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TORONTO, ONTARIO--(Marketwire - July 16, 2010) - MagIndustries Corp. ("MagIndustries" or the "Company") (TSX:MAA) reports today that an accident has occurred during ship-loading at the Eucalyptus Fibre Congo ("EFC") operations in Pointe-Noire, Republic of Congo. EFC is a wholly owned unit of MagForestry Inc. which in turn is wholly owned by the Company.

EFC's two ship loaders were damaged by the sudden movement of a vessel during loading. MagIndustries expects to file an insurance claim for the repair costs and loss of business.

A technical evaluation of the damage, repair costs and repair timeframe is underway, but until repairs are completed no eucalyptus wood chip exports can be undertaken by EFC.

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 418,342,462 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