Magnum Mining and Exploration Limited announced that Mr. Dano Chan has agreed to join the board of Directors of Magnum. Mr. Chan has 27 years of experience within the iron ore and steel sector. He has held senior positions with Iscor/Kumba Resources SA, Glencore AG and Noble Resources Limited. He is currently a Director of JianBang Steel Hong Kong Ltd. Mr. John Dinan has also agreed to join the Magnum board of directors. Mr. Dinan is an experienced Company Secretary and Chief Financial Officer. He has over 35 years' experience in senior operational roles and is currently CFO for Global Speech Networks where he successfully expanded that company's business into the US market. Mr. Dinan has a high level of expertise in finance and risk management and the integration of businesses and resides in Melbourne. Contemporaneous with the appointment of Messer's Chan and Dinan to the board of Magnum immediately following this announcement, Howard Dawson has retired as Chairman and a Director of the Company. At the same time Mr. Grant Button has retired as Company Secretary and Mr. Dinan has assumed that role. Current director, Mr. Don Carroll has been appointed as Chairman of the Company.