Magna Mining Inc.

12:22 PM EST - Magna Mining Inc. : Has increased the size of its previously announced non-brokered private placement to an aggregate of up to 8,444,500 flow-through common shares (up from 6,666,667 FT Shares) at a price of $0.45 per FT Share, for aggregate gross proceeds of up to $3,800,025). The FT Shares will be offered by way of a best efforts non-brokered private placement to "accredited investors" resident in the provinces of Canada. Magna Mining Inc. shares V.NICU are trading unchanged at $0.37.

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