years have been with public companies. Most recently, Ms. Matthyssen served as Vice-President Finance & CFO of Meridien Energy Corporation until 2005 and over the past three years has served as a consultant for several private oil and gas companies.

Magnum Energy welcomes Shannon Matthyssen and wishes to thank Allan Thompson, who served as interim CFO, for all of his assistance throughout the change of officers.

The TSX Venture Exchange has neither approved or disapproved the contents of this press release.

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