A magnetic filtration device for installing as a replacement to a standard drain plug commonly positioned at the bottom of the reservoir. The magnetic filtration device may attract and capture magnetic (ferromagnetic) particulate circulating throughout a mechanical system. Applications for the device include engines, motors, pumps, compressors, gear boxes, transmissions, hydraulic systems, and generators. The magnetic filtration device may comprise a magnet core enclosed within a magnet casing, with additional magnetic rods affixed to and/or arranged around the magnet casing.