Magnum Energy Inc. (TSX VENTURE:MEN) is pleased to announce the conclusion of a
successful 3 well drilling program in the Company's Sedalia properties, with all
wells being cased. The Company is currently reviewing the drilling logs and will
undertake completion operations in the coming weeks.


The Company has also been licensed to re-enter two abandoned wells in the same
area. The Company intends to re-enter these wells and evaluate them in the near
future. Magnum holds a 100% working interest and is the operator of the
properties where this project is being carried out.


In addition, work is progressing to complete testing and obtaining regulatory
approval from the ERCB (Energy Resources Conservation Board) to re-activate the
gathering system. Once this process has been completed the Company intends to
tie-in all completed wells to the gathering system.
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