Malaga Inc.

Published : September 26th, 2007

senior management changes within the company

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Keywords :   Canada | Gold | Growth | Iron | Peru | Tungsten |

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

RENMARK FINANCIAL COMMUNICATIONS INC.
BARBARA KOMOROWSKI: BKOMOROWSKI@RENMARKFINANCIAL.COM
TINA CAMERON: TCAMERON@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 : Canada | Peru | All
Gold and Silver Prices for these countries : Canada | 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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