The microstructure of Al-5%Mg based alloy mainly consists of aluminum matrix with a small amount of AlMn phase. The addition of Sc or Zn to the base alloy significantly improved the as-cast tensile strength, while the addition of Fe deteriorated both strength and ductility. Although the Al-5%Mg based alloy was not heat-treatable, aging hardening could be observed in the case that Sc or Zn was added to the base alloy. TEM analysis showed that very fine AlSc or AlMgZn precipitates were formed after T6 heat treatment, resulting in enhanced strength. The corrosion resistance measured as corrosion potential was found to decrease a little by adding Zn, whereas other alloying elements were not clearly influential.