Magnus is a mineral exploration company that specializes in identifying, acquiring and developing precious and base metal properties. Magnus' objective is to develop a balanced global portfolio of early-to-advanced stage projects and is currently focused on gold projects in China and Africa. In China, the Company's key mineral project is the Huidong Property, in which the Company holds a 90% interest, which interest will increase when Magnus' Modification Agreement with Team 209 (described under "Property Agreements - Property Agreements in China - Huidong Property") is consummated. In Africa, the Company has a 100% interest in two mineral properties in Uganda, Mubende and Lugazi, and has rights to three other mineral properties in Uganda, Mwerusandu, Mitoma and Mashonga.