MDN Inc.

MDN Inc.

April 22, 2009 11:04 ET

Paul Gobeil Joins MDN Board of Directors

The Board is strengthened in view of an important investment in Quebec

MONTREAL, QUEBEC--(Marketwire - April 22, 2009) - MDN Inc. (TSX:MDN) announces the appointment of Mr. Paul Gobeil on its Board of Directors. Mr. Gobeil joins a seasoned group of Directors composed of Serge Savard, Jacques Bonneau, Raymond Legault, Robert Getz and the President and Chief Executive Officer, Paul-A. Girard.

Mr. Paul Gobeil, F.C.A. is a recognized member of both Quebec and the international business communities. He is presently a Board member of the National Bank of Canada and acts as President of the Auditing and Risk Management Committee. He also serves on many other Boards including those of Metro, Diagnocure, Yellow Pages Income Fund, Munich Reinsurance Company of Canada, as well as several educational, cultural and charitable organizations. He was also Chairman of the Board of Hydro-Quebec International, Domtar, European Aeronautic Defence and Space (EADS) Canada and Development Canada.

A Fellow of l'Ordre des comptables agrees du Quebec with tenure of the "Advanced Program in Management" of the Harvard Business School, Mr. Gobeil was in Quebec politics from 1985 to 1989 initially as Minister responsible for Government Administration and Chair of the Treasury Board, and subsequently, was Minister of International Relations and contributed to bringing a large number of foreign investments to Quebec.

"We are indeed very proud to welcome Mr. Paul Gobeil to our Board of Directors and are eager to seek his counsel and count on his support at a time when we are investing in an important mining project in Northern Quebec", declared Mr. Paul-A. Girard, MDN's President and Chief Executive Officer. Mr. Gobeil will replace Mr. Louis-Marie Riopel to whom we owe our sincere gratitude for his invaluable contribution to our Company."

About MDN

MDN Inc. (TSX:MDN) is a mining exploration company with its head office in Montreal, Quebec, Canada. Its main assets and exploration activities are in Tanzania, through a 30% interest in the producing Tulawaka gold mine and majority interest in 35 mineral licenses surrounding Tulawaka. An investment in Mineraux Crevier Inc., (MCI) announced on April 14, 2009, confers upon MDN an option to purchase, over a period of three years, a majority holding in MCI, in exchange for the funding of a feasibility study of a niobium and tantalum resource in Quebec. MDN recently reported net earnings of $22.1 million as at December 31, 2008 or $0.24 per share from its share of the gold producing Tulawaka mine in Tanzania. The company currently has a cash reserve of $24 million.

Contact Information