MDN Inc

Published : September 30th, 2010

Outlines Strong Gold Potential at its Ikungu Project

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Keywords :   Gold | Gold Mine | Niobium |

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MDN Inc.
TSX: MDN
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September 30, 2010
MDN Outlines Strong Gold Potential at its Ikungu Project

IKD-45 intersects 8.6 g/t Au over 14.67 m (true width)

MONTREAL, QUEBEC--(Marketwire - Sept. 30, 2010) - MDN Inc. ("MDN") (TSX:MDN) is pleased to report the assay results for five holes (IKD-40, 41, 42, 43 and 45) of the drilling program currently underway on its Ikungu property. The program consists of a total of 5,000 metres of drilling in 13 holes. The primary goal is to demonstrate that the higher grade mineralized zones identified by MDN near surface during earlier drilling programs are continuous to a vertical depth of 300 metres. Seven of the 13 holes have been completed to date.

-------------------------------------------------------------------------
                                                           True          
             Section      From        To  Length(1)   Thickness       Au 
Hole #           (m)       (m)       (m)        (m)         (m)     (g/t)
-------------------------------------------------------------------------
IKD-45        2230mE    122.90    136.15      13.25       10.09      2.41
-------------------------------------------------------------------------
                        136.15    138.70       2.55      Lamprophyre dike
-------------------------------------------------------------------------
IKD-45                  138.70    158.00       19.3       14.67      8.60
-------------------------------------------------------------------------
                                                                         
-------------------------------------------------------------------------
IKD-40        2980mE    394.10    400.10       6.00        4.59      1.13
-------------------------------------------------------------------------
                                                                         
-------------------------------------------------------------------------
IKD-41        2545mE    367.30    372.00       4.70        3.58      2.34
-------------------------------------------------------------------------
IKD-43        3840mE    302.70    307.60       4.90        3.73      1.21
-------------------------------------------------------------------------
                                                                         
-------------------------------------------------------------------------
IKD-39(2)     2650mE    286.00    287.80       1.80        1.37      8.46
-------------------------------------------------------------------------
IKD-39(2)               358.00    360.00       2.00        1.53     19.26
-------------------------------------------------------------------------
1 Note: core length                                                         
2 Reported previously                                                       

A location map and table of detailed assay results can be found on the Company's website at www.mdn-mines.com.

"The results for Hole IKD-45 are very significant, confirming the presence of high-grade zones with impressive thicknesses. We see a parallel between the holes drilled to date and the results of early exploration at the Tulawaka mine, our joint-venture property with African Barrick Gold," said Marc Boisvert, Vice President of Exploration for MDN.

Hole IKD-45 lies in an undrilled 300-m zone to the west of the 2.5-km long gold-bearing structure, and 160 m west of Hole IK04 (6.74 g/t Au/2.42 m) and 240 m east of Hole IKD08 (10.95 g/t Au/1.99m).

Gold values are associated with the presence of sulphides (over 1% in places), namely pyrite, chalcopyrite, pyrrhotite and arsenopyrite, and a network of small, very homogenous, regularly-spaced bluish-grey quartz veins that represent a total of 10% to 20% of the mineralized zone.

In terms of mineralization, gold values are identical to those seen in Hole IKD-39 (19.26 g/t Au/1.53 m). However, in contrast to the mineralization in Hole IKD-39, here we see a zone with a higher number of quartz veins, forming a stockwork (network of veinlets) where more intense, pervasive silicification superimposes and masks the schistosity.

Hole IKD-44 is presently being sampled, and holes IKD-46 and IKD-47 are being drilled.

The samples were analysed by fire assay at the SGS Laboratory of Mwanza, Tanzania, which is certified according to international standards. A rigorous quality analysis verification program implemented by MDN included 10% control samples. The technical and scientific information contained in this press release has been reviewed by Marc Boisvert, engineering geologist and Vice President, Exploration, who acts as a qualified person in accordance with National Instrument 43-101.

About MDN

MDN Inc. (TSX:MDN) is a mining exploration and development company exploring and developing projects in Quebec and Tanzania. MDN is also active in the search for new business opportunities that can increase shareholder value. In addition to its 30% participating interest in the Tulawaka gold mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 703 km(2) in the vicinity of the Tulawaka mine. MDN Inc. also owns a 67.5% interest in Crevier Minerals Inc. which owns an NI 43-101 niobium-tantalum resource in the Lac-Saint-Jean area of Quebec. MDN has an option to increase its equity participation in Crevier Minerals Inc. to a maximum of 87.5%. Additional information is available on MDN's website at www.mdn-mines.com.

Forward-Looking Statements Other than statements of historical fact, all statements in this release that address events or developments that the Company expects to occur are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements are discussed in greater detail in the Company's most recent Annual Information Form filed on SEDAR, which also provides additional general assumptions in connection with these statements. Investors and others who base themselves on the Company's forward-looking statements should carefully consider the factors mentioned in the Annual Information Form as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct, and as such, the forward-looking statements in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

CONTACT INFORMATION:

MDN Inc.
Serge Bureau, Ing.
President and Chief Executive Officer
514-866-6500, Ext. 221

or

MDN Inc.
Marc Boisvert, Ing.
Vice President, Exploration
514-866-6500, Ext. 227

or

Sun International Communications
Nicole Blanchard, Investor Relations
450-973-6600
nicole.blanchard@isuncomm.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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

MDN Inc

PRODUCER
CODE : MDN.TO
ISIN : CA55276L1040
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MDN. is a gold and copper producing company based in Canada.

