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Message: NR more good news Tulawaka 30% MDN

NR more good news Tulawaka 30% MDN

posted on Nov 02, 2009 01:18PM

Drill hole TUGD65 averages 7.37 g/t Au over 10.1 m

MONTREAL, QUEBEC--(Marketwire - Nov. 2, 2009) - MDN Inc. ("MDN") (TSX:MDN) is pleased to provide an update on an underground drilling program at the Tulawaka gold mine in Tanzania. These preliminary results are encouraging and MDN believes they warrant the continuation of further underground drilling.

In February 2009, underground drill stations were positioned in the western part of the mine in order to initiate an exploration program consisting of 33 holes for a total of 2,179 meters. MDN expects that the updated 2010 mining plan and budget should be approved in the coming weeks.

The drilling program was completed before the end of the first semester of 2009. Because of the very positive results, it has been first extended until September 30, and extended once more for a period of three to four months for the same reasons.

"Based on these preliminary drill results, MDN believes that the life of mine of Tulawaka will be extended", said Paul-A. Girard, President and CEO of MDN.

The table below details the underground drill results done during the first semester of 2009, although the program is continuing and the results will be part of the mineral reserves calculation at year-end. The right-hand side column shows the distance along the drill holes. The collars of the drill holes were located at vertical depths between 137 to 177 m.



--------------------------------------------------------------------
Holes Gold (g/t) Width (m) From (m)
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TUGD33 5.99 2.00 92.00
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1.81 3.00 121.00
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TUGD34 17.10 1.00 16.85
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TUGD35 2.71 1.40 11.50
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TUGD36 41.30 1.00 12.50
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TUGD37 5.90 1.00 7.50
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TUGD39 28.30 0.50 34.30
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TUGD41 1.16 3.00 42.00
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2.68 4.00 80.00
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2.94 2.00 100.00
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3.93 2.00 105.00
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TUGD42 30.27 2.00 34.60
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3.25 1.00 60.60
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TUGD43 2.91 2.00 37.50
--------------------------------------------------------------------
1.41 2.00 65.50
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TUGD44 5.83 1.00 69.10
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TUGD45 2.51 2.00 112.80
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TUGD46 3.03 0.50 57.60
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4.43 1.25 64.85
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TUGD47 1.51 1.00 49.50
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3.18 0.80 52.50
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TUGD49 6.43 5.00 25.55
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TUGD50 15.57 5.50 22.20
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16.70 0.60 28.20
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TUGD51 5.77 3.60 26.50
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TUGD55 21.43 2.00 6.20
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4.66 0.75 21.00
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TUGD56 9.45 3.20 54.50
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16.65 4.00 59.00
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TUGD61 16.71 2.90 21.00
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TUGD64 4.15 1.50 16.60
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TUGD65 7.37 10.10 13.20
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TUGD66 26.85 2.50 14.00
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8.63 4.80 20.90
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The underground production at the Tulawaka gold mine is currently located in the central part at level 1,065m, whereas the underground drilling program is undertaken in the western part, at levels 950m and 1,050m (please refer to the longitudinal diagram available at the following address: http://media3.marketwire.com/docs/mdn_eng1102.jpg).

All technical information in this release has been reviewed by Marc Boisvert, Engineer and Vice President Exploration of MDN, serving as a qualified person in compliance with National Instrument 43-101.

The Tulawaka project is a joint-venture between MDN (30%) and Pangea Goldfields Inc. (70%), a wholly owned indirect subsidiary of Barrick Gold Corporation and project operator through its Tanzanian subsidiary Pangea Minerals Ltd. The drilling results disclosed on the Tulawaka Gold Mine are based on information provided by the operator.

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