Morgain Minerals Inc.

Morgain Minerals Inc.

March 27, 2006 12:17 ET

Morgain Minerals Issues Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 27, 2006) - Morgain Minerals Inc. ("Morgain") (TSX VENTURE:MGM) announces that it has granted stock options to two consultants to purchase up to 200,000 common shares each at an exercise price of $0.40 per share for a five-year period pursuant to Morgain's Stock Option Plan.

This transaction is subject to regulatory acceptance.

About Morgain Minerals Inc.

Morgain Minerals is a resource exploration company with a number of precious and base metal properties in Mexico. Its corporate strategy is to explore and develop properties with known resources that can be further explored to a production status. Visit our website at for the latest corporate information.

The TSX has neither approved nor disapproved of the information contained herein.

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