MagIndustries Corp. announced that John Gingerich, P.Geo and Chris Hopkins, CA, CPA have been
appointed as directors of the Company. Both Mr. Gingerich and Mr. Hopkins have strong professional credentials
and deep experience with public companies which equip them well to advise and guide MagIndustries. They are
both independent of majority shareholder, Evergreen Holding. Mr. Hopkins will chair the audit committee and Mr.
Gingerich will serve as a member of that Committee. The Company expects to finalize the search for a third
independent director with an appointment to be announced in coming days.