Magnum Energy Retains Coal Harbor Communications

Magnum Energy Inc. (TSX VENTURE:MEN) announces that, subject to regulatory
approval, it has retained the services of Coal Harbor Communications Inc. to
provide investor relations services for Magnum Energy.


The principal of Coal Harbor is Mr. Dale Paruk, an experienced investor and
public relations professional. Coal Harbor will distribute news and information
on Magnum Energy and provide consistent and timely contact with the Company's
shareholders, other investors and industry professionals on behalf of the
Company.


Coal Harbor maintains its offices in Vancouver, British Columbia and works
closely with financial analysts, advisors and investors in Canada and the United
States.


Coal Harbor will receive a fee of $6,500 per month plus the grant of 200,000
stock options. The term of the contract is one year subject to earlier
termination on 3 months notice by either party. Coal Harbor Communications Inc.
and Dale Paruk are at arm's-length to Magnum Energy and do not own any
securities in Magnum Energy.