Magnum D'Or Resources, Inc. to Elect New Directors and Chief Financial Officer and Relocates Executive Offices

HUDSON, Colo., March 16 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR) (the "Company"), announces today its intention to add four additional Directors and a Chief Financial Officer (CFO) to the Company, effective May 1, 2010. The Company expects to file a Schedule 14C Information Statement with the Securities and Exchange Commission today.  Below is a list of the directors and CFO, additional information about these individuals will be available at the following website:

http://magnumresources.net/investors/901

Board of Directors

• Mr. Joseph Badal -  Mr. Badal currently serves as President and CEO of Joseph Badal & Associates, Inc. ("JB&A"), JB&A provides consulting services to a variety of firms, including financial, real estate and health care organizations.

• Mr. Joseph Glusic - Mr. Glusic joined the Company in January 2007 as an independent director and was appointed to his current position of President and Chief Executive Officer effective January 1, 2008.

• Mr. Richard Magid -  Mr. Magid currently serves as the President of Famous Firsts Ltd., an entity that specializes in special events production.

• Mr. Dato Frank Steinleitner -  Mr. Steinleitner currently serves as the Chief Operating Officer of Sekhar Research Innovations Sdn Bhd. Previously, Mr. Steinleitner served as the former President and CEO of Mercedes Benz Malaysia - Daimler AG between 2002 and 2008.

• Mr. Leonard Weinstein - Mr. Weinstein has worked as a Certified Public Accountant and Certified Fraud Accountant for Jackson Memorial Hospital since 2000.  Mr. Weinstein has monitored compliance with accounting and auditing deadlines, consulted on controls for internal operations, and audited various operational activities of the hospital.

The new Board of Directors represents a broad range of experience and expertise that will provide the Company with strength to further its focus on compliance, strategic growth and risk oversight.

Also effective May 1, the Company expects to employ Mr. Benjamin Brown as its full time Chief Financial Officer (CFO).

• Mr. Benjamin Brown -  Mr. Brown currently serves as an independent audit consultant to public and private companies. Mr. Brown previously worked for both large and small audit organizations that included KPMG and Weinberg & Associates.  His activities included audit management and client manager.

The Company would also like to announce that it has terminated its consulting agreement with Mr. Chad Curtis.  Magnum and Mr. Curtis have worked out a satisfactory separation agreement over the last several months.  This will now allow Mr. Curtis to focus on other opportunities going forward.  

In response to these developments, Joseph Glusic, the Company's Chief Executive Officer, stated that "We are excited about the continued ability of the Company to attract such dynamic and well qualified people to our Company.  This is yet another step forward in our continuing goal of becoming a fully integrated Company and an international leader in the rubber recycling business.  We are proud to have these individuals join our Company to help guide us in achieving sustainability and maximizing long-term shareholder value."

Mr. Glusic went on to say, "We are also grateful for the tireless service and contributions Mr. Curtis has provided to Magnum and look forward to his innovative and insightful efforts now focused on international exposure.  Mr. Curtis has also expressed interest in helping Magnum as it expands in the future."

In a move to consolidate and centralize the Company's Executive functions, the Company has relocated its principal executive offices from Ft. Lauderdale, Florida to Henderson, Nevada.  The new address of the Company's principal executive office is:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained in this press release contain the Company's or its management's expectations and assumptions about future events, are forward-looking statements intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and the results anticipated by any or all of these forward-looking statements may not occur.  In addition, these statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by these forward-looking statements.  Factors that could affect those results include, but are not limited to, those described in the Company's annual report on Form 10-K for the fiscal year ended September 30, 2009, as well as the Company's subsequent reports on Form 10-Q and Form 8-K,  which have been or will be filed with the Securities and Exchange Commission.

SOURCE Magnum D'Or Resources, Inc.