Magnus International Resources, Inc.
PINK SHEETS : MGNU

Magnus International Resources, Inc.

July 16, 2008 00:01 ET

Magnus International Resources Has Commenced a 2,500 Meter Drilling Program at the Mashonga Project and Reports Historical Exploration Results Including Grab Samples as High as 874 g/t Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2008) - Magnus International Resources, Inc. ("Magnus" or the "Company") (PINK SHEETS:MGNU) is pleased to announce that a 2,500 meter RC drilling program in Uganda commenced this week at its flagship Mashonga property.

The Mashonga Project is located in the Buhweju goldfields of southwestern Uganda. The drill program will target the Mashonga open-slot mine and artisanal workings, where high-grade gold, together with high grade platinum, palladium and silver grades, were recorded from a shear zone. Further drilling at Mashonga will also target a highly promising 3km by 500m wide gold-in-soil anomaly located approximately 1km east of the mine.

Magnus also reports that historical exploration activities from the late 1990's by a Canadian exploration company, Uganda Gold Mines Ltd. (now named Canaf (TSX VENTURE:CAF)), include high grade sample results from underground sampling of a shear zone at the Mashonga mine, with 874 g/t gold and 309 g/t silver from a grab sample of a lens a few feet wide. These results are documented in a report by Livgard Consultants in August 1999 written on behalf of Uganda Gold Mines. Another grab sample of the footwall to the shear zone returned 276 g/t gold and 9.7 g/t silver. Uganda Gold also sampled a series of trenches located 1.5km east of the Mashonga mine area. These trenches covered a strike length of 350m and report gold intersections which include 4.6m at 24.7 g/t and 2.4m at 59.6 g/t. In addition, a rock grab sample from one trench reported 228 g/t gold. A further target was identified about 1km southeast of the mine. A single rock grab sample returned 183 g/t gold and 200 g/t silver. These results as documented by Livgard Consultants have not been verified by Magnus and as such should only be considered as historical information.

As part of Magnus' due diligence evaluation of the property in 2006 and 2007, rock grab samples were collected from the mine dump at the open-cut slot mine. Of the eight mafic schist samples collected from the surface mine dump, four returned very high grade gold and PGE assay results, which include 58.8 g/t gold, 4.15 g/t platinum and 3.68 g/t palladium.

Mr. Gavin Conway, Magnus' VP Exploration, commented, "We are pleased to get this phase of our RC drilling program underway at Mashonga. We continue to be excited about the prospects at this key exploration project, where we have some very high precious metal assays from surface and from a shear zone sampled in an underground adit. We look forward to 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) (www.magnusresources.com) 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 ten Ugandan gold projects. The Company has a 100% interest in eight of the projects, is earning a 60% interest in the Mashonga project and has the right to earn an 80% interest in the Ibanda property. Subject to the consummation of the agreement described in the news release on June 4th, 2008, 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 www.magnusresources.com.

If you would like to receive regular updates on Magnus please send your email request to info@magnusresources.com.

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 www.sec.gov. 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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