Malaga appoints Paul Cregheur to the Board of Directors

Montr�al, Qu�bec, July 8, 2008 � Malaga Inc. (TSX: MLG) is pleased to announce the appointment of Paul Cregheur as a member of the Company�s Board of Directors.

Paul Cregheur has had a very successful career in the mining world and has been successively a chief geologist, a mine manager, a mining consultant, a vice-president operations and a president and CEO. He has worked for large companies (Falconbridge, Noranda and Rio Algom) as well as for smaller ones and has also been involved in the reopening of mines (the Kiena mine in Val d�Or, Qu�bec, for instance) and the start-up of the Chadbourne mine (Noranda, Qu�bec) and has also been actively involved throughout his career in project evaluation, ore reserve estimations, cost controls and feasibility studies.

From 2003 to 2007, he was the President and CEO of Wesdome Gold Mines Inc. where he very successfully managed the multi-million dollar West Dome Project in Val d�Or, Quebec, comprising the former Kiena mine, the new Shakey, West Dome and McKenzie Break projects. He is now a mining consultant and is involved in many mining projects throughout the world.

Jean Martineau, Malaga�s President and CEO is very pleased to welcome Paul Cregheur to Malaga�s Board of Directors and considers that his vast experience in the mining world will be invaluable for the Company as it grows and develops into an important tungsten producer in the Americas.

Iv�n Quiroz, a mining engineer, has left the Board and will continue full time as the Vice-President Operations in Peru. The Company wishes to thank him for his enthusiasm and his contributions as a member of the Board of Directors during his tenure.

ABOUT MALAGA INC.
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, 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, please contact:

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

Renmark Financial Communications
Julien Ouimet: jouimet@renmarkfinancial.com
John Boidman: jboidman@renmarkfinancial.com
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