VANCOUVER, BRITISH COLUMBIA--Mr. Bradford Cooke, Chairman of Consolidated Magna Ventures Ltd., is pleased to announce the appointment of Mr. Daniel Walters as President and Chief Executive Officer. Mr. Walters is also the Chief Technology Officer of Magna, the founder of Company subsidiary, PODbook.com Ltd. and the developer of Magna's SkinnyScript(TM) technology. Stated Mr. Cooke, "The appointment of Mr. Walters as President and C.E.O. is a natural move for the Company reflecting our recent change of business into the technology sector. I would like to thank Mr. Robert Archer, President of Magna, for his able stewardship of Magna over the past three years. Robert will continue to provide his management expertise as Managing Director to complement Daniel's new responsibilities. Magna plans to further strengthen its management team as the Company continues to grow.'' Magna's successful launch of SkinnyScript(TM) in the pre-press print industry in September and our most recent success atthe Graphics Canada 2001 trade show have only emphasized the strengths of our technology and the many business opportunities now available to us. Markets where Magna will focus on consummating business contracts in the near term include Pre-Press Print, Digital Asset Management, Print Ad Management, and Print On Demand.