MDN Inc.
TSX : MDN

MDN Inc.

July 11, 2007 15:51 ET

MDN Withdraws From Eritrea

MONTREAL, QUEBEC--(Marketwire - July 11, 2007) - MDN (TSX:MDN) announces its decision to withdraw from Eritrea effective immediately. This decision follows a directive from the Government of Eritrea not to grant the Haykota exploration permit in respect of which MDN was waiting for a formal authorization since December 2003.

The Haykota application constituted one of the primary reasons for the continued presence of MDN in Eritrea, but now MDN intends to focus its attention on its activities in Tanzania and in north of Quebec (Canada).

MDN is a mining exploration company with its head office in Montreal, Quebec. Its main exploration activities are carried out in Quebec and Tanzania. In addition to its 30% participating interest in the Tulawaka Gold Mine, MDN holds a controlling interest in 20 mining permits around Tulawaka, including four gold projects which are currently undergoing a significant drilling program.

Contact Information

  • MDN
    Paul-A. Girard
    President and CEO
    514-866-6500
    or
    MDN
    Dominique Fournier, Ph.D.
    Vice president, Exploration
    514-866-6500
    or
    MDN
    Richard Corbo
    Corporate Development
    514-866-6500
    www.xnord.com