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Malaga Inc.

Published : December 20th, 2007

Appoints a new board member

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Keywords :   Copper | Gold | Gold Mines | Growth | Nickel | Peru | Tungsten |

Malaga inc. appoints a new board member

Montr�al, Qu�bec, December 20, 2007 - Malaga Inc. (TSX: MLG) is pleased to announce the appointment of Mr. Denis V. Lachance, eng., to the Company's Board of Directors.

Mr. Lachance has more than 25 years of experience in the mining sector. In September 2006, he was appointed Vice President of Operations, Raglan, for Xstrata Nickel. He was also appointed to both the Board of Directors of Xstrata Nickel and the Board of Xstrata's Koniambo Nickel. Although Mr. Lachance has retired from these positions, he remains an active mining consultant.

Prior to September 2006, Mr. Lachance held several important positions.  Among them, in June 2006, he was elected President of the Board of the Quebec Mining Association.  He was also the Director of the Noranda Technology Center, Director of the Perseverance and Lady Loretta Feasibility Studies for Noranda inc.-Zinc group, as well as a Project Manager and Mines General Manager for Noranda Inc. Mr. Lachance has also worked for companies such as Agnico-Eagle Mines Ltd., Falconbridge Copper, and Lac Minerals.

"We are pleased to welcome Mr. Lachance to our Board." said Jean Martineau, Chairman of the Board and President and CEO of Malaga Inc. "His vast experience in the mining sector and his management expertise as well as the breadth of his Boardroom experience will clearly greatly assist us in successfully reaching our full potential."

Iv�n Quiroz Nu�ez, Vice President Operations, Peru
Malaga would like to correct an error made in a previous press release, dated September 26, 2007. In that press release, the Company named Ivan Quiroz Nunez Vice President of Exploration. In fact, Mr. Nunez's correct title is Vice President Operations, Peru.

COMPANY PROFILE
Malaga Inc. is a tungsten mining company that uses modern, efficient and productive mining technology. 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%, as well as through its holding in Dynacor Gold Mines inc., in which the company owns 13.3%.

For more information, plea se 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
�RIC SAINT-PIERRE: ESTPIERRE@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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