MDN Inc. (Toronto:MDN.TO) Announces Q1 Production of 19,606 Oz of Gold – Dominion Lending Centres Clearlease

MDN Inc. (Toronto:MDN.TO) Announces Q1 Production of 19,606 Oz of Gold – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports MDN Inc. (Toronto:MDN.TO) is pleased to report to its shareholders that African Barrick Gold plc (ABG), the project operator at the Tulawaka gold mine in Tanzania, in which MDN has a 30% participating interest, reported first quarter operational results.

— The Tulawaka mine production is in line with expectations for the quarter, at 19,606 ounces of gold — Ongoing drilling at Tulawaka is targeting further mine life extension following the initial mine life extension announced in February — Tulawaka has renewed momentum following the mine life extension

The Tulawaka mine production was in line with expectations for the quarter. There was an 106% increase in tonnes hoisted to surface in Q1 2011 compared to the same period in 2010, Gold production at Tulawaka for the quarter was 19,606, an increase of 34% compared to the prior period of 14,588 ounces. The increase in production was driven by higher grade underground zones being mined over the quarter, as well as a greater proportion of the ore milled in the process plant coming from underground compared to the previous year. The mining performance underground was significantly better than in the prior year period due to the problems with equipment availability in the first part of last year. Cash costs per ounce for the first quarter 2011 increased compared to the prior year period (US$ 738/ounce compared to US$ 558/ounce as at March 31, 2010).

Capital expenditure for the quarter totaled $3.9 million compared to $2.3 million in the prior year period. During the quarter Tulawaka continued to focus on an aggressive exploration drilling program for both the underground and open pit resources in order to extend its mine life beyond 2012. This program was supported by investment in additional mining equipment to increase exploration development and to support further mine life extension. During the quarter, capitalized exploration drilling, expansion capital and sustaining capital each represented $1.3 million of expenditure.

East Zone Underground Extensions

During the quarter, at the Tulawaka East Zone underground, diamond core drilling continued with 4,993 meters drilled out of the planned 12,200 meter program. A second underground rig is being commissioned to increase drilling rates in order to establish the potential for further resource and reserve definition leading to additional mine life extension. The current program is targeting high grade mineralized shoots within Zones 250-500 between Levels 10 and 12, below the current reserves. The initial drill results returned from this program indicate that the mineralization is exhibiting the same characteristics as in the upper levels. The first results returned in March include the following:

— TUGD00305 – 1.5m @ 14.69g/t from 103.5m — TUGD00306 – 3.0m @ 5.62g/t from 105m — TUGD00315 – 1.6m @ 7.81g/t from 74.4m — TUGD00317 – 3.2m @ 23.63g/t from 64.85m — TUGD00322 – 2.5m @ 11.29g/t from 71.0m

Further information with respect to the potential mine life extension at Tulawaka will be released once an updated model and reserve optimization is completed.

The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.

About MDN

MDN Inc. (Toronto:MDN.TO) is a mining exploration and development company exploring and developing projects in Quebec and Tanzania. The Company is also active in the search for new business opportunities that can increase shareholder value. In addition to its 30% interest in the Tulawaka gold mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 757 km(2) in the vicinity of the Tulawaka mine. MDN also has a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource in the Lac-Saint-Jean area of Quebec. MDN has an option to increase its equity participation in Crevier Minerals Inc. to a maximum of 87.5%.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###
MDN Inc. (Toronto:MDN.TO) Announces Q1 Production of 19,606 Oz of Gold – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports MDN Inc. (Toronto:MDN.TO) is pleased to report to its shareholders that African Barrick Gold plc (ABG), the project operator at the Tulawaka gold mine in Tanzania, in which MDN has a 30% participating interest, reported first quarter operational results.

— The Tulawaka mine production is in line with expectations for the quarter, at 19,606 ounces of gold — Ongoing drilling at Tulawaka is targeting further mine life extension following the initial mine life extension announced in February — Tulawaka has renewed momentum following the mine life extension

The Tulawaka mine production was in line with expectations for the quarter. There was an 106% increase in tonnes hoisted to surface in Q1 2011 compared to the same period in 2010, Gold production