MAGMA ENERGY ANNOUNCES RELEASE DATE FOR 2010 AUDITED YEAR END RESULTS

News provided by

Magma Energy Corp.

Sep 21, 2010, 09:00 ET

VANCOUVER, Sept. 21 /PRNewswire-FirstCall/ - Magma Energy Corp. (TSX:MXY) today announced that its audited 2010 year end results and Annual Information Form will be released on Tuesday, September 28, 2010 after markets close. A conference call and live audio webcast to discuss the results will be held on Wednesday, September 29, 2010 at 11:30 am ET (8:30 am PT).

    Fiscal Year End 2010 and Q4 Results Conference Call and Webcast
    ---------------------------------------------------------------
    Information
    -----------

    Date:  Wednesday, September 29, 2010

    Time:  11:30 am Eastern Time - 8:30 am Pacific Time

    Dial-In Numbers:
          North American toll-free number:   1-877-240-9772
          Switzerland and United Kingdom
           toll-free number:                (00) 800-1234-4567
          International toll number:         1-416-340-8527
          UAE: please contact Magma Energy for dial-in details

    Audio Webcast:
          A live audio webcast can be accessed at:
          http://www.investorcalendar.com/IC/CEPage.asp?ID=161489

    Playback Available for One Week Following the Call:
          North American and International:   1-416-695-5800 / 1-800-408-3053
          Replay Pin Number:     3548841

About Magma Energy Corp:

Magma Energy Corp. is a geothermal power company which operates, develops, explores and acquires geothermal energy projects. We have an extensive portfolio of properties throughout the western United States, Iceland and Latin America, including one operating power plant in Nevada and two in Iceland.

SOURCE Magma Energy Corp.

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