VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 13, 2009) - Magellan Minerals Ltd. (TSX VENTURE:MNM - News; "Magellan") announces that further to its news release dated October 8, 2009, it has filed today with the British Columbia, Alberta, Ontario and Nova Scotia Securities Commissions, a NI 43-101 Technical Report dated October 8, 2009 (the "Report") on its Coringa Project, Novo Progresso, Brazil. The Report was prepared by Christopher K. Chapman, P.E., Kevin J. Gunesch, P.E. and Terre A. Lane, B.Sc. (Mining Engineering) of Global Resource Engineering, Ltd. The Report can be found on SEDAR at www.sedar.com and on Magellan's website at www.magellanminerals.com.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Alan Carter
Magellan Minerals Ltd.
President and CEO
604.676.5663
info@magellanminerals.com
www.magellanminerals.com