Magnum Energy Inc.

Magnum Energy Inc.

May 14, 2009 18:02 ET

Magnum Energy Inc.: Stock Option Re-Pricing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 14, 2009) - Magnum Energy Inc. (TSX VENTURE:MEN) (the "Company") announces that it intends to reduce the exercise price of 2,045,000 incentive stock options (with exercise prices ranging between $0.30 per common share to $0.45 per common share) to an exercise price of $0.18 per share. The re-pricing of the stock options is subject to TSX Venture Exchange acceptance. There has been no change to the expiry dates of the options.

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

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