Company Information for MagIndustries Corp.

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Company Statement

MagIndustries has been created to develop the Company's extensive mineral and energy and forestry resources and take advantage of managements regionally extensive business relationships.

MagIndustries will maximize shareholder value and spread shareholder risk through commodity diversification and the development of long term assets in key African countries.

MagIndustries is implementing independent stand-alone energy and resource projects, that when combined and integrated, will create a strong agile company which can continue to grow from its operating experience in Central Africa to create long term value and profits for its shareholders.

Current Operations

MagForestry operates an existing 68,000 hectare eucalyptus forestry plantation currently selling pulpwood logs to the European market. The Company considers that it is in the start-up phase of its operation of the forestry business, which it has controlled since October 2005. Significant efforts have been made to upgrade equipment and facilities, to learn the dynamics of operating in the Republic of Congo, train its workforce and increase forest harvesting volumes to the targeted amount of 500,000 tonnes per year.

As such the sales and gross profits have been unpredictable. The Company has also commenced the construction of a 500,000 tonne per year wood chip plant at the port of Pointe-Noire in the ROC. The Company plans to achieve its targeted forest harvesting volume by the fourth quarter of 2007, prior to the commencement of the chip mill operation. The majority of the forestry plantation overlies MagIndustries Makola mineral license including the area chosen for the site of the Mengo brine mining field and the planned location of MagMinerals’ potash plant and MagMetals’ proposed magnesium plant. The impact on the forestry operation of the construction and operation of these plants is expected to be minimal.

MagEnergy is the leading participant in the refurbishment (Phase I) and rehabilitation (Phase 2) of the generating capacity at the 1440MW INGA II hydroelectric station on the Congo River in the DRC. The Industrial Development Corporation of South Africa holds a 30% interest in Phase I and a 15% interest in Phase 2. MagEnergy is also evaluating the development of the 300MW BUSANGA hydroelectric site in the KATANGA region of the DRC and the 100MW Zongo 2 site.

MagMinerals is completing a bankable feasibility study for the development of a 600,000 tonne per year potash (fertilizer) plant and solution mining field near Pointe-Noire, ROC.

MagMetals is planning the development of a 72,000tpy magnesium smelter adjacent to MagMinerals' potash plant for the production of magnesium alloys for the global automotive industry. The raw materials for the MagMinerals and MagMetals plants will be sourced by solution mining MagIndustries’ 100% owned carnallite (magnesium and potash salt) deposits which underlie the Makola Mineral License near Pointe-Noire.

Geographical Spread

DRC

Board of Directors and Key Management

Bryan M. Benitz	Chairman, Director
William B. Burton	President & CEO, Director
Sally M. Burton	Corporate Secretary
J. Errol Farr	Chief Financial Officer
Gary German	Director
Gerard Munera	Director
Moustapha Niasse	Director
Richard J. Linnell	Director
Stéphane Rigny	Executive Vice-President Finance Director
Victor Wells	Director

Company Address 8th Floor, 372 Bay Street Toronto, Ontario, Canada M5H 2W9 Telephone: +1 416 368 7911 Facsimile: +1 416 368 5048 Email: rmorrow[at]magindustries.com Website: http://www.magindustries.com

Capital Shares Issued and Outstanding - 194,209,016 Fully Diluted - 214,511,891

Year End 31 March

Most Recent Statement

15/07/08 - MagPotash Announces Closing of Previously Announced Strategic Investment
30/06/08 - MAGPOTASH ANNOUNCES POTASH MARKETING AGREEMENT
14/05/08 - MagIndustries Announces Appointment of W. Verbrugghe as CEO of MagMinerals Potash
29/04/08 - MagMinerals Potash, a Subsidiary of MagIndustries, Closes Second Tranche of $100 Million Capital Raise
14/12/07 - MagForestry Signs Major Wood-Chip Sales Agreement