Effort has been devoted to develop new heat resistant diecasting alloys based on Mg-Al-Zn system in this research. Small amounts of cerium-rich misch metal and antimony additions to AZ91 alloy could enhance the tensile strength at an elevated temperature while keeping the good castability. The increase of Zn content in Mg-8(wt%)Al-xZn-0.5RE-0.5Sb alloys, was observed to significantly increase the yield strength at 175 degrees C although the castability such as fluidity and hot cracking resistance was slightly decreased. Intensive microstructural investigation on the new Mg-Al-Zn diecasting alloys was also carried out.