Welcome To the Magma Metals Limited HUB On AGORACOM

Exploration, discovery and development of precious and base metals mineral deposits in Australia and Canada (V.MMW)

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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.

Have a great Sunday, especially those of you like me that are celebrating Orthodox Easter ... As well as those of you who are also like me and mourning another Maple Leafs Game 7 exit ... Ugggh!

Sincerely,

George et al

Message: Magma Metals Ltd.-Update on Unsolicited Proposed Takeover Offer
Magma Metals Ltd.-Update on Unsolicited Proposed Takeover Offer by Panoramic Resources-Appointment of Advisers
http://at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid=0764232001&sourceType=1http://media3.marketwire.com/docs/magma_metals_logo_200.jpg

PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 02/07/12 -- Magma Metals Limited (TSX:MMW)(ASX:MMW) ("Magma" or the "Company") has today confirmed the appointment of advisers in respect of the unsolicited proposed takeover offer for Magma by Panoramic Resources Limited (the "Offer").

Leading independent Australian adviser Gresham Advisory Partners has been appointed Corporate Adviser in relation to the Offer, with Jackson McDonald as Australian Legal Adviser and Cassels Brock & Blackwell as Canadian Legal Adviser.

The Board of Magma has convened a Bid Response Team to assist with the Company's assessment of and response to the Offer.

At this point, the Directors reiterate their previous advice that, subject to their own financial advice and circumstances, shareholders take no action in relation to the Offer and await the further advice of the Board.

ABN 72 114 581 047

Contacts:
Magma Metals Limited
Keith Watkins
Managing Director & CEO
+61 (0)8 9287 7300 (Perth)
[email protected]

Magma Metals Limited
Greg Taylor
Investor Relations
+1-905-337-7673 (Toronto) or Mob: +1-416-605-5120
[email protected]
www.magmametals.com.au

Gresham Advisory Partners
Justin Mannolini / Julian Mills
+61 (0)8 9486 7077 (Perth)

Source: Marketwire (February 7, 2012 - 8:44 AM EST)

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