MDN. holds various exploration projects in Canada.

Its main asset in production is TULAKAWA MINE in Tanzania and its main exploration properties are LAC SHORTT, DES MÉLOIZES, CLAIRY, LE TAC, LESPERANCE, MATAGAMI, MCGOLD and CREVIER in Canada and IKUNGU in Tanzania.

MDN. is listed in Canada. Its market capitalisation is CA$ 5.2 millions as of today (US$ 4.0 millions, € 3.5 millions).

Its stock quote reached its highest recent level on October 11, 1996 at CA$ 2.15, and its lowest recent point on December 24, 2015 at CA$ 0.01.

MDN. has 114 660 000 shares outstanding.

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Financings of MDN Inc
12/21/2007Received $2 Million on Exercise of Warrants
Nominations of MDN Inc
2/23/2010Appoints Serge Bureau as CEO
9/12/2008Marc Boisvert Becomes MDN Inc.-Vice President-Exploration
Financials of MDN Inc
8/9/2013Reports Its Financial Results for the First Quarter of 2013
5/10/2013Reports its Financial Results for the First Quarter of 2013
3/27/2013Reports Its Financial Results for the Fiscal Year Ended Dece...
11/12/2012Reports Its Financial Results for the Third Quarter of 2012
11/12/2012Reports Its Financial Results for the Third Quarter of 2012
11/12/2012Reports Its Financial Results for the Third Quarter of 2012
8/13/2012Reports Its Financial Results for the Second Quarter of 2012
7/23/2012.-Tulawaka 2012 Second Quarter Results
5/11/2012Reports its Financial Results for the First Quarter of 2012
4/19/2012.: Tulawaka First Quarter Results
3/23/2012Reports its 2011 Financial Results
5/26/2011Reports Its Financial Results for the First Quarter of 2011
3/24/2011Reports its 2010 Financial Results
4/1/2010Posts 2009 Financial Results
10/19/2009(Tulakawa Mine)Tulawaka Mine Produces 29,489 Ounces of Gold During the Thir...
7/20/2009(Tulakawa Mine)Tulawaka Mine Produces 24,561 Ounces of Gold during the seco...
11/13/2008Third Quarter Ended 2008
7/16/2008(Tulakawa Mine)TULAWAKA MINE PRODUCES 67,032 OUNCES OF GOLD DURING THE SECO...
4/23/2008(Tulakawa Mine)Produces 62,085 Ounces of Gold During the First Quarter of 2...
1/17/2008(Tulakawa Mine) Tulawaka Mine Achieves Record Gold Production and Strong Fi...
10/17/2007 TULAWAKA MINE PRODUCES 41,817 OUNCES OF GOLD DURING THE THI...
7/25/2007Tulawaka Mine Produces 42,893 Ounces of Gold in the Second Q...
Project news of MDN Inc
10/15/2013(Ikungu)Ikungu Project: MDN Signs a Letter of Intent with Tanzania M...
5/15/2013(Ikungu)Terminates Its Agreement With Metalinvest for the Ikungu Pro...
2/25/2013(Ikungu)Ikungu Project: MDN Signs an Option Agreement With Metalinve...
10/2/2012(Ikungu)Identifies 4 Important Gold Anomalies on its Ikungu Property...
3/14/2012(Ikungu)Acquires Ground at the Ikungu Gold Project in Tanzania
2/9/2012(Crevier)./Update on Metallurgical Work at the Crevier Project: Posit...
2/9/2012(Crevier)./Update on Metallurgical Work at the Crevier Project: Posit...
9/6/2011(Ikungu)Ongoing Investment in Exploration Increases MDN's Interest i...
7/26/2011.: Tulawaka had a 49% Increase in Gold Production During the...
6/14/2011(Crevier)Stakes 98 km2 of Strategic Ground Southeast of Crevier
5/13/2011(Crevier)Seeking a Strategic Partner for the Crevier Project
4/12/2011(Ikungu)Provides an Update on Ikungu and Assesses the Mineral Potent...
2/3/2011(Crevier)Confirms That the Niobium-Tantalum Mineralization Extends Mo...
5/4/2010(Ikungu)The Ikungu Project Continues to ShowGood Gold Intersections ...
5/3/2010(Tulakawa Mine)Exploration Drilling at Tulawaka Mine Identify a New Gold Zo...
3/5/2010(Ikungu)Exploration Update, Ikungu Property, Tanzania
11/6/2009(Isambara) Isambara Project Update: Drill Hole Intersects an Alteratio...
11/2/2009(Tulakawa Mine)Preliminary Results on Tulawaka's Underground Drilling
7/28/2009(Isambara)Operational Update: Drilling Program has Begun at Isambara
2/26/2009(Ikungu)High-Grade Gold Samplings for Ikungu Project
1/27/2009(Tulakawa Mine) Tulawaka Gold Mine Achieves Record production of 211,373 ou...
