Malaga inc. appoints a new board member
Montr�al, Qu�bec, December 20, 2007 - Malaga Inc. (TSX: MLG) is pleased to announce the appointment of Mr. Denis V. Lachance, eng., to the Company's Board of Directors.
Mr. Lachance has more than 25 years of experience in the mining sector. In September 2006, he was appointed Vice President of Operations, Raglan, for Xstrata Nickel. He was also appointed to both the Board of Directors of Xstrata Nickel and the Board of Xstrata's Koniambo Nickel. Although Mr. Lachance has retired from these positions, he remains an active mining consultant.
Prior to September 2006, Mr. Lachance held several important positions. Among them, in June 2006, he was elected President of the Board of the Quebec Mining Association. He was also the Director of the Noranda Technology Center, Director of the Perseverance and Lady Loretta Feasibility Studies for Noranda inc.-Zinc group, as well as a Project Manager and Mines General Manager for Noranda Inc. Mr. Lachance has also worked for companies such as Agnico-Eagle Mines Ltd., Falconbridge Copper, and Lac Minerals.
"We are pleased to welcome Mr. Lachance to our Board." said Jean Martineau, Chairman of the Board and President and CEO of Malaga Inc. "His vast experience in the mining sector and his management expertise as well as the breadth of his Boardroom experience will clearly greatly assist us in successfully reaching our full potential."
Iv�n Quiroz Nu�ez, Vice President Operations, Peru
Malaga would like to correct an error made in a previous press release, dated September 26, 2007. In that press release, the Company named Ivan Quiroz Nunez Vice President of Exploration. In fact, Mr. Nunez's correct title is Vice President Operations, Peru.
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%, as well as through its holding in Dynacor Gold Mines inc., in which the company owns 13.3%.
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