Magellan Minerals Ltd. : S&P Capital IQ Initiates Coverage on Magellan Minerals Ltd in Standard & Poor's Factual Stock Reports

S&P Capital IQ announced today that it has commenced Standard & Poor's Factual Stock Report coverage on Magellan Minerals Ltd.

Magellan Minerals Ltd. (TSX-V: MNM; Pinksheets: MAGNF) engages in the exploration and development of gold properties primarily in Brazil. The company's principal properties consist of the Cuiu Cuiu project that covers approximately 47,000 hectares and is located southwest of Itaituba city, northern Brazil; and the Coringa gold project, which covers 19,093 hectares and is located in the state of Para, Brazil.

MNM's Cuiu Cuiu property holdings consist of two exploration licenses, four license applications and 76 artisanal mining claims. Exploration drilling is currently in progress at Cuiu Cuiu with three rigs, working to expand the current resources. The 43-101 compliant resource estimate from March 2011 reported 0.1 Moz Indicated and 1.2 Moz inferred with an average grade of 1.2 g/t gold. Two of the eight major anomalies on this property are the Central and Moreira Gomes deposits. The Central Deposit has 68 drill holes totaling 20718.79 meters, extending over approximately 1100 meters of strike and up to 450 meters depth. The Moreira Gomes deposit contains 42 drill holes totaling 11213.89 meters, extending over approximately 1800 meters of strike length and to a vertical depth of up to 350 meters.

The company announced on October 20, 2011 that it had staked an additional 57,000 ha of ground within the Tocantinzinho Trend of the Tapajos Gold Province. This trend is a belt of mineralization roughly 300km in strike length that has published resources totaling over five million ounces of gold in several deposits, one of which is the Cuiu Cuiu property.

Standard & Poor's Factual Stock Report coverage on Magellan Minerals Ltd. will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P Capital IQ research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit www.magellanminerals.com for additional information.

About Standard & Poor's Factual Stock Reports

Currently profiling over 500 issuers, Standard & Poor's Factual Stock Reports, produced by S&P Capital IQ, increase market awareness of issuers in the investment community with insightful commentary and key statistics and information. Standard & Poor's Factual Stock Reports provide factual research coverage about company fundamentals and business prospects, thereby enabling information about covered companies to reach a wide investor audience of Buy and Sell-side investors. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is underwritten by the issuer, S&P Capital IQ does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of S&P Capital IQ or related organizations. S&P Capital IQ does not trade on its own account.

About S&P Capital IQ

S&P Capital IQ, a brand of the McGraw-Hill Companies (NYSE:MHP), is a leading provider of multi-asset class data, research and analytics to institutional investors, investment advisors and wealth managers around the world. We provide a broad suite of capabilities designed to help track performance, generate alpha, identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions such as S&P Securities Evaluations, Global Data Solutions, and Compustat; and research offerings including Leveraged Commentary & Data, Global Market Intelligence, and company and fund research, S&P Capital IQ sharpens financial intelligence into the wisdom today's investors need.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50135904&lang=en

Magellan Minerals Limited
Jennifer Duthie, 778-370-0519
Corporate Communications Manager
[e-mail]
or
S&P Capital IQ
Customers:
Richard Albanese, 212-438-3647
[e-mail]
or
Media Relations:
Michael Privitera, 212-438-6679
[e-mail]