MAGNUM ENERGY INC. (the "Company") (TSX VENTURE:MEN) announces that further to
its news release of May 28, 2010, the Company has amended the terms of its
private placement. The financing will now consist of up to 3,750,000 Class A
Voting common shares in the capital of the Company (the "Shares") at a price of
$0.40 per Share, for gross proceeds of up to $1,500,000.


All other terms of the private placement remain the same.

ON BEHALF OF THE COMPANY

Richard Nemeth, President