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

[jmhollen]

Magnum Proceeds with Financing for Mongolian Properties and Acquisitions

TORONTO, Dec 15, 2003 (BUSINESS WIRE) -- Mr. Reno CALABRIGO, President -Magnum d'Or Resources Inc. (OTCBB:MAGR), a junior resource exploration Company, is pleased to announce that private financing of up to 1 million dollars US has been arranged. The pricing of the financing is $0.25 per share with a one half warrant attached at $0.30 per share for a period of one year. The bulk of the proceeds of this funding will be used for exploration on our existing properties including drilling. Some funds may be used for fortuitous acquisition of other properties that may become available as well as investor relations. "This financing should be considered as a partial funding of our ambitious plans for exploration in Mongolia," said Mr. Calabrigo, "and management is actively working on increasing our financial flexibility with other funding arrangements."

Mr. Calabrigo also wishes to announce that the private placement of 1 million shares announced in a news release on October 2, 2003 has been completed.

The Company is also pleased to announce that it is in negotiations with an undisclosed party for the acquisition of another prospective mining property.

Website: http://www.magnumexploration.com/

SOURCE: Magnum d'Or Resources Inc.

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