Magnus International Resources, Inc.

Magnus International Resources, Inc.

February 28, 2008 01:23 ET

Magnus International Resources Completes the First 2,037m Phase of Drilling at the Lugazi Project in Uganda

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Magnus International Resources, Inc. ("Magnus" or the "Company") (PINK SHEETS:MGNU) is pleased to announce that the first phase of its 5,000 meter RC drilling program is complete. The drill program commenced on the 10 February 2008 at the Company's Lugazi Project located in southern Uganda, and a total of 31 holes for 2,037m were completed along three lines. The maximum depth reached was 81m inclined at 60 degrees, with the average depth being 65m inclined.

This drilling at the Lugazi Project investigated a 300m - 700m wide gold-in-soil anomaly at three places over a distance of at least 3.5km. This anomaly is coincident with a magnetic rich horizon, which was identified following a fixed wing high-resolution airborne geophysical survey, as well as ground magnetic traverses. The composited 3m samples are currently being prepared for submission to an analytical laboratory in Mwanza, Tanzania.

Preparations are also well advanced for the next phase of drilling which will focus on the Company's Mashonga Project in southwestern Uganda, located within the Buhweju goldfields. These goldfields have produced more than 200,000 ounces gold from artisanal alluvial sources at surface since the 1930's. At Mashonga, the program will target an open-slot mine and artisanal workings, where high grade gold, together with high grade platinum and palladium grades, were recorded. Further drilling at Mashonga will also target a 3km by 500m wide gold-in-soil anomaly located approximately 1km east of the mine.

The third phase of drilling at the Mwerusandu project in southwest Uganda will test a high grade trench intersection (20.5m at 3.5 g/t gold) across siliceous outcrop as well as a gold-in-soil anomaly developed southwards along the contact of a granite intrusion and meta-sediments.

Mr. Gavin Conway, Magnus' VP Exploration, commented, "We are pleased to get this first phase of drilling completed successfully at Lugazi. We continue to be excited about the prospects at these key exploration projects, in particular the Mashonga project, where we have some very high grade gold assays from surface and an artisanal mine shaft. The Company is also investigating additional targets on the property which show potential to host similar high grade structures that occur at the mine site. We look forward to receiving results from our drilling campaign and will continue to keep our shareholders informed of the status of drilling as well as the results once we have processed the information."

About Magnus International Resources, Inc.

Magnus International Resources, Inc. (PINK SHEETS:MGNU) ( specializes in identifying, acquiring and developing precious and base metal properties. Magnus' objective is to develop a balanced portfolio of early-to-advanced stage projects. Through its wholly-owned subsidiary, African Mineral Fields, Magnus has rights to five Ugandan gold projects. The Company has a 100% interest in four of the projects and is earning a 60% interest in a fifth property. Magnus also retains a 90% interest in a Sino-foreign joint venture gold exploration project at Huidong in China.

For further information please refer to the Company's filings with the SEC or on SEDAR or refer to Magnus' website at

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FORWARD LOOKING STATEMENTS This news release may include "forward-looking statements" regarding Magnus International Resources, Inc., and its subsidiaries, business and project plans. Such forward looking statements are within the meaning of Section 27A of the Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections. Where Magnus expresses or implies an expectation or belief as to future events or results, such expectation or belief is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to price volatility of gold and other metals; currency fluctuations; political, operational, and governmental approval and regulation risks in China and certain African countries. For a more detailed discussion of such risks and other factors, please see "Risk Factors" in our Form 10K for our most recently completed fiscal year, on file with the SEC at This document also contains information about adjacent properties on which Magnus has no rights to explore or mine. Investors are cautioned that mineral deposits on adjacent properties are not necessarily indicative of mineral deposits on Magnus' properties.

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