Pasto Bueno: Drilling Reveals New Tungsten Mineralized Zones

Montr�al, Qu�bec, November 13, 2007 - Malaga Inc. (TSX: MLG) is pleased to report that recent drilling data from its Pasto Bueno property confirms the presence of new tungsten (WO₃) mineralized zones. According to Alonso Sanchez, Malaga's chief geologist "these results are very encouraging since they support the idea that most of the tungsten mineralization at Pasto Bueno is to be found within the intrusive body itself."

He further states that the findings are particularly significant since: 1) the data suggests that mineralization extends from the currently exploited Huaura zone right across a north-south 1,100 meters transect, to the previously mined Maria Ofelia zone, located on the other side of the mountain; and 2) the data shows that WO₃ mineralized structures extend from the peripheral zones right into the core of the intrusive body. This result had never been demonstrated before and is very important since previously it was thought that tungsten-mineralized zones at Pasto Bueno were only located at the lithological contact zone - the interface between the intrusive body and the overlying rock.

Current tungsten mining and processing operations at Pasto Bueno are located in the Huaura zone and the main vein that is being mined is the Consuelo vein. Current mining operations at Pasto Bueno were restarted in October 2006. 

Drilling Results
The 2007 drilling campaign at Pasto Bueno began in May 2007 and 4 holes have been completed representing a total length of 1,733 meters. The primary objective of the 2007 drilling campaign was to investigate possible extensions of the known areas of tungsten mineralization: a) in the Pt-2 area located between the Huaura zone and Maria Ofelia sector located 1,100 meters to the south on the other side of the mountain; and b) to demonstrate that WO₃ mineralized structures extend from the periphery right into the core of the intrusive body.

Hole HHD1
The first drill hole was laid approximately 600 meters south of the current Huaura mining operation site. The drill pad was located at a height that is equivalent to the Level 9 shaft at Huaura, and is 500 meters north of the Maria Ofelia zone.

The hole was drilled to a depth of 400.05 meters. It crossed a first vein, thought to be an extension of the main Consuelo vein, at a depth of 230.1 meters. This intersection measured 1.63 meters with an average grade of 3.12% WO₃ over 1.24 meters. The second intersection occurred at a depth of 271.75 meters, where it crossed the Consuelo Vein over 5.23 meters with an average grade of 0.43 % WO₃ over 1.38 meters.

Hole HHD2
This second drill hole was laid 850 meters south of Huaura and 250 meters north of the Maria Ofelia zone. The drilling pad was located at a height equivalent to Huaura Level 11.

The total length of this drill hole was 364.15 meters. The first intersection occurred at a depth of 203.38 meters crossing the Consuelo Vein over 1.17 meters with an average grade of 0.11% WO₃.

A second intersect occurred at a depth of 324.85 meters, where a secondary vein named "Consuelo Piso" was encountered with an average grade of 0.14% WO₃ over 1.60 meters.

Hole HHD3
This third hole (277.7 meters long) was drilled below the former mining zone of Maria Ofelia.

The first intersection occurred at a depth of 169.95 meters where it crossed the Consuelo Piso vein, and contained 0.01% WO₃ over 1.25 meters. A second intersect occurred at a depth of 196.42 meters crossing the Consuelo vein which is also referred to as the Maria Ofelia vein in this zone. The intersect had a average grade of 0.03% WO₃ over 1.58 meters.

Hole HHD4
The fourth drill hole (691.7 meters long) was laid 600 meters south of Huaura and 500 north of the Maria Ofelia zone.

Once again, the Consuelo Vein was intersected at a depth of 460.45 meters with a width of 1.73 meters. An average grade of 0.80% WO₃ over 1.50 meters was found within this intersect.

In conclusion, the above drilling results confirm that tungsten mineralization:

• Extends from the currently exploited Huaura zone right across the north-south transect to the previously mined Maria Ofelia zone.
• Is found deep within the intrusive body and not only in the surface areas as was previously thought. This would suggest that significant tungsten   mineralization at Pasto Bueno is present in the mineralized structures found within the intrusive body itself.

Furthermore, it should be underlined that with respect to the drilling data at Pasto Bueno, it is important to bear in mind that the mineralized structures are quite erratic (for instance WO₃-rich zones adjacent to WO₃-depleted zones and pinch and swell structures and lenses are commonly encountered). Exact quantification of WO₃ resources by drilling alone is therefore quite difficult and exploratory excavation work is also necessary.

Malaga also wishes to report on new exploratory excavation work at the Pasto Bueno mine site, in the Huaura sector, located some 600 meters north from the drilling campaign area. The work consists of excavating new underground drifts, access crosscuts and vertical chimneys in order to further the exploration of levels 11 and 12 of the mine which are located within the intrusive body. A series of 57 samples were taken from three tungsten-bearing veins (Consuelo, Alonso and Maria Luisa) that were intersected in various points by the newly excavated areas. These tungsten-bearing zones can be readily visually identified on the walls of the newly excavated underground accesses. Tungsten grades ranged from 0.45% to 8.02% WO₃ and the average grade for all 57 samples was 2.15%. Since all of the samples were taken from within the intrusive body this study clearly demonstrates that WO₃ mineralization occurs within the intrusive rock, which opens new potential for mineralization.

The current drilling campaign is ongoing and further drill results will be announced by way of press release, as soon as available.

All chemical analyses were done by ALS CHEMEX laboratories in Lima and samples for tungsten was analysed by the ME-XRF-10 method.

Iv�n Quiroz, General Manager and Director, is a mining engineer and metallurgist, and a member of the Collegio de Ingenieros del Per�. He is the "Qualified Person" and is responsible for the technical information contained in this press release. Thus, Mr. Quiroz can testify to the precision and exactitude of the data and the mining and geological knowledge of the Pasto Bueno property as required by National Instrument 43-101 and its annexes with respect to the reporting and content of this press release.

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 S.A., in which the Company holds 44%.

FORWARD-LOOKING INFORMATION
Certain statements in the foregoing may constitute forward-looking statements, which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Malaga, or industry results, to be materially different from any future result, performance or achievement expressed or implied by such forward-looking statements. These statements reflec t management's current expectations regarding future events and operating performance as of the date of this news release.

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 

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