Exhibit 99.1
------------
Magnus International Resources Inc. Joint Venture Company Acquires
------------------------------------------------------------------
Mining License for Xintaizi Gold Mine
-------------------------------------
10 December 0000 - Xxxxxxxxx, Xxxxxxx Xxxxxxxx - Magnus International Resources
Inc. ("Magnus") (NASD OTC-BB: "MGNU") announces that its joint venture company,
Long Teng Mining Ltd. ("Long Teng"), has purchased a mining license for the
"Xintaizi Gold Mining Area" in Sichuan Province, China. Long Teng was formed
under a cooperative joint venture contract with China Yunnan Province Nuclear
Industry Brigade 209 ("Team 209") to carry out mineral exploration and
development in both Yunnan and Sichuan Provinces, China. Under the joint venture
agreement that formed Long Teng, Magnus retains a 90% interest in the joint
venture company.
Under the Xintaizi gold mining license purchase agreement, Long Teng is to pay
Kangding Kangma Mining Ltd., Co., of Sichuan Province, 2,100,000 RMB
(approximately $253,725 US dollars) for transfer of the license to Long Teng.
The approximately 0 xxxxxx xxxxxxxxx xxxx covered by the mining license shares
many of the same geological characteristics as the Boka gold discovery made by
Southwestern Resources. The Boka deposit is in the middle of the same geological
axis where Long Teng's new property is located.
Magnus International Resources, Inc. is engaged in the acquisition, exploration
and development of mineral properties, focusing primarily on gold and copper
properties in China.
THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING XX
XXXXXXX 00X XX XXX XXXXXX XXXXXX SECURITIES ACT OF 1933, AS AMENDED, AND XXXXXXX
00X XX XXX XXXXXX XXXXXX SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH
RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT
INTERESTS MAGNUS' ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT
OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE
MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING
STATEMENTS CONTAINED HEREIN.
----------------
Contact:
Magnus International Resources Inc.
Investor Relations
(000) 000-0000 or (000) 000-0000
