MGV.H Magnate Ventures I Com Npv

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Magnate Ventures Inc. ("Magnate") (NEX BOARD:MGV.H) wishes to announce that,
although Management continues to search out new opportunities for the Company,
it has not entered into any agreement at this time and it is unaware of the
reason for the recent shift in the trading pattern of its shares and the
increase in its share price.


MAGNATE VENTURES INC

Kathy Chan, Corporate Secretary

Magnate Ventures I Com Npv (TSXV:MGV.H)
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