VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/31/11 -- Magellan Minerals Ltd. (TSX VENTURE: MNM) is pleased to announce that it has held its 2011 annual general and special meeting of shareholders on May 27, 2011. At the meeting, shareholders approved (a) the election of Alan H.C. Carter, Dennis J. Moore, James Stypula, Derek C. White, and Mario D. Szotlender as directors of the Company; (b) the appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company; (c) the continuation of the Company's 2007 rolling stock option plan; and (d) the adoption of a shareholder rights plan.
Magellan is a TSX Venture Exchange listed exploration company with a number of gold exploration Properties in the Tapajos Province of northern Brazil and is focused on the Cuiu Cuiu and Coringa projects where drilling is currently in progress.
News Release #2011-11
Neither The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Magellan Minerals Ltd.
Alan Carter
President and CEO
604.676.5663
info@magellanminerals.com
Magellan Minerals Ltd.
Jennifer Duthie
Corporate Communications Manager
778.370.0519
Jennifer@magellanminerals.com
www.magellanminerals.com
