LOS ANGELES, March 24, 2006 (PRIMEZONE) -- Magnum d'Or Resources Inc. (the "Company") (OTCBB:MAGR) announced that it intends to intensify its mining exploration efforts regarding its Khul Morit Project located in Mongolia, particularly in the geographic area of drill hole numbered K0-04. Drill hole K0-04 generated the best assay values for copper in the recent assay report received by the Company from its consulting geologist, Gregory R. Thompson. Additional drill holes will be drilled to better determine the parameters and extent of this area consistent with the recommendation of its geologist. The new drill holes are expected to provide more thorough and detailed information regarding the size and depth of the prospective copper deposits that is necessary for the evaluation and development of the Khul Morit Project.
Upon the completion of the drilling and evaluation of the proposed additional drill holes, if the significance of the new discovery is fully confirmed, the Company intends to seek joint venture partners for the development and mining operations at the Khul Morit Project.
The Company intends to seek equity capital through the sale of its common stock to finance the further exploration and development of the Khul Morit Project and its other projects.
The Company also intends to retain additional consulting geologists, mining engineers and other professionals to drill and further evaluate its mining projects, including the Shandi project.
The extent of the further explorations depends on how much funds the Company can raise in the future.
In addition, the Company is also open to any other alternative that would maximize shareholder value and bring best interest to the Company.
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. 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.