Magnum Energy Inc.

Magnum Energy Inc.

May 21, 2009 15:15 ET

Magnum Energy Inc.: Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) - Magnum Energy Inc. (TSX VENTURE:MEN) announces that it has granted an aggregate of 244,000 stock options to an officer and consultants of the Company, exercisable at a price of $0.18 per share for a period of five years from the date of grant. The options have been granted in accordance with the Company's stock option plan.

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

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