- 1206-10-33: 7.81 g/t Au over 11.90 metres

- 1206-10-34: 1.89 g/t Au over 37.50 metres

- 1206-10-32: 1.18 g/t Au over 54.50 metres

- 1206-10-31: 0.90 g/t Au over 51.50 metres

- including 2.80 g/t Au over 10.00 metres

MONTREAL, QUEBEC, Jan. 20, 2011 (Marketwire) --

MDN Inc. ("MDN") (TSX:MDN), in partnership with SOQUEM Inc., announce the assay results for the first four drill holes (1206-10-31 to 1206-10-34) on its MCGold property near Chibougamau, Quebec.

These four holes were drilled to test quality and grade continuity compared to historical drilling that had been only partially sampled, possibly leading to an underestimation of the average grade for the deposit. The four holes tested two sections in the centre of the deposit, with holes 1206-10-31 and 32 drilled on Section 542125E and holes 1206-10-33 and 34 drilled on Section 542075E.

"We are pleased to have achieved our first objective for the MCGold deposit. The grade is in fact higher than in adjacent historical holes. Pockets of high-grade ore have been located and their distribution and grade might improve the economics of the deposit. Six additional holes located on two drilling sections are now being assayed, and the results will be integrated in a block model in the coming months," stated Marc Boisvert, MDN's Vice President, Exploration.

MDN's June 2010 strategy of acquiring an interest of up to 50% in this property was based on the presence of a resource with Au-Cu porphyry-type deposit potential, which makes this a project to develop on the basis of a high-grade low-tonnage deposit model.