Magnus International Resources Enters Into Joint Venture Agreement in Uganda

Under the joint venture agreement, Magnus has the rightto earn a 60% interest in the Mashonga Property by makingaggregate cash payments of US$650,000 to its joint venturepartners, making US$4 million in property exploration expendituresand completing a pre-feasibility study on the property byAugust 30, 2012. Magnus' joint venture partners have theright to accept common shares of Magnus in lieu of the cashpayments. Once Magnus has earned its 60% interest in theProperty, the parties will form a new joint venture companyto further explore and develop the Property.

"The Masonga joint venture agreement allows Magnus to expandits interests in Uganda by partnering with experienced EastAfrican explorers," said Graham Taylor, Magnus' Presidentand CEO. "The Mashonga property has synergies with the Mitomaproject and can draw on the technical capabilities of theexploration teams already active in the area."

The Mashonga property is located in the Buhweju region ofsouth-western Uganda and is contiguous with Magnus' Mitomaproperty. The majority of gold produced in Uganda has beenfrom alluvial deposits around the Buhweju plateau, recoveredby artisanal miners. Gold was first reported in this areain 1933.

About Magnus International Resources, Inc.

Magnus International Resources, Inc. (OTC BB: - ) (www.magnusresources.com)specializes in identifying, acquiring and developing preciousand base metal properties. Magnus' objective is to developa balanced global portfolio of early-to-advanced stage projects.Through its wholly-owned subsidiary, African Mineral FieldsInc. (),Magnus has five Ugandan gold projects. The Company has a100% interest in two of the projects, is earning a 100%interest in two other properties and is earning a 60% interestin a fifth property. Magnus retains a 90% interest in aSino-foreign joint venture gold exploration project at Huidongin China.

For further information please refer to the Company's filingswith the SEC on EDGAR or refer to Magnus' website at www.magnusresources.comand African Mineral Fields' website at .

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FORWARD LOOKING STATEMENTS This news release may include"forward-looking statements" regarding Magnus InternationalResources Inc., and its subsidiaries, business and projectplans. Such forward looking statements are within the meaningof Section 27A of the Securities Act of 1933, as amended,and section 21E of the United States Securities and ExchangeAct of 1934, as amended, and are intended to be coveredby the safe harbor created by such sections. Where Magnusexpresses or implies an expectation or belief as to futureevents or results, such expectation or belief is believedto have a reasonable basis. However, forward-looking statementsare subject to risks, uncertainties and other factors, whichcould cause actual results to differ materially from futureresults expressed, projected or implied by such forward-lookingstatements. Such risks include, but are not limited to pricevolatility of gold and other metals; currency fluctuations;political, operational, and governmental approval and regulationrisks in China and certain African countries. For a moredetailed discussion of such risks and other factors, pleasesee "Risk Factors" in our Form 10K for our most recentlycompleted fiscal year, on file with the SEC at .This document also contains information about adjacent propertieson which Magnus has no rights to explore or mine. Investorsare cautioned that mineral deposits on adjacent propertiesare not necessarily indicative of mineral deposits on Magnus'properties.