Magellan Minerals Ltd.

Magellan Minerals Ltd.

September 12, 2011 06:00 ET

Richard Zimmer Joins Magellan's Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 12, 2011) - Magellan Minerals Ltd. (TSX VENTURE:MNM) ("Magellan") is pleased to announce the appointment of Richard Zimmer to its Board of Directors effective September 12th 2011.

Mr. Zimmer holds an MBA, a Bachelor of Engineering and is a registered professional engineer. He has held executive roles in various precious and base metals companies where he was responsible for the mine development cycle from pre-feasibility through development, construction and into operations. From 1992-1998, Mr. Zimmer was employed by Teck Resources holding positions as senior mine engineer, mine manager of Afton Mines, general manager of Mount Edon Gold Mines (Australia) and project manager of POGO project (Alaska). His most recent role (2008-2011) was President & CEO of Far West Mining Ltd., where he led the Santo Domingo project into PEA, subsequent project definition and into pre-feasibility which resulted in the acquisition of Far West Mining Ltd. by Capstone Mining and KORES for C$750 million dollars.

Alan Carter, President & CEO commented, "We are delighted to welcome Rick Zimmer to our Board of Directors. Rick brings valuable mine development, operational, M&A and board room expertise which will greatly assist Magellan as we advance our Cuiu Cuiu, Coringa and Mato Grosso projects."

Magellan Minerals Ltd. (TSX VENTURE:MNM) is a TSX Venture Exchange listed exploration company with a number of gold exploration properties in the Tapajos region of northern Brazil and is focused on the Cuiu Cuiu and Coringa projects where drilling is currently in progress.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

News Release #2011-21

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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