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MDN Inc.
TSX:MDN
Other Recent News

April 22, 2008
MDN: Tulawaka Mine Produces 62,085 Ounces of Gold During the First Quarter of 2008

Record gold production exceeds guidance

MONTREAL, QUEBEC--(Marketwire - April 22, 2008) - MDN Inc. ("MDN") (TSX:MDN) is pleased to announce that the Tulawaka Gold Mine in Tanzania produced 62,085 ounces of gold during the first quarter ended March 31, 2008. Tulawaka gold production now amounts to 505,065 ounces since the beginning of operations in March 2005.

For the first quarter, 51,763 ounces of gold were sold into the spot market at an average price of US$920 for total sales of US$47.6M. Since the beginning of operations in March 2005, a total of 484,927 ounces of gold were sold.

In the very short term, the threshold of 500,000 ounces of gold will be reached, which will enable MDN to attain a key objective, being the final payment of the royalty payable on the gold price.

During the first quarter, the plant facilities processed 87,598 tons of ore at an average grade of 23.3 g/t gold and at a gold recovery rate of 94.48%. Total cash costs averaged US$181 to produce an ounce of gold during this quarter.

"We are very pleased with the results of the first quarter, said Paul-A. Girard, President and CEO of MDN. It is an important step in our growth strategy and the realization of our financial goals."

For the first quarter, its participation in the Tulawaka Gold Mine generated US$8.4M; this amount was entirely applied to the payment of the gold price participation royalty and to the reimbursement of the loan. After the cash distribution to the JV participants (MDN 30% - Pangea Goldfields 70%), the Tulawaka Gold Mine has a cash balance of US$28.8M.

"We are now completing the financial statements for the first quarter of 2008, said Yves Therrien, CMA, Vice-President Finance of MDN. The publication of our results in mid-May will provide an update on the financial situation of MDN with regards to the debt and the royalty on the price of gold."

The Tulawaka project is a joint-venture between MDN (30%) and Pangea Goldfields Inc. (70%), a wholly owned indirect subsidiary of Barrick Gold Corporation and project operator through its Tanzanian subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.

MDN is a mining exploration company with its head office in Montreal, Quebec (Canada). Its main exploration activities are carried out in Quebec through gold and base metal interests and in Tanzania through a majority interest in 28 adjacent mineral licenses in addition to a 30% participation interest in the Tulawaka Gold Mine and the new acquisition in Ikungu area.

CONTACT INFORMATION:

