Magnus International Resources, Inc.
OTC Bulletin Board : MGNU

Magnus International Resources, Inc.

March 27, 2006 00:01 ET

Magnus International Resources Expected to File its Quarterly 10Q-SB Filing on Monday 27 March 2006

LAS VEGAS, NEVADA--(CCNMatthews - March 27, 2006) - Magnus International Resources, Inc. ("Magnus") ("the Company") (OTCBB:MGNU) announces that its quarterly financial statements in a Form 10Q filing with the SEC for the quarter ended January 31, 2006, are expected to be filed in the morning of Monday 27 March, 2006.

The 10Q filing was delayed while the Company awaited receipt of information from certain third parties that was necessary for the financial statements to be completed. On March 16, 2006 the Company filed a Form 12b-25 with the SEC to make notification that it would be unable to meet its quarterly filing deadline of March 17, 2006. The Company was then granted a short extension period. Since the 10Q was unable to be filed with the SEC within the extension period, this is expected to result in the automatic and computer-generated addition of an "E" to the Company's trading symbol, "MGNU". In accordance with standard protocol of the reporting systems the stock symbol of the Company will drop the "E" designation shortly after filing of the 10Q, typically one or two trading days and resume to the symbol "MGNU".

To review the quarterly 10Q filing please refer to the SEC website at, click on "Search for Company Filings" which is in the second section of the SEC home page entitled "Files and Forms (Edgar)", then under "General Purpose Searches" click on "Companies and Other Filers", and then enter "Magnus" into the "Company Name" section of the search criteria. The filing is expected to be available in the morning of Monday 27 March, 2006.

Alternatively, after filing, the 10Q will also be made available in the Financial Reports section of the Investor Relations component of the Magnus' website at

Magnus' CEO, Graham Taylor, offered the following update regarding the Company's most current activities, "Magnus' management has recently been focusing on evaluating a number of new mineral projects with strong potential in addition to advancing our Huidong and Mangshi exploration projects. We are excited by the new project development opportunities that we are currently evaluating and we hope to be able to show investors some of the results of these efforts in the near future. On the current exploration front, we are making preparations to commence drilling in the next 60 days at the target areas that have been defined at Huidong and will provide an operational update on the Huidong project within the next week. At Mangshi, we have drilled another 12 holes and are awaiting gold analysis results. We are also focusing significant efforts on building a geological model of our current Mangshi exploration targets."


Magnus International Resources, Inc. is engaged in the acquisition, exploration and development of mineral properties in China. Magnus currently retains a potential 90% interest in two Sino-foreign gold joint venture exploration projects. The Huidong property is northwest of and on trend with Southwestern Resources' Boka gold project. The Mangshi project is located within the 40km Luxi Gold Belt in western Yunnan province.

If you would like to receive regular updates on Magnus please send your email request to


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. For a more detailed discussion of such risks and other factors, please see "Risk Factors" in our Form 10-K 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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