Magnum D'Or Resources Update on Tender Offer

FORT LAUDERDALE, Fla.--(Business Wire)--
Magnum D'Or Resources, Inc. (OTCBB:MDOR) (Magnum) announces today
that the Company's Board of Directors met today to review recent
developments associated with the previous buyout offer extended to the
Company. The Board has determined that it is not in the best interest
of the company or its shareholders to pursue a buyout at this time.

"The offer came on the heels of having several joint ventures on
the table, some of which are in the final stages of negotiation.
Magnum's growth potential is still unrealized in our current
development stage considering we hold exclusivity to several key
patents, trade secrets and highly proprietary technology," CEO Joseph
Glusic stated.

Currently, the Company holds production contracts for deliverables
in excess of $100,000,000 US, is entertaining several joint venture
opportunities, and is in the preliminary roll out stage of its
Cryogenic Crumb Rubber Facility, including a TPE Extension Plant. With
all of these activities in place it is simply impossible for us to put
a proper evaluation on the Company's potential.

Mr. Glusic, Chief Executive of the Company stated, "The recent
offer to acquire Magnum is yet another confirmation that the Company
continues to draw interest from a number of private and institutional
investors. Although we feel that the offer was made in good faith, it
did not represent the true value of the future prospects of Magnum.
Furthermore, we will continue to pursue capital funding through the
same channels with the intention of maintaining the company as a
public entity." The details of the offer were asked to be kept
confidential by the offering party until such time as its offer was
accepted, or until such time that further funding negotiations are
completed.

"Although I'm sure our shareholders are anxious to know the
details involved in the offer, we will honor the request of the
investors until we have completed all of our negotiations regarding
potential funding through them. It is too premature to consider any
change in control of the company until its full potential can be
realized. There is just too much activity to warrant relinquishing
control of our licenses and patents at this time."

To date, the Company has not entered into any financing agreements
that include equity participation. Furthermore, it is in serious
negotiations with several private and institutional investment groups
in raising capital to fulfill its current contract obligations and
institute its business plan.

Safe Harbor Statement under the Private Securities Litigation
Reform Act Of 1995

Statements contained in this document that are not historical fact
are forward-looking statements based upon management's current
expectations that are subject to risks and uncertainties that could
cause actual results to differ materially from those set forth in or
implied by forward-looking statements. The company is not required to
update its forward-looking statements.

Magnum D'Or Resources, Inc., Fort Lauderdale
Joseph Glusic, CEO, 305-420-6563
mdor@magnumresources.net
www.magnumresources.net

Copyright Business Wire 2008