Magnum d'Or Resources, Inc. (fka MDOR)

[jmhollen]

Magnum Sampling Results Confirm Multiple Mineral Zones, Drill Targets Identified

TORONTO, Dec 2, 2003 (BUSINESS WIRE) -- Website: http://www.magnumexploration.com/

Mr. John YEE, Chairman -Magnum d'Or Resources Inc. (OTCBB:MAGR) a junior resource exploration Company is pleased to announce that significant surface sampling results have been received from Rio Minerals Inc. (the Contractor) on the recent geological and geophysical work program carried out in Mongolia. Results and location maps will be posted on the website for detailed viewing. There are now four areas of significant interest in the two mineral licenses held under option by the Company.

Magnetite Hill ...(Nickel-Cobalt-Chromium) Zone is located in the northeast corner of License No.4767, and has returned sampling results of significant interest for nickel, cobalt, chromium, and the platinum group metals. Seven samples ranged from 0.05 % to 0.133 % and 0.163 % nickel. All samples were anomalous in platinum and palladium. The best values to date were 19 ppb in platinum and 15 ppb in palladium. A large magnetic anomaly that extends ESE for 10 kilometers was previously reported for Magnetite Hill. An IP survey was also carried out and results are pending. Geologists are evaluating a deposit model for Magnetite Hill.

The New Copper Zone ... was discovered late in October by Mr. G. Ganzorig, a Mongolian geologist in the employ of Rio Minerals on behalf of Magnum. Two outcrops 100 meters apart were found located approximately 3.5 kilometers southwest of Magnetite Hill. Four surface samples were taken here and the best copper assay obtained to date by all of the work was 0.429 % Cu in this zone of sparse outcrop. The precious metal content is gold -14 ppb, platinum - 2 ppb, and palladium - 8 ppb. The area surrounding the copper showings show conspicuous localized (epidote (+ potassic) alteration suggesting an underlying hydrothermal mineralized system. An IP survey was also conducted over this area. Results will be released when available.

The Copper /Gold Zone ... was the location of the best result from the May work program - 0.14 % Cu and 213 ppb in gold. This zone is a separate occurrence from the above zones, and is located in License No.4768, and is approximately 15 kilometers northwest of Magnetite Hill. Ten samples were taken in this area October/November. Once again the best gold result was obtained here - 118 ppb. Sample #95475 returned 6 ppb platinum and 9 ppb palladium respectively.

New Area of Interest ... Three samples were taken here in an area located approximately 3 kilometers southwest of the copper /gold zone. These were anomalously higher in iron than any of the other zones - 11.5 % Fe to 19.4 % Fe. The arsenic results were also highly anomalous - 0.17 % As to 0.29 % As. This is an interesting new area, which also shows the highest values in tungsten - 7 ppm and 4 ppm. The precious metals, gold, platinum, and palladium also reported well (8 ppb Pd in Sample # 95467). The second, third, and fourth highest molybdenum values of the 27 samples taken in this latest work program were found here - 10, 8, and 7 ppm. The best zinc values were also found here with a high of 96 ppm. The diversity of the metallic elements found here justifies a more thorough evaluation.

Regional Sampling ... Three regional samples were taken in the normal course of geological prospecting. Sample #95462 was the best of the three and was anomalous for molybdenum - 24 ppm, manganese - 1 %, high cobalt - 817 ppm, and the second highest platinum value of 17 ppb. The area-surrounding Sample #95462 will be examined more closely in the next phase of the work program.

Discussion of Sampling Program ...This phase of the program consisted of rock geochemistry with the samples being analyzed for 32 different elements. Eight samples are currently undergoing petrographic studies, and 9 samples are being re-run for rare earth elements (REE). Considering the size of the mining licenses (175,000 hectares), the short time spent in the field (3 weeks), and the scarcity of rock outcrops, the results from the 27 samples taken to date are considered by management to be highly encouraging. Along with the results from the geophysical surveys that were also carried out they will assist in the specific location of future diamond drill holes.

Mr. Reno CALABRIGO - President, stated, "It is very unusual to identify four separate mineral occurrences with excellent exploration upside so quickly, and with a very small capital outlay."

Mr. Ken SANDERS - P. Eng., Senior Geologist and Board Member is also pleased with the exploration results to date. Mr. Sanders stated, "That mineral exploration projects move progressively forward in stages verified by a steady flow of favorable results from the field. The next stage will include diamond drilling."

A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

SOURCE: Magnum d'Or Resources Inc.

Magnum d'Or Resources Inc.
Reno J. Calabrigo, 416-386-0044
www.magnumexploration.com
Email: [e-mail]