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Dear Agoracom Family,

I want to thank all of you for your patience with us over the past 48 hours and apologize for what was admittedly a botched launch of our new site.

As you can see, we have reverted back to the previous version of the site while we address multiple forum functionality flaws that inexplicably made their way into the launch.

To this end:

1.We have identified 8 fundamental but easily fixable flaws that will be corrected in the coming week, so that you can continue to use the forums exactly as you've been accustomed to.

2.Additionally we will also be implementing a couple of design improvements to "tighten up" the look and feel of the forums.

Sincerely,

George et al

Message: NR more expansion...Nicaragu...

NR more expansion...Nicaragu...

posted on Oct 30, 2009 11:54PM
October 27, 2009
Magma Wins Two Concessions In Nicaragua
Vancouver, B.C., Canada, October 27, 2009 -- Magma Energy Corp. (TSX:MXY) is pleased to announce that Magma Energy Corp. and Ram Power Corp.'s wholly owned subsidiary, Polaris Geothermal Inc. ("PGI"), have jointly won an international bid for two geothermal concessions known as "Volcán Mombacho" and "Caldera de Apoyo" in Nicaragua. Future exploration of the concessions will be made pursuant to a joint venture agreement, where PGI will be the operator, with each company contributing equally to project costs.

The Caldera de Apoyo concession is 10 km south of Masaya and 10 km west of the colonial town of Granada. The Volcán Mombacho concession is located 10 km south of Granada. The total area for these exploration concessions is 100 km2 per concession. The requirements of the concession are approximately US $50 million to be spent by the joint venture to define the potential of these resources. Exploration is programmed to start on both concessions during the first quarter of 2010 for completion within 27 months. Preliminary studies indicate reservoir temperatures reaching above 220°C.

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