MDN Inc.
TSX : MDN

MDN Inc.

March 10, 2005 15:44 ET

NORTHERN MINING: Tulawaka Gold Mine 2005 Outlook


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NORTHERN MINING EXPLORATIONS LTD.

TSX SYMBOL: MDN

MARCH 10, 2005 - 15:44 ET

NORTHERN MINING: Tulawaka Gold Mine 2005 Outlook

MONTREAL, QUEBEC--(CCNMatthews - March 10, 2005) - MDN NORTHERN
MINING.(TSX:MDN)(Explorations MINIERES du NORD Ltee) is pleased to
report on a summary of the projected parameters for the 2005 production
from the Tulawaka gold mine in Tanzania. These projections have been
provided to the joint venture by the project operator, Pangea Minerals,
which is a wholly owned subsidiary of Barrick Gold Corporation and holds
a 70% participation in the project. The Tulawaka mine is due to begin
commercial production in March 2005.



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Tulawaka mine projected operating and financial parameters for 2005
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Ore milled tonnes 347,000
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Gold grade g/t Au 10.31
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Recovery % 94.9
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Production oz Au 109,184
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Total cash cost US$/oz Au 207
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The Indicated Mineral Resources (in-pit, undiluted) of the East Zone
deposit at 31st December 2004 are currently reported by Pangea to be
1,903,000 tonnes at a grade of 11.30 g/t Au containing 691,000 oz. gold
at a cut off grade of 1.0 g/t. The orebody appears to be a continuous
unit, with limited potential upgrading of inferred material based on the
existing drilling.

The 2003 Feasibility Study declared Proven and Probable Mineral Reserves
to be 1,416 million tonnes at 11.54 g/t Au for 525,000 oz. Detailed mine
planning was conducted at the end of 2004, to optimise the Tulawaka mine
plan, due to the increased gold price and new information. The work was
based upon a revised interpretation of the East Zone orebody model in
conjunction with infill development drilling done in November 2004. It
is now estimated that the Proven and Probable Mineral Reserves for the
East Zone pit are 1,394 million tonnes at a grade of 12.19 g/t Au
containing 546,000 ounces of gold.

Pangea is currently engaged in an exercise to further optimise the pit
design. Together with recent drilling results, this evaluation may
result in a change to the estimated reserves in the near future.
Optimisation work to date has proved a very robust pit shell size
relative to gold price.

A study for the potential underground resources below the planned East
Zone is currently underway with initial results anticipated for the
second quarter of 2005. Further work will depend upon the results of
this study. Work is also underway to examine the potential of the West
Zone pit orebody located 5 km west of the current East Zone pit. Results
from this are expected during the 2nd quarter of this year. A
development strategy for extending reserves beyond the known East Zone
pit is also underway.

NORTHERN MINING is a Montreal-based Canadian exploration company that
holds a 30% interest in the Tulawaka gold mine and a majority interest
in 20 adjacent licences in Tanzania, a majority interest in four
properties in Eritrea, and other gold and base metal exploration
interests in Quebec, Canada.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    NORTHERN MINING
    Paul-A. Girard
    Chairman
    (514) 866-6500
    or
    NORTHERN MINING
    Carlos H. Bertoni, M.Sc., P.Geo
    C.E.O.
    (514) 866-6500
    or
    NORTHERN MINING
    C. Tim Williams, Ph.D.
    C.O.O.
    (514) 866-6500
    info@xnord.com
    www.xnord.com