Malaga Inc.

Published : October 30th, 2007

Announces the Final Distribution Ratio of Dynacor Gold Mines Common Shares

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Keywords :   Gold | Gold Mines | Growth | Lead | Peru | Tungsten |

Malaga inc. announces the final distribution ratio
of Dynacor Gold Mines common shares

Montreal, Quebec, October 30, 2007 - Malaga Inc. ("Malaga") (TSX: MLG)  Following the announcement made by way of a press release dated October 18, 2007, Malaga is pleased to announce the final distribution ratio of Dynacor Gold Mines' common shares.

Malaga holds 20,000,000 common shares of Dynacor Gold Mines Inc. and is distributing 16,000,000 shares (80%) to its shareholders.

The final distribution ratio was determined based upon the number of common shares of Malaga issued and outstanding as of the Record Date (136,753,767 shares). Consequently, Malaga shareholders of record as of the close of business on October 26, 2007 (the "Record Date"), are entitled to receive, by way of a stock dividend, 1 common share of Dynacor Gold Mines Inc. for each 8.5471 common shares of Malaga held on the Record Date.

The creation of this new company underlines the importance that Malaga's management attaches to maximizing value for its shareholders and implementing strategies that lead to increased profits. Indeed, two distinct companies can better focus their individual efforts on increasing the value of their assets, their products in the marketplace and consequently the value of their shares. Furthermore, the spin-off of Malaga's gold assets into a separate company allows the investor to choose between two distinct investment options. 

ABOUT DYNACOR GOLD MINES INC.

Dynacor Gold Mines Inc. is a gold exploration and mining company, which has been operating in Peru since 1996 (originally as Dynacor Mines Inc.). The Company operates and owns 100% of a custom gold milling plant located on the Acari property. It also owns the Acari, Tumipampa and Casaden exploration properties in Peru. In 2006, the Acari Plant produced more than 14,300 ounces of gold. The milling capacity of the plant was increased in 2007 to 100 tons per day (2006 - 60 tons/day) and the amount of gold that has been milled in 2007 has sharply increased.

ABOUT MALAGA INC.

Malaga Inc. is a tungsten mining company which focuses on efficient and productive mining practices.  The company is committed to growth, through increasing its tungsten concentrate production, continuing the exploration of the Pasto Bueno property, and through strategic acquisitions.  It also seeks diverse growth opportunities such as developing the hydroelectric potential of the Pasto Bueno property, through Hidropesac S.A., in which the Company holds 44%.

For more information, please contact :

Jean Martineau 
President & CEO 
Malaga Inc. 
514 288-3224 

Christina Lalli
Investor Relations
Malaga Inc.
514 288-3224 ext. 224


RENMARK FINANCIAL COMMUNICATIONS
BARBARA KOMOROWSKI : BKOMOROWSKI@RENMARKFINANCIAL.COM
TINA CAMERON : TCAMERON@RENMARKFINANCIAL.COM
TEL. : 514 939-3989
FAX : 514 939-3717
WWW.RENMARKFINANCIAL.COM

Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Malaga Inc.

PRODUCER
CODE : MLG.TO
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Malaga is a gold and tungsten producing company based in Canada.

Malaga holds various exploration projects in Peru.

Its main asset in production is PASTO BUENO in Peru.

Malaga is listed in Canada and in United States of America. Its market capitalisation is CA$ 918 375 as of today (US$ 881 456, € 674 490).

Its stock quote reached its highest recent level on June 20, 2008 at CA$ 0.49, and its lowest recent point on July 15, 2013 at CA$ 0.01.

Malaga has 183 675 000 shares outstanding.

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Annual reports of Malaga Inc.
2007 Annual Report
Nominations of Malaga Inc.
12/2/2011Announces Appointment of Pierre Monet as President and Chief...
6/23/2011Appoints Three New Board Members
7/8/2008appoints Paul Cregheur to the Board of Directors
6/26/2008appoints three new Directors
12/20/2007Appoints a new board member
Financials of Malaga Inc.
4/3/2013Publishes Year-End Results
8/22/2008Q2 2008 financial results and outlook for 2008
4/14/2008Reports its year end financial results for 2007
11/15/2007reports net earnings in its third quarter 2007
8/16/2007Reports $6,749,432 revenue from the sale of gold and tungste...
5/23/2007reports sales of $2.3 million of tungsten concentrate for th...
4/13/2007files its audited consolidated financial statements and anno...
Project news of Malaga Inc.
5/31/2011(Pasto Bueno)Announces a $1.5 Million Diamond Drilling Campaign in the Co...
4/24/2008(Pasto Bueno) Pasto Bueno: Commissioning of the first phase of the Pasto ...
3/3/2008(Pasto Bueno)discovers new tungsten mineralized vein structures at Pasto ...
11/13/2007(Pasto Bueno) Pasto Bueno: Drilling Reveals New Tungsten Mineralized Zone...
5/15/2007(Pasto Bueno)commercial production begins at the Pasto Bueno mine
Corporate news of Malaga Inc.
6/6/2013Files a Notice of Intention to Make a Proposal Under the Ban...
5/21/2013Publishes Q1 Results
4/9/2013Sells Its Hydro Electric Power Plant
11/9/2012Update on Mining Operations
11/9/2012Update on Mining Operations
10/22/2012(Pasto Bueno)Pasto Bueno Process Plant in Care and Maintenance
10/22/2012(Pasto Bueno)Pasto Bueno Process Plant in Care and Maintenance
8/15/2012Announces Its Q2 Results
5/9/2012Maintains Profitability and Generates Cashflow From Operatin...
4/17/2012to Recover Additional Tungsten From Its Tailings Pond
3/28/2012Improves Profitability and Generates a Net Income of $5.6M a...
2/27/2012(Pasto Bueno)Increases Its Resources by More Than 140% and Its Reserves b...
2/16/2012to Build New Hydroelectric Plant in Peru
1/9/2012(Pasto Bueno)Announces Appointment of Fernando Pajuelo Rincon as General ...
10/4/2011Joins OTCQX-"MLGAF"
8/15/2011Reports Financial Results for Second Quarter 2011: Generates...
6/17/2011Generates a Net Income of $0.8 Million and an EBITDA of $1.3...
5/20/2011Says it is Not Aware of Any Undisclosed Development That Wou...
4/11/2011Reports Record Sales of US $4.5 Million in the First Quarter...
3/31/2011Reports Income of $1.1 Million From Mining Activities
10/30/2007 Announces the Final Distribution Ratio of Dynacor Gold Mine...
9/26/2007senior management changes within the company
7/17/2007Change of corporate name and trading symbol (previously Dyna...
4/17/2007has 100% ownership of its Acari property in Peru
3/21/2007signs an engagement letter of up to CA$5 million with D&D Se...
2/20/2007To Spin Off Gold Assets To Shareholders
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