MAGMA ENERGY ANNOUNCES RELEASE DATE FOR 2011 FIRST QUARTER RESULTS

VANCOUVER, Nov. 2 /CNW/ - Magma Energy Corp. (TSX:MXY) today announced that its 2011 first quarter results will be released on Monday, November 15, 2010 after markets close.  A conference call and live audio webcast to discuss the results will be held on Tuesday, November 16, 2010 at 11:30 am ET (8:30 am PT).

Fiscal Year 2011 Q1 Results Conference Call and Webcast Information

Date: Tuesday, November 16, 2010

Time: 11:30 am Eastern Time - 8:30 am Pacific Time

Dial-In Numbers:
North American toll-free number:                             1-877-240-9772
Switzerland and United Kingdom toll-free number:     [phone]-4567
International toll number:                                         1-416-340-8530 
UAE: please contact Magma Energy for dial-in details 

Audio Webcast:
A live audio webcast can be accessed at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=162422

Playback Available for One Week Following the Call:
North American and International:                            1-416-695-5800 / 1-800-408-3053
Replay Pin Number:                                                8020062

About Magma Energy Corp:

Magma Energy Corp. is a geothermal power company which operates, develops, explores and acquires geothermal energy projects.  We have an extensive portfolio of properties throughout the western United States, Iceland and Latin America, including one operating power plant in Nevada and two in Iceland. 

For further information:

Alison Thompson, Vice President, Corporate Relations
Magma Energy Corp.
Phone: [phone]
Email: [email protected]