EXHIBIT 99.1 ------------ MAGNUS INTERNATIONAL RESEOURCES INC. SIGNS FORMAL COOPERATIVE JOINT ------------------------------------------------------------------- VENTURE CONTRACT WITH GEOLOGICAL TEAM 209 IN CHINA...Exhibit 99 • September 9th, 2004 • Magnus International Resources, Inc. • Metal mining
July 22, 2004 - Magnus International Resources Inc. ("Magnus") (NASD OTC-BB: "MGNU") is pleased to announce that on July 6, 2004, it has signed a formal cooperative joint venture contract with China Yunnan Province Nuclear Industry Brigade 209 ("Team 209") to form a new co-operative joint venture company, Long Teng Mining Ltd., a Chinese corporation, to carry out minerals exploration and development in an 83.29 square kilometre area of Huidong County in Sichuan Province, China. The property is located across the Jinsha Jiang River to the immediate northwest of Southwestern Resources' Boka gold project in Yunnan Province. The operations of the joint venture company will be managed under the control of Magnus. Magnus is to contribute US$5,000,000 as an equity investment into the joint venture company and Team 209 is responsible for transferring certain gold and copper exploration permits on the Property to the joint venture company. Upon the capital contribution by Magnus and the transfe
