Mineral Deposits Limited

Mineral Deposits Limited

May 22, 2009 16:30 ET

Mineral Deposits Limited: First Tonne of Gold Poured at Sabodala

MELBOURNE, AUSTRALIA--(Marketwire - May 22, 2009) - Mineral Deposits Limited (TSX:MDM)(ASX:MDL) is pleased to announce that over one tonne of gold (32,151 ounces) has been poured at the Sabodala Gold Mine in Senegal, west Africa since start-up of full production in early April. This milestone is a credit to the entire team at Sabodala.

The plus US$220 million project is now processing material above the nominal mill capacity of 2 million tonnes per year.

"The Managing Director, Jeff Williams, said the one tonne milestone is a tremendous achievement for all shareholders and has set the foundation for 2009 and beyond."

The company expects to produce 160,000 ounces in calendar 2009 at a cash operating cost of between US$420-440 per ounce.

The Sabodala Gold Mine is operated through Sabodala Gold Operations SA which is 10%-owned by the Government of the Republic of Senegal and 90%-owned by MDL.

ABN 19 064 377 420

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