October 20, 2008

The common shares of Magna Resources Ltd. have been approved for listing on CNQ. Following an Initial Public Offering of 2 million shares at a price of $0.16 per share, there are 10.01 million shares outstanding with a public float of 2.69 million shares. PI Financial Corp. acted as Agent on the Offering.

Magna Resources is a mineral exploration company and currently holds an option to acquire a 100% interest in the Shanty Bay Claims located in the Red Lake Mining Division in Ontario.

Listing and disclosure documents for Magna Resources Ltd. will be available in the CNQ Listings Disclosure Hall

Trading Date: Wednesday, October 22, 2008
Symbol: MNA
CUSIP:559263 10 8
ISIN: CA 559263 10 8 2

Applications are being accepted for Market Makers for "MNA". If you have any questions or require further information please contact Radhika at (416) 572-2000 X 2435 or E-mail: radhika.ramkarran@cnq.ca