MAA Magindustries Corp (Tier2)

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

MagIndustries Corp. ("Mag" or the "Company")(TSX VENTURE:MAA) is pleased to
announce that it has filed a preliminary short form prospectus for a new issue
of common shares (the "Common Shares") of the Company in certain provinces of
Canada (the "Offering"). The Offering is anticipated to raise approximately $30
million in gross proceeds prior to the Over-Allotment Option described below.


The Offering is being led by Cormark Securities Inc. and includes a syndicate of
dealers (collectively, the "Underwriters").


Mag has also granted the Underwriters an option (the "Over-Allotment Option")
for purchase up to an additional 15% of the Common Shares sold under the
Offering to cover over-allotments, if any and for market stabilization purposes.
The Over-Allotment Option is exercisable in whole or in part for a period of 30
days following the closing of the Offering.


The Offering is scheduled to close on or about June 16, 2009 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals, including the approval of the TSX Venture exchange.


The net proceeds of the Offering will be applied toward the construction of
Phase I of the Company's potash project near Mengo in the Kouilou province of
the Republic of Congo, including construction of a portion of the natural gas
pipeline, purchasing of materials, services and equipment, and acceleration of
engineering work.


The Common Shares offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the Common Shares
in any jurisdiction in which such offer, solicitation or sale would be unlawful.


About MagIndustries Corp.

MagIndustries is a Canadian company whose common shares are listed on the
TSX-Venture Exchange and trades in Canadian currency under the symbol "MAA". The
Company has 288,079,962 shares outstanding on an undiluted basis. MagIndustries'
resource subsidiaries are operating and developing major industrial projects in
the Republic of Congo and the Democratic Republic of Congo. More information on
the Company is available at its website, www.magindustries.com.


Except for historical information, this press release contains forward-looking
statements, which reflect the Company's current expectation regarding future
events. These forward-looking statements involve risks and uncertainties, which
may cause actual results to differ materially from those statements. Those risks
and uncertainties include, but are not limited to, changing market conditions,
and other risks detailed from time-to-time in the Company's ongoing filings. We
undertake no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
In light of these risks, uncertainties and assumptions, the forward-looking
events in this press release might not occur.


Cusip: 55917T 102

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