Consolidated Magna-Additional Work Program for Staghorn Lake Area, Labrador.

VANCOUVER, B.C.--(BUSINESS WIRE)--May 13, 1996--BLOCK 2, 3, AND 4 STAGHORN Staghorn may refer to:

Staghorn coral, a branching coral
Lycopodium clavatum, a moss commonly called Staghorn moss
Platycerium, a fern commonly called Staghorn fern
Pacific staghorn sculpin, a type of fish

LAKE--Airborne geophysics geophysics, study of the structure, composition, and dynamic changes of the earth, its atmosphere, hydrosphere and magnetosphere, based on the principles of physics. has been completed on Blocks 2, 3 and 4 in the Staghorn Lake area confirming the presence of multiple electromagnetic electromagnetic /elec·tro·mag·net·ic/ (-mag-net´ik) involving both electricity and magnetism.

electromagnetic

pertaining to or emanating from electromagnetism. conductors. Blocks 3 and 4 cover strategic structures and geology similar to the Cirque property of Cartaway Resources. They are located due east and west respectively of the Cirque property as illustrated on the accompanying map. Ground crews are scheduled to commence detail follow-up surveys early June.

PUTTU/KRINOR PROPERTY

Castle Rock Exploration has notified Magna that very encouraging results have been obtained from both the airborne geophysics and follow up ground work. Field crews have identified at least five airborne EM conductors and confirmed that the first two are associated with nickel-copper bearing massive sulphide sulphide: see sulfide. occurrences in the Anorthosite anorthosite

Type of igneous rock composed predominantly of calcium-rich feldspar. It is considerably less abundant than either basalt or granite, but the complexes in which it occurs are often immense. complex. The property is scheduled for drilling late this spring. This property lies northwest of Cartaway's Cirque property.

Consolidated Magna Ventures Ltd. is a growth-oriented mineral exploration company listed on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE)

A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies.

Vancouver Stock Exchange

See Canadian Venture Exchange (CDNX). (Symbol- CMV-VSE). The Company current Labrador portfolio comprises 1655 claims in 17 properties in the Voisey Bay/Staghorn Lake areas and 1,246 claims in 6 properties in the Goose Bay area.

ON BEHALF OF THE BOARD OF DIRECTORS

CONSOLIDATED MAGNA VENTURES LTD.

Bradford J. Cooke

Director

NOTE: Location map available from the Company at the phone number listed above.

The Vancouver Stock exchange neither approves nor disapproves the contents of this news release which was prepared solely at the discretion of management.

CONTACT: Consolidated Magna Ventures Ltd.

Clayten Vance

604/685-9700

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Publication:	Business Wire
Date:	May 13, 1996
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