Magnus International Resources, Inc. Updates on its Huidong Property

• Published in: Business Wire p. 1
• Format: Newsletter
• Language: English
• Published: New York Business Wire 02.06.2005
• Subjects: Copper; Geochemistry; Gold; Joint ventures; Licenses; Mineralization; Trends; Websites; LAS VEGAS

[Magnus], in conjunction with Joint Venture partner Team 209, has launched a comprehensive exploration program at Huidong. The program is modeled after the Team 209 success at the nearby Boka gold project. The goal of the exploration program is to define the extent of gold anomalies in the Huidong area through soil and rock sampling, trenching, tunneling and geological mapping. A report on the exploration soil geochemistry at the Huidong concession completed in April identified several areas of elevated Gold in soil and pointed out that these areas are coincident with elevated Copper in soil. Based on the results from the regional soil geochemistry program which commenced in November 2004, priority target areas were identified for follow-up exploration, and laboratory analysis of previously collected "high density" soils collected at 250 meter x 50 meter sample spacing has been underway. From this analysis, prioritized target areas have been identified. FORWARD LOOKING STATEMENTS 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. For a more detailed discussion of such risks and other factors, please see "Risk Factors" in our Form 10-K for our most recently completed fiscal year, on file with the SEC at http://www.sec.gov. 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.