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02
MAY
2011

Director Resignation

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. Magna Resources Ltd. announces that Joel R. McLean resigned from the Board of Directors effective May 2, 2011. Mr. McLean wishes to focus on other business interests. The company would like to thank Mr. McLean for all his contributions and efforts during his term as a director of the company.

The Board of Directors consists of:
Rudy de Jonge – President and Chief Executive Officer
Darryl Yea – Corporate Secretary
John A. Greig
C. Michael O’Brian

On behalf of MAGNA RESOURCES LTD.

Rudy de Jonge

Rudy de Jonge
President

This press release contains forward-looking information regarding management’s anticipated completion of the proposed private placement financing and its anticipated use of the proceeds. The forward-looking information contained in this press release is made based on expectations of management as of the date of this press release and, except as required by applicable law, Magna does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Magna to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. There is no assurance that Magna will be able to raise some or all of the proposed private placement financing.

THE CNSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE.

 

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