MDN Inc.
TSX : MDN

MDN Inc.

April 12, 2007 14:50 ET

NORTHERN MINING Explorations Ltd.: Gil Playford Joins MDN's Board of Directors

MONTREAL, QUEBEC--(CCNMatthews - April 12, 2007) - MDN NORTHERN MINING ("MDN") (TSX:MDN). Mr. Paul-A. Girard, Chairman of the Board of Directors of MDN, is pleased to announce the appointment of Mr. Gil Playford as a Director of the Company, effective April 9, 2007.

Mr. Playford brings to the company more than 35 years of experience in business management. He has been the Chairman, Chief Executive Officer and President of GBS Gold International Inc. since its formation in August of 2005. Prior to joining GBS Gold, he was the Executive Chairman of Terra Gold Mining Limited. He joined GrafTech International Ltd., a NYSE listed manufacturer of natural and synthetic graphite and carbon products in June 1998, serving as its Chief Executive Officer and President, and as its Chairman from September 1999, until his retirement in February 2005.

From June 1996 until June 1998, Mr. Playford was the President and Chief Executive Officer of LionOre Mining International Ltd., a company that he helped develop and grow, through acquisitions and exploration success, into one of the western world's top ten nickel producers listed on the London, Toronto, Australia and Botswana stock exchanges. Mr. Playford is currently Deputy Chairman of LionOre, where he is also Chairman of the Human Resources, Nomination and Governance Committee and a member of the Audit Committee. He joined Union Carbide in 1972 and held various management positions, including Vice President, Principal Financial Officer and Treasurer, Corporate Vice President for Strategic Planning and Chief Executive Officer positions in various Union Carbide subsidiaries, including subsidiaries in Canada, Germany and Belgium, until he resigned in January 1996. He holds a Bachelor of Engineering degree from McGill University and an MBA from York University, Ontario, Canada. He is also the Chairman of Symmetry Holdings Inc., an AMEX listed special purpose acquisition company, where he is also a member of the Audit Committee.

"We are delighted to welcome Gil Playford. His remarkable career, solid business and financial background and skills will be a valuable addition to the MDN Board of Directors," stated Mr. Girard.

MDN's Board of Directors has recently accepted the resignation of Mrss. David Fennell and Anthony P. Walsh as directors of the Company. MDN's Board of Directors is currently composed of four members: Mrss. Paul-A. Girard, Gil Playford, Serge Savard and Carlos Bertoni. MDN will announce shortly the appointment of an additional member to fill the vacancy on its Board of Directors.

Exercise of warrants and options

Furthermore, MDN is please to announce that it has received since January 1st, 2007, an amount of over $3.3 million pursuant to the exercise of outstanding warrants and options. MDN expects to receive by the end of April an additional amount of one million dollar trough the exercise of outstanding warrants held by an institutional investor.

MDN NORTHERN MINING is a Montreal-based Canadian exploration company that holds a 30% interest in the Tulawaka gold mine (Tanzania), a majority interest in 20 adjacent mineral licenses in Tanzania, a majority interest in one license in Eritrea, and other gold and base metal exploration interests in Quebec, Canada.

Contact Information

  • Northern Mining
    Paul-A. Girard
    Executive Chairman
    514-866-6500
    or
    Northern Mining
    Dominique Fournier, Ph.D
    Vice-President Exploration
    514-866-6500
    or
    Northern Mining
    Richard Corbo
    Corporate Development
    514-866-6500
    info@xnord.com
    www.xnord.com