Magma Energy Corp. - News Releases

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	July 28, 2010 Magma Energy Comments on Recent Announcement by the Icelandic Government Vancouver, B.C., Canada, July 28, 2010 - Magma Energy Corp. (TSX: MXY) is responding to comments that have been made by the government of Iceland at a recent press conference. Magma understands that the government has announced its intention to establish a committee respecting foreign investment into Icelandic energy companies. The government has also advised HS Orka that it has not made a decision on Magma's purchase of further shares in HS Orka. The transaction to acquire Geysir Gr... (2 KB)
	July 27, 2010 Magma Energy Announces Closing of Public Offering of Common Shares and Exercise of Over-Allotment Option Vancouver, B.C., Canada, July 27, 2010 - Magma Energy Corp. (TSX: MXY) (the "Company") has closed its previously announced public offering of common shares (the "Offering"). Pursuant to the Offering, the Company today issued 40,334,628 common shares at a price of $1.12 per common share, including 4,620,342 common shares issued upon partial exercise of the underwriters' over-allotment option, for aggregate gross proceeds of $45,174,783 and total proceeds, net of underwriting fees, of $43,... (4 KB)
	July 21, 2010 Magma Energy Files Final Prospectus For Offering (All amounts in Canadian dollars. Not for distribution to United States news wire services or dissemination in the United States.) Vancouver, B.C., Canada, July 21, 2010 -- Magma Energy Corp. (TSX: MXY) announced today that in connection with its previously announced offering, it has filed a final prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec with respect to t... (4 KB)
	July 14, 2010 Magma Energy Enters Into Underwriting Agreement and Files Amended Preliminary Prospectus (All amounts in Canadian dollars. Not for distribution to United States news wire services or dissemination in the United States.) Vancouver, B.C., Canada, July 14, 2010 -- Magma Energy Corp. (TSX: MXY) announced today that in connection with its previously announced public offering, it has entered into an underwriting agreement and has filed an amended and restated preliminary prospectus with the securities regulatory a... (4 KB)
	July 12, 2010 Magma Energy Corp. Announces Prospectus Offering (All amounts in CDN dollars. Not for distribution to UNITED STATES news wire services or dissemination in the United States.) Vancouver, B.C., Canada, July 12, 2010 - Magma Energy Corp. ("Magma" or the "Company") (TSX: MXY) is pleased to announce that it has filed a preliminary short-form prospectus in connection with a proposed marketed offering ("Offering") of approximately $40 million of common shares ("Shares") at a... (5 KB)
	July 09, 2010 Magma Energy Announces Credit Agreement (All amounts in CDN dollars and all MW according to the Geothermal Reporting Code) Vancouver, B.C., Canada, July 9, 2010 - Magma Energy Corp. (TSX: MXY) announces that on July 5, 2010, the Company entered into a credit agreement (the "Credit Agreement") with Mr. Ross Beaty, the Company's Chairman and Chief Executive Officer, pursuant to which the Company is able to borrow up to $10,000,000 to pay amounts coming due by the... (6 KB)
	June 29, 2010 Magma Energy Announces Turbine Arrival for Next 50 MW Expansion in Iceland and Provides a Drilling Update (All amounts in US dollars and all MW according to the Geothermal Reporting Code) Vancouver, B.C., Canada, June 29, 2010 - Magma Energy Corp. (TSX: MXY) is pleased to provide an update at its 46.18% owned HS Orka's operations in Iceland. Magma expects to increase its stake in HS Orka to 98.53% by the end of July. HS Orka recently took possession of a 50 MW Fuji Electric turbine generator for its Reykjanes pow... (7 KB)
	June 21, 2010 Magma Energy Announces Senior Management Changes Vancouver, B.C., Canada, June 21, 2010 - Magma Energy Corp. (TSX: MXY) announces the following senior management changes: At our company's head office in Vancouver, Ms. Sandra Lim will retire as Chief Financial Officer on June 30. Sandra was instrumental in Magma's early development. We extend to Sandra our greatest appreciation for her outstanding contribution to Magma Energy and offer our best wishes for her retirement. Ms. Annette Cusworth has been appointed to repl... (3 KB)
	June 16, 2010 Magma Energy Update on Chilean and Peruvian Exploration (All amounts in US dollars and all MW according to the Geothermal Reporting Code) Vancouver, B.C., Canada, June 16, 2010 -- Magma Energy Corp. (TSX: MXY) is pleased to provide an exploration update on our properties in Chile and Peru. In Chile, Magma has an exploitation permit enabling development of a 50 MW geothermal operation on the 4,000 hectare Laguna de Maule (Maule) property. Maule adjoins the 100,000 hectare Pe... (6 KB)
	June 14, 2010 Magma Energy Update On Nevada Operations Vancouver, B.C., Canada, June 14, 2010 - Magma Energy Corp. (TSX: MXY) is pleased to provide an update on its activities at three of its Nevada projects. At the Soda Lake operation, the Phase 1 Expansion program is on-going with further field optimization activities and new drilling planned to increase the plant output to its nameplate capacity of 23 MW from its current 13.5 MW. C... (7 KB)

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