MNM

Magellan Minerals Ltd. (TSX VENTURE:MNM)(OTCQX:MAGNF) ("Magellan") is pleased to
report that metallurgical results from the first phase of testing for the
Feasibility Study on the Coringa Project have been received. 


Highlights include:- 



--  96.7% - 99.0% overall gold recoveries from samples ground to a P80 of 75
    microns using a combination of initial gravity separation followed by
    carbon-in-leach cyanidation for 48 hours

--  92.3% - 96.7% gold recoveries from sulphide samples at the relatively
    coarse grind of P80 of 150 microns, after cyanidation for 48 hours

--  Recoveries of 51.1% to 65.2% via gravity methods at a grind a P80 of 150
    microns. Previously reported recoveries via gravity testwork indicated
    recoveries in the range of 40-50% at P80 of 150 microns



Whole ore carbon in leach gold recoveries of greater than 95% after 24 hours of
leaching were achieved from two composite samples; the first sample representing
243.64kg of sulphide ore from the Galena, Mae de Leite and Serra zones, and the
second representing 280.74kg of sulphide ore from the Meio and Come Quieto
zones. These results are as good or better than the previous results obtained
after 48 hours of leaching. In addition, gold recovery by gravity concentration
resulted in recoveries greater than 50%. Additional testing is on-going now to
optimize the flowsheet. The test results are an important step in advancing the
design of the processing plant.




----------------------------------------------------------------------------
                                                Grind size (P80 microns)    
                                           ---------------------------------
                                               150        106         75    
----------------------------------------------------------------------------
Gravity recovery (7L/m fluidization)                                        
-------------------------------------------                                 
  Composite 1                                 65.2%      63.6%      62.6%   
  Composite 2                                 51.1%      47.5%      47.4%   
----------------------------------------------------------------------------
Leach recovery                                                              
(after 48 hours with activated carbon)                                      
-------------------------------------------                                 
  Composite 1                                 96.7%      98.0%      99.0%   
  Composite 2                                 92.3%      94.8%      96.7%   
----------------------------------------------------------------------------



Note: These recoveries do not include additional losses incurred during elution
and electrowinning 


For the gravity test work, a total of 4kg of each sample were milled for three
different grind sizes (P80 = 150,106 and 75 microns) and passed through a
Knelson lab concentrator MD-3 using three different fluidization water flow
rates (3,0 - 5,0 - 7,0 L/m). At each fluidization water flow rate, one
concentrate was taken from each sample. Each concentrate was then dried, weighed
and leached using cyanide concentrations of 20.000 mg/L (rolling bottle). 


For the whole ore leach tests with activated carbon, a 3kg sample from each
composite was taken and sub-divided into six sub-samples of 500g. Each
sub-sample was then placed in a bottle under the following conditions; activated
carbon, 18 g of carbon/l, pH adjusted to 10-11 (with hydrated lime), 40% solids,
sampling (Au, CNFREE, pH) at 2, 6, 8, 12, 24, 48 hour intervals, and an initial
cyanide concentration of 1000 g/t.


The test work was carried out by Testwork Desenvolvimento de Processo Ltda in
Nova Lima, Brazil from March to June of 2013. Although preliminary, the results
are as good or better than previous test results reported in the December 2012
Preliminary Economic Assessment Technical Report. 


Commenting on the results, Alan Carter, President & CEO stated "these new
metallurgical test results on larger samples of ore have been conducted as part
of the feasibility study at Coringa, and confirm our earlier work which
indicates gold recoveries in excess of 95% from a combination of gravity
separation and leaching. The metallurgical work is an important step forward in
advancing the Coringa feasibility study." 


This press release was reviewed by John Kiernan, P.Eng., Magellan's VP Project
Development and a qualified person in compliance with National Instrument
43-101.


Magellan Minerals (TSX VENTURE:MNM)(OTCQX:MAGNF) is a TSX Venture Exchange
listed exploration and development company with two advanced gold properties in
the Tapajos Province of northern Brazil. The Coringa project is currently the
subject of a Feasibility Study and contains Measured and Indicated resources of
561,000oz of gold (3.2Mt @ 5.5g/t gold) and Inferred resources of 534,000oz of
gold (5.5Mt @ 3.0g/t gold). The Cuiu Cuiu project contains 100,000oz of gold in
the Indicated category (3.4Mt @ 1.0g/t gold) and 1,200,000oz of gold in the
Inferred category (31Mt @ 1.2g/t gold).


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This news release contains forward-looking statements. Forward-looking
statements address future events and conditions and therefore involve inherent
risks and uncertainties. Actual results may differ materially from those
currently anticipated in such statements. Particular risks applicable to this
press release include risks associated with achieving production on the project
within the parameters identified in the economic assessment, the ability of the
project to generate significant cash flow to the company and earnings to the
shareholders of the company. These statements are subject to risks due to
regulatory, technical, economic and other factors. In addition there is no
guarantee that additional exploration work will result in significant increases
to resource estimates. The reader is referred to the Company's most recent
annual and interim Management's Discussion and Analysis for a more complete
discussion of such risk factors and their potential effects, copies of which may
be accessed through SEDAR at http://www.sedar.com 


News release #2013-7 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Alan Carter, President and CEO
604.676.5663
info@magellanminerals.com

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