MDN Acquires Ground at the Ikungu Gold Project in Tanzania

MONTREAL, QUEBEC--(Marketwire - March 14, 2012) - MDN Inc. ("MDN") (TSX:MDN) is pleased to announce that it has acquired the entire control of a 133.33 km² area to the east of its Ikungu property in Tanzania. The request for the prospecting licences was been granted to MDN by the United Republic of Tanzania Ministry of Energy and Minerals.

MDN's geological compilation of available information and interpretation of data suggests that the Ikungu gold-bearing structure continues towards the east. The new ground acquisition will enable MDN to explore an additional 15 km along the interpreted eastern extension of the Ikungu structure.

This new property covers a large portion of the area between Ikungu and the active artisanal gold mine at the Magarombe site, located on trend with the Buhemba colonial high-grade gold mine which produced 393,000 tonnes at 12 g/t Au.

"This new acquisition allows MDN to take control of the area around the Ikungu advanced drill program, making MDN one of the most important mining titles owner in that sector of the Tanzania." said Marc Boisvert, Ing., MDN's Vice President of Exploration.

About MDN

MDN Inc. (TSX:MDN) is a mining exploration and development company exploring and developing projects in Quebec and Tanzania. The company is also active in the search for new business opportunities that can increase shareholder value. As well as holding a 30% participating interest in the Tulawaka gold mine, MDN has also discovered gold in Tanzania at the Ikungu property, where four high-grade gold zones have been identified. MDN Inc. also owns a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource in the Lac-Saint-Jean area of Quebec. MDN has an option to increase its interest in Crevier Minerals Inc. to 87.5%. Additional information is available on MDN's website at www.mdn-mines.com

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