MAGNUM ENERGY INC. ("Magnum" or the "Corporation") (TSX VENTURE:MEN) - Magnum is
pleased to announce that it has granted 800,000 stock options to senior
technical consultants and to a director of the Corporation at an exercise price
of $0.10 per share for a period of 5 years from date of grant.


The option grant is subject to the approval of the TSX Venture Exchange.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Magnum Energy Inc.
Richard Nemeth
President & CEO
604.948-2688
rnemeth@magnumenergyinc.com