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Further to the announcement made on 4 April 2008, the Directors of Magnus Energy Group Ltd. (Magnus) wish to announce that its wholly-owned subsidiary, Apac Coal Limited (APAC) was listed on the Official List of Australian Stock Exchange Limited (ASX) on 10 July 2008.

The Board of Directors of Magnus Energy Group Ltd. (Magnus) is pleased to announce that Magnus has on 6 August 2008 acquired 2 ordinary shares of RM$1.00 each, comprising the entire share capital of MEG Management Sdn. Bhd. (Meg) from 2 individuals for a total consideration of RM$2.00 (the Acquisition).

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A cornerstone of Magnus business philosophy is to adopt a flexible and open-minded approach towards new businesses and opportunities.

In line with this thinking, Magnus is embarking on another energy resource business, which is the coal mine development via our recently Australian listed subsidiary, APAC Coal Limited.
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In June 2006, Magnus Group acquired 68.4% beneficial interest in PT Batubara Selaras Sapta (PT Batubara) which has executed in 1997 a Work Agreement for Coal Mining Enterprises with the Indonesian government to conduct coal mining operations in the Kuaro coal formation located in the Districts of Batusopang, Pasir Balengkong and Tanah Grogot, Pasir Regency, East Kalimantan province.