MAGMA ENERGY ANNOUNCES RELEASE DATE FOR 2011 THIRD QUARTER RESULTS

VANCOUVER, May 2 /PRNewswire/ - Magma Energy Corp. (TSX: MXY) today announced that its 2011 third quarter results will be released on Thursday, May 12th , 2011 after markets close. A conference call and live audio webcast to discuss the results will be held on Friday, May 13th, 2011 at 11:30 am ET (8:30 am PT).

Fiscal Year 2011 Q3 Results Conference Call and Webcast Information

Date: Friday, May 13, 2011

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

Dial-In Numbers:
North American toll-free number: 1-888-231-8191
Switzerland toll-free number: 0-800-835-354
United Kingdom toll-free number: 0-800-051-7107

Audio Webcast:
A live audio webcast can be accessed at:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3506580

Playback Available for One Week Following the Call:

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, Italy and Latin America, including one operating power plant in Nevada and two in Iceland.

SOURCE Magma Energy Corp.

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