Lightweight metallic foams are an attractive material having excellent energy absorption and acoustic damping. The density of magnesium is the smallest among structural metallic materials, and is about two third of the density of aluminum. It is, however, difficult to produce magnesium foams by conventional process because of their chemical activity. This paper provides a novel manufacturing process of magnesium foams. Accumulative diffusion-bonding process can produce a magnesium matrix composite (preform) containing titanium hydride (TiH2) particles as a blowing agent. Foaming tests of three magnesium alloys, AZ31, AZ91 and ZA146, revealed that low solidus temperature is effective to produce fine cell morphology. Chemical composition is significantly important to optimize the cell morphology of magnesium foams.