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MagIndustries Reminds Shareholders of Tender Deadline

MagIndustries Corp. ("MagIndustries" or the "Company") (TSX: MAA) is issuing this press release to remind its shareholders regarding the process of tendering to the bid by Evergreen Resources Holding (BVI) Ltd. ("Evergreen Resources") for all of the common shares of MagIndustries.

On May 19, 2011, Evergreen Resources and the Company mailed circulars to the Company's shareholders. The Evergreen Resources circular contained an offer to acquire all of the shares of the Company for a cash payment of Cdn$0.25 per share (the "Offer"). The Company's directors' circular contained the unanimous recommendation of the board of directors of the Company that the shareholders tender their shares to the Offer.

The Offer is subject to the condition that not less than 662/3% of the issued and outstanding shares of the Company are tendered to the Offer. If the 662/3% tender threshold is not met, Evergreen Resources may choose not to close the transaction and require that MagIndustries pay Evergreen Resources a termination fee in the amount of Cdn$3,000,000.

The circular issued by Evergreen Resources details the subsequent transactions which may be carried out to complete the acquisition of 100% of the shares of the Company, all at a price of Cdn$0.25 per share. The purchase price is payable in cash only - no option to exchange Company shares for other interests is available.

The deadline for tendering to the Offer is July 18, 2011. A decision to tender requires action to be taken by a shareholder. Shareholders of the Company wishing to tender their shares should instruct their brokers to immediately tender their shares to the Offer. In order to permit these instructions to be conveyed, shareholders wishing to tender their shares should instruct their brokers not later than July 13, 2011.

Shareholders of the Company who have questions regarding the Offer or how to tender their shares to the Offer are advised to contact the information agent for the Offer:

Kingsdale Shareholder Services Inc.
The Exchange Tower
130 King Street West, Suite 2950
Toronto, ON M5X 1E2
North American Toll Free Phone: 1-866-851-9601
E-mail: contactus@kingsdaleshareholder.com
Facsimile: 416-867-2271
Toll Free Facsimile: 1-866-545-5580
Outside North America, Banks and Brokers Call Collect: 416-867-2272

About MagIndustries Corp.

MagIndustries is a Canadian company whose common shares are listed on the TSX and trades in Canadian currency under the symbol "MAA". The Company has 456,772,463 shares outstanding on an undiluted basis. MagIndustries is focused on the development of its potash assets in the Republic of Congo. More information on the Company is available on its website, www.magindustries.com.

Except for historical information, this press release contains forward-looking statements, which reflect the Company's current expectation regarding future events. These forward-looking statements involve risks and uncertainties, which may cause actual results to differ materially from those statements. Those risks and uncertainties include, but are not limited to, changing market conditions, and other risks detailed from time-to-time in the Company's ongoing filings. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events in this press release might not occur.

Cusip: 55917T 102