TSXgroup

February 19, 2008

MAGELLAN MINERALS LTD. ("MNM")
BULLETIN TYPE: New Listing-Shares
BULLETIN DATE: February 19, 2008
TSX Venture Tier 2 Company

The Company's Initial Public Offering ('IPO') Prospectus dated January 21, 2008 has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the British Columbia Securities Commission on January 22, 2008, pursuant to the provisions of the Securities Act.

The gross proceeds received by the Company for the Offering were $11,000,000 (11,000,000 units at $1.00 per unit). The Company is classified as a 'junior natural resource - mining' company.

Commence Date: At the opening February 20, 2008, the Common shares will commence trading on TSX Venture Exchange.

Corporate Jurisdiction: British Columbia

Capitalization: unlimited common shares with no par value of which 30,820,000 common shares are issued and outstanding.
Escrowed Shares: 7,800,000 common shares

Transfer Agent: Olympia Trust Company
Trading Symbol: MNM
CUSIP Number: 55908M 10 8

Agent: Blackmont Capital Inc. and Salman Partners Inc.

Agent's Warrants: 637,500 non-transferable share purchase warrants. One warrant to purchase one share at $1.00 per share up to 18 months.

For further information, please refer to the Company's Prospectus dated January 21, 2008.

Company Contact: Alan Carter
Company Address: 410 - 744 West Hastings Street, Vancouver BC V6C 1A5

Company Phone Number: (604) 676-5663
Company Fax Number: (604) 607-5664
Company Email Address: alan@magellanminerals.com