Magnus International Resources, Inc.
OTC Bulletin Board : MGNU

Magnus International Resources, Inc.

November 19, 2007 16:54 ET

Magnus International Resources Receives OTCBB Ineligibility Notification

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2007) - Magnus International Resources, Inc. ("Magnus" or the "Company") (OTCBB:MGNU) announced today that it has received an OTCBB Ineligibility Notification from the Financial Industry Regulatory Authority ("FINRA") which states that the Company's securities will be removed from quotation on the OTCBB because the Company has been delinquent in its reporting obligations three times in the past 24 months. The Company intends to request a hearing to appeal FINRA's determination and will provide an update once the hearing has taken place and a decision has been rendered. The Company's securities will continue to be quoted on the OTCBB pending the hearing and FINRA's decision.

About Magnus International Resources, Inc.

Magnus International Resources, Inc. (OTCBB:MGNU) ( specializes in identifying, acquiring and developing precious and base metal properties. Magnus' objective is to develop a balanced global portfolio of early-to-advanced stage projects. Through its wholly-owned subsidiary, African Mineral Fields, Magnus has five Ugandan gold projects. The Company has a 100% interest in two of the projects, is earning a 100% interest in two other properties and is earning a 60% interest in a third property. Magnus 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 on EDGAR or refer to Magnus' website at

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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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