MDN
Paul-A. Girard
President & CEO
514-866-6500

or

MDN
Yves Therrien, CMA
Vice-President, Finance
514-866-6500

or

MDN
Richard Corbo
Advisor, Corporate Development
514-866-6500
www.mdn-mines.com

or

Evolution Group
Sylvain Archambault
President & CEO
514-448-4887 / Toll Free: 866-703-4887
s.archambault@evolutiongrp.com
www.evolutiongrp.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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Dans les médias de MDN Inc
29/01/2013MDN shifts focus, funds to Tanzania assets
26/07/2011African Barrick/MDN Tulawaka gold mine ups output 49% in H1
Rapports annuels de MDN Inc
2008 Annual Report
Financements de MDN Inc
21/12/2007Received $2 Million on Exercise of Warrants
Nominations de MDN Inc
04/06/2013Announces Election of Directors
23/02/2010Appoints Serge Bureau as CEO
12/09/2008Marc Boisvert Becomes MDN Inc.-Vice President-Exploration
Rapports Financiers de MDN Inc
10/05/2013Reports its Financial Results for the First Quarter of 2013
27/03/2013Reports Its Financial Results for the Fiscal Year Ended Dece...
12/11/2012Reports Its Financial Results for the Third Quarter of 2012
12/11/2012Reports Its Financial Results for the Third Quarter of 2012
12/11/2012Reports Its Financial Results for the Third Quarter of 2012
13/08/2012Reports Its Financial Results for the Second Quarter of 2012
23/07/2012.-Tulawaka 2012 Second Quarter Results
11/05/2012Reports its Financial Results for the First Quarter of 2012
19/04/2012.: Tulawaka First Quarter Results
23/03/2012Reports its 2011 Financial Results
07/11/2011Reports its Financial Results for Q3 2011 Profitable Third Q...
26/05/2011Reports Its Financial Results for the First Quarter of 2011
24/03/2011Reports its 2010 Financial Results
18/01/2011(Tulakawa Mine)Fourth Quarter Results at the Tulawaka Gold Mine
09/11/2010MDN Reports its Financial Results for the Third Quarter
01/04/2010Posts 2009 Financial Results
19/10/2009(Tulakawa Mine)Tulawaka Mine Produces 29,489 Ounces of Gold During the Thir...
20/07/2009(Tulakawa Mine)Tulawaka Mine Produces 24,561 Ounces of Gold during the seco...
29/04/2009(Tulakawa Mine)Tulawaka Mine Produces 20,493 Ounces of Gold During the Firs...
13/11/2008Third Quarter Ended 2008
22/10/2008(Tulakawa Mine)Tulawaka Mine Produces 53,694 Ounces of Gold During the Thir...
16/07/2008(Tulakawa Mine)TULAWAKA MINE PRODUCES 67,032 OUNCES OF GOLD DURING THE SECO...
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15/05/2013(Ikungu)Terminates Its Agreement With Metalinvest for the Ikungu Pro...
25/02/2013(Ikungu)Ikungu Project: MDN Signs an Option Agreement With Metalinve...
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13/05/2011(Crevier)Seeking a Strategic Partner for the Crevier Project
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12/10/2010(Mcgold)and SOQUEM Start Drilling on the MCGol =?ISO-8859-1?Q?d=20Pr...
30/09/2010(Ikungu)Outlines Strong Gold Potential at its Ikungu Project
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05/03/2010(Ikungu)Exploration Update, Ikungu Property, Tanzania
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26/02/2009(Ikungu)High-Grade Gold Samplings for Ikungu Project
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15/09/2008 Proves Extensions to the High-Grade Zones at Isambara
22/05/2008(Tulakawa Mine): First Results of the 2008 Isambara Drilling Program
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Communiqués de Presse de MDN Inc
26/04/2013Metalinvest Requests an Extension for Payment of the Initial...
13/02/2013Announces Tulawaka Year-End 2012 Operational Results
28/01/2013Corporate Restructuring Focused on Exploration in Tanzania
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11/09/2012(Ikungu).: Presence of a Volcanic Belt of More Than 15 km on Ikungu ...
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04/08/2011Reports its Financial Results for the Second Quarter of 2011...
21/04/2011Announces First Quarter Production of 19,606 Ounces of Gold ...
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13/08/2009Net Income of $1,153,330 or $0.012 Per Share
02/06/2009Confirms an Investment in a Niobium and Tantalum Deposit
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22/04/2009Paul Gobeil Joins MDN Board of Directors
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24/03/2009Launches a Normal Course Issuer Bid
18/12/2008 Provides Corporate Development Update
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06/10/2008SHARE CAPITAL UPDATE
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04/09/2008Warrant Exchange Offer Extended
12/08/2008NET EARNINGS OF $6.6 MILLION OR $0.073 PER SHARE
01/08/2008Announces a Warrant Exchange Offer
05/06/2008Shareholders Approve the Shareholders Rights Plan
15/05/2008Net Earnings of $1.8 Million or $0.02 Per Share
23/04/2008Adopts Shareholder Rights Plan
03/10/2007DISCOVERY OF A NEW MINERALIZED ZONE ON ISAMBARA
11/09/2007Retains the Services of Evolution Group
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03/08/2007Tanzanian Royalty Receives Assay Results From MDN for Mnezek...
24/05/2007Northern Mining Explorations Ltd. Changes its Name to MDN IN...
16/05/2007First Drilling Phase Completed With Success on Isambara
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TORONTO (MDN.TO)
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