Hawks Nest near surface high grade gold splits

Magnetic Resources NL (the Company or Magnetic) is very pleased to announce confirmation of a significant very shallow gold mineralised zone at HN5 near old workings (Figure 1), within the Hawks Nest tenement E38/3127 after the individual 1m splits were analysed. In drillhole MHNRC48,the 1m fire assays show an intersection of7m @ 4.5g/t gold from 5mor 6m @ 5.0g/t from 5m in hole MHNRC48(Table1).Be