9/15/2008 Proves Extensions to the High-Grade Zones at Isambara
5/22/2008(Tulakawa Mine): First Results of the 2008 Isambara Drilling Program
4/2/2008(Tulakawa Mine)Tulawaka Gold Mine expects to produce 180,000 ounces of gold...
Corporate news of MDN Inc
3/16/2016MDN Lists on the TSX Venture Exchange
3/4/2016IIROC Trade Resumption - MDN
3/4/2016MDN Signs a LOI for the Acquisition of the Argor Niobium Dep...
3/4/2016IIROC Trading Halt - MDN
2/19/2016MDN Terminates Prairie Lake Option
1/11/2016IIROC Trade Resumption - MDN
1/11/2016MDN Inc.: XINYE Intends to Proceed With JV in Tanzania
1/11/2016IIROC Trading Halt - MDN
9/8/2015IIROC Trade Resumption - MDN
9/8/2015MDN Signs an Agreement for a Joint Venture on the Ikungu Pro...
9/8/2015IIROC Trading Halt - MDN
4/16/2015MDN Receives Cash From Dispute Settlement
2/24/2015MDN Acquires 20 Blocks of High Grade Niobium Claims in Ontar...
1/30/2015MDN Inc.: Start of Drilling Program on Samaqua
12/15/2014MDN Inc.: Update on the Exploration Program on Samaqua
10/15/2014MDN Identifies Three Large Exploration Targets on Samaqua
10/6/2014MDN Welcomes Positively the Change of Partner in the Crevier...
8/19/2014MDN Announces the Start of the Exploration Program on Samaqu...
7/15/2014MDN Announces Closing of Private Placement
6/18/2014MDN Announces an Exploration Program on the Samaqua Property
6/12/2014Jean-Sebastien David and Claude Dufresne are Joining the Boa...
5/14/2014MDN Inc.: Ikungu East Exploration Results Update
5/12/2014Claude Dufresne Appointed President and Chief Executive Offi...
3/31/2014MDN Inc. Reports Increasing Evidence of a Large Gold-Bearing...
4/26/2013Metalinvest Requests an Extension for Payment of the Initial...
2/13/2013Announces Tulawaka Year-End 2012 Operational Results
1/28/2013Corporate Restructuring Focused on Exploration in Tanzania
10/26/2012.: Tulawaka 2012 Third Quarter Results/Focus on Mine Life Ex...
9/11/2012(Ikungu).: Presence of a Volcanic Belt of More Than 15 km on Ikungu ...
8/23/2012Confirms Discovery on Nikonga
3/6/2012. Receives Payment of US $6.17 Million
2/28/2012(Mcgold)and SOQUEM Demonstrate That Gold Mineralization at the MCGol...
2/16/2012Announces Tulawaka Year-End 2011 Operational Results
1/26/2012Begins Drilling at the Nikonga Project in Tanzania
1/18/2012.: Fourth Quarter Operation Results at the Tulawaka Gold Min...
8/4/2011Reports its Financial Results for the Second Quarter of 2011...
4/21/2011Announces First Quarter Production of 19,606 Ounces of Gold ...
2/16/2011Announces Tulawaka Year-End 2010 Operational Results
2/16/2010 Increases its Participation in Mineraux Crevier to 67.5%
12/16/2009Announces Important Changes to Senior Management
11/12/2009Net Income for the 7th Consecutive Quarter
10/21/2009 Provides an Update on Anita
8/13/2009Net Income of $1,153,330 or $0.012 Per Share
6/2/2009Confirms an Investment in a Niobium and Tantalum Deposit
5/25/2009Corporate Update of MCI's Acquisition Project
5/15/2009Net Income of $794,214 or $0.01 Per Share
12/18/2008 Provides Corporate Development Update
9/19/2008Overwhelming Acceptance Rate For MDN's Warrant Exchange Offe...
9/4/2008Warrant Exchange Offer Extended
8/12/2008NET EARNINGS OF $6.6 MILLION OR $0.073 PER SHARE
8/1/2008Announces a Warrant Exchange Offer
6/5/2008Shareholders Approve the Shareholders Rights Plan
5/15/2008Net Earnings of $1.8 Million or $0.02 Per Share
4/23/2008Adopts Shareholder Rights Plan
10/3/2007DISCOVERY OF A NEW MINERALIZED ZONE ON ISAMBARA
9/11/2007Retains the Services of Evolution Group
8/23/2007Acquisition in Normetal Area-Abitibi
8/3/2007Tanzanian Royalty Receives Assay Results From MDN for Mnezek...
5/24/2007Northern Mining Explorations Ltd. Changes its Name to MDN IN...
5/16/2007First Drilling Phase Completed With Success on Isambara
4/4/2006(Isambara)First drilling in Eritrea
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Produces Gold
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