Malaga Inc.

Published : April 17th, 2007

has 100% ownership of its Acari property in Peru

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Keywords :   Gold | Gold Production | Peru |

Dynacor has 100% ownership of its Acari property in Peru

Montr�al, Qu�bec, April 17, 2007 - Dynacor (TSX: DYN) is pleased to announce that it signed an agreement for the buyout of the remaining 20% interest of its subsidiary Minera Dynacor del Per�, in compensation for the issuance of a maximum of 2,200,000 shares from its share capital. As per an agreement signed in August 1996, Dynacor already held the mining rights and the ore processing plant of the Acari property through its subsidiary Minera Dynacor del Peru S.A. held at 80% by the Company and 20% by Peruvian shareholders. With this transaction, the Company acquires all of the property's assets. This acquisition is subject to precondition approval of the Toronto Stock Exchange.

HISTORY
The Acari 1 property, located 428 km south of Lima, is made up of one mining claim covering a surface area of 800 hectares. Dynacor also holds an option on four other claims that add up to a further 3,010 hectares. This important property hosts several major veins including the "Principale" and "Carnero" veins, which are visible over 800 metres vertically and are more than 2 km long and have widths of up to 2-3 metres at certain points.

In 2006, the Acari mine generated an operating profit of $988,564 from the 14,312 ounces of gold produced from the custom milling operations. At the end of 2006, the mill capacity was enlarged from 60 to 100 t/day and will be increased again in 2007 in order to process 130 t/day.

OUTLOOK
Dynacor plans to continue increasing the plant's production capacity to reach, in 2008, 25,000 ounces of gold annually by custom milling operations. Since the beginning of 2007, the average gold production from custom milling was 1,713 ounces monthly.

For more information, please contact:

MARC BLAIS, PRESIDENT 
DYNACOR MINES INC. 
450 667-3224 

JEAN MARTINEAU, CHAIRMAN OF THE BOARD
DYNACOR MINES INC.
450 667-3224

RENMARK FINANCIAL COMMUNICATIONS INC.
DANIELLE VELEZ: DVELEZ@RENMARKFINANCIAL.COM
CHRISTINA LALLI: CLALLI@RENMARKFINANCIAL.COM
MEDIA - VANESSA NAPOLI: VNAPOLI@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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