MDN Inc.

MDN Inc.

April 30, 2007 14:29 ET

MDN Announces Corporate Changes, Appointment of Mr. Paul-A. Girard as CEO

MONTREAL, QUEBEC--(CCNMatthews - April 30, 2007) - The Board of Directors of MDN NORTHERN MINING ("MDN")(TSX:MDN) is pleased to announce that Mr. Paul-A. Girard has been appointed President and Chief Executive Officer, effective April 30, 2007. Mr. Girard has held the position of Executive Chairman in an acting capacity for the past nine months. During his stewardship, MDN made significant progress through the closing of a strategic investment with GBS Gold International Inc. ("GBS Gold") and the launching of an unprecedented exploration program in Tanzania following four new gold discoveries around the Tulawaka gold mine.

Mr. Girard, who holds the position of Chairman of the Board since 1994, brings over 25 years of experience in the mining sector, including nearly 20 years in the management of mining companies, as well in exploration as in production.

The Board of Directors has also accepted the resignation of Mr. Carlos H. Bertoni as Director of MDN, effective May 24, 2007. Mr. Bertoni will stay as a senior adviser to Dominique Fournier, Ph.D., Vice-President Exploration. "On behalf of MDN's management, I would like to acknowledge the important work achieved in the last five years by Mr. Bertoni. We wish him the best in his future endeavour", stated Paul-A. Girard, Chairman and CEO of MDN.

The Board of Directors consists of five members. At the Annual and Special Meeting of Shareholders to be held on May 24, 2007, the following persons will be proposed for election as Directors of the Company: Paul-A. Girard, Serge Savard, Gil Playford and, as new members, Louis-Marie Riopel and Marcel Bergeron.

Since 2003, Mr. Louis-Marie Riopel has been a partner of Celtis Capital, a consulting firm specialized in mergers and acquisitions. From 1997 to 2003, he was president of Riopel-Devlinco, a consulting firm specialized in business financing and business due diligence. From 1984 to 1997, Mr. Riopel occupied numerous executive positions at Societe generale de financement du Quebec (SGF), including first vice-president and president by interim.

Mr. Marcel Bergeron acts as General Director of Devimco since June 2006, a company specialized in the real estate development. From July 1990 to June 2006, Mr. Bergeron was a partner of Petrie Raymond LLP, chartered accountants. Mr. Bergeron is a member of the Quebec Institute of Chartered Accountants and of the Quebec Institute of Certified Management Accountants.

MDN is a mining exploration company with its head office in Montreal, Quebec. Its main exploration activities are carried out in Tanzania through its participation in the Tulawaka Gold Mine (30%) and a controlling interest in 20 mining permits around Tulawaka, including four new gold discoveries currently under a major drilling program.

Contact Information

  • MDN Northern Mining
    Paul-A. Girard, Chairman & CEO
    Dominique Fournier, Ph.D., Vice-President, Exploration
    Richard Corbo, Corporate Development