Diagnos Inc.

Diagnos Inc.

February 27, 2008 11:52 ET

DIAGNOS Announces the Sale of Two Base Metals Properties in Chibougamau to MDN Inc.

BROSSARD, QUEBEC--(Marketwire - Feb. 27, 2008) - DIAGNOS inc. ("DIAGNOS" or the "Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence ("AI") and advanced knowledge extraction techniques, is pleased to announce the acquisition of the West Barlow and the East Barlow properties in Chibougamau by MDN Inc.

MDN Inc. has exercised its option to acquire a 100% undivided interest in the properties, subject to a 2% Net Smelter Return (NSR) royalty payable to DIAGNOS, by making a cash payment of $120,000.

Additionally, in the event of making an economic discovery on these properties, MDN Inc. shall be obligated to pay a bonus of $250,000 in shares. Also a 2% NSR will be granted to DIAGNOS. MDN Inc. will have the option to acquire 1% of this NSR for $1,000,000 any time within five years of the economic discovery.

"New technologies remain a must in our exploration efforts. However, DIAGNOS' CARDS system is more than a new technology; it represents the future in exploration," stated Paul-A. Girard, Chairman of the Board & CEO of MDN Inc. Michel Fontaine, Vice-President - Business Development of DIAGNOS, stated that "We are proud to work with individuals that have shown in the past a determination and perseverance. Our CARDS system will become the standard reference in order to predict high probability targets in the mining industry."


DIAGNOS' 20-person multidisciplinary team includes professionals in geophysics, geology; artificial intelligence, mathematics, as well as, remote sensing and image interpretation. DIAGNOS' scientific team is complemented by an experienced administrative, marketing, and sales staff to support the Corporation's expanding client base. In addition to data mining and target generation, DIAGNOS acquires and sells mineral properties and offers project management consulting services. This horizontal integration makes DIAGNOS, the leader in its sector of industry.

For further information, please visit our Website at www.diagnos.ca. The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the exploration success rate of mining and oil and gas companies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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