We present reversible magnetization measurements on MgB 2 single crystals in magnetic fields up to 2.5 T applied parallel to the crystal's c axis. This magnetization is analyzed in terms of the Hao-Clem model, and various superconducting parameters, such as the critical fields ͓H c (0) and H c2 (0)], the characteristic lengths ͓͑0͒ and ͑0͔͒, and the Ginzburg-Landau parameter, are derived. The temperature dependence of the magnetic penetration depth (T), obtained from the Hao-Clem analysis, could not be explained by theories assuming a single gap. Our data are well described by using a two-gap model.