🕐20.09.11 - 14:54 Uhr

MAGELLAN DRILLS 27M @ 6.94 G/T GOLD 600M SOUTH EAST OF CENTRAL AT CUIU CUIU PROJECT, BRAZIL



======================================================================= News Release - September 20, 2011 Magellan Drills 27m @ 6.94 g/t Gold 600m South East of Central at Cuiu Cuiu Project, Brazil ======================================================================= Vancouver, BC, September 20th, 2011 � Magellan Minerals Ltd.

(TSX-V: MNM) (�Magellan�) is pleased to announce the results of seven additional step-out and exploration holes at the Cuiu Cuiu project including 27m @ 6.94 g/t gold located 600m South East of the Central zone.

Highlights include:- 27m @ 6.94 g/t gold in hole 138 located 600m south east of the Central zone and 400m SE of hole 121 (7.8m @ 8.44g/t gold), which represents another new zone of gold mineralization and has been named Central South East 25m @ 0.49 g/t gold in hole 137 at Jerimum Baixo which is located between Central and Moreira Gomes.

Gold mineralization at Jerimum Baixo has now been traced consistently over an area of 350 x 35m and remains open in several directions 19m @ 0.48 g/t gold in hole 140 located close to the western margin of the Moreira Gomes zone To read the complete news release, please see our web site at http://magellanminerals.com/news/news_releases/index.php?&content_id=160
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