Magnum Uranium Acquires Significant San Raphael Data Package

Magnum Uranium Corp. ("Magnum" or the "Company") (TSX VENTURE:MM) is pleased to
announce the acquisition of a data package containing extensive information on
past exploration results pertaining to the Company's San Raphael Project located
in Emery County, Utah. The data package will allow Magnum to significantly
expedite the development of this project. Consideration to the non-arm's length
vendor comprises a cash payment of $50,000 and the issuance of 300,000 common
shares in quarterly increments of 75,000 shares each. A net smelter royalty
ranging from 0.5% to 2.0% has also been granted to the vendor on Magnum's
joint-venture interest in the project. The transaction is subject to approval by
the TSX Venture Exchange.


Magnum is a Vancouver-based minerals exploration company focused on the
acquisition and development of uranium assets in North America. Currently,
Magnum's primary property holdings are located in the Western United States,
specifically Wyoming, Utah, Idaho, and New Mexico, and in Canada's Athabasca
Basin.


ON BEHALF OF THE BOARD

Craig T. Lindsay, President & CEO