Malaga Inc.; senior management changes within the company

Montr�al, Qu�bec, September 26, 2007 - The Board of Directors of Malaga Inc. (TSX: MLG) wishes to report the following changes in the management of the Company

Malaga is pleased to announce that Mr. Ivan Quiroz Nunez has been appointed Vice President of Exploration.  Mr. Quiroz Nunez is a mining engineer and metallurgist, and a member of the Collegio de Ingenieros del Per�, having graduated from the National University of Engineering in Lima, Peru in 1981.  Prior to joining the Company, he has worked with several important mining companies in Peru, specifically in regards to mineral and metal extraction practices.  Ivan Quiroz has been an Associate Professor since 1986 at the National Engineering University in Lima where he teaches a course on mineral extraction processes.  From 1996 to 1999, he has acted as Technical  director of Dynacor Mines Inc., now named Malaga Inc.  From 1999 to today, he held an active role as General Manager and Director of the Company, having overseen projects at the Acari, Pasto Bueno and Tumipampa properties.

Malaga also wishes to welcome to the Company Mr. Pierre Monet as Chief Financial Officer.  Prior to joining Malaga, Mr. Monet was Vice President Finance, Administration and Treasurer of Iron Ore Company of Canada (a subsidiary of Rio Tinto). From 2000 until 2002, he was Vice President and Chief Financial Officer of Avestor LLP (high technology). Prior, from 1995 until 2000, Mr. Monet was Vice President Finance of Alliance Forest Products Inc., a public company listed on the TSX and NYSE. Alliance was later on bought by Bowater. From 1984 to 1995, he worked for Raymond Chabot Martin Par�. He holds a Bachelor in Business Administration from the Hautes Etudes Commerciales and is a member of the Chartered Institute of Canadian Accountants.

Mr. Marc Blais, former President, has resigned from the Company.  Mr. Blais has served Malaga (formerly named Dynacor Mines Inc.), as President for more than 14 years.  He has played a key role in the success and growth of the Company.  As the spin off of the Company's gold assets is almost complete, he now believes the time has come to pursue other personal and professional goals and interests. In the interim, Jean Martineau, Chairman of the Board & CEO, will be acting President until the Board can find a suitable replacement. The Board wishes to thank Mr. Blais for his years of dedication and hard work, and for his determination in making Malaga a recognized producing company in Peru.

COMPANY PROFILE
Malaga is a mining company, which owns and operates through its subsidiaries, a tungsten mine and gold plant with mining and exploration activities focused in Peru. It holds 100% interest, and operates the Pasto Bueno tungsten mine. In addition, the Company holds 44% interest in the Peruvian company called Hidropesac. This corporation operates the hydroelectric potential of the Pasto Bueno property.

Malaga focuses on efficient and productive mining practices, in order to optimize current operations. The Company is committed to growth, through increasing its production levels, continuing exploration projects on existing properties and through strategic acquisitions. It also seeks diverse growth opportunities such as the hydroelectric potential through Hidropesac.

For more information, please contact:

Jean Martineau
Chairman of the Board & CEO, President 
Malaga Inc.                                                              
450 667-3224                                                                                  
Christina Lalli
Investor Relations
Malaga Inc.
450 922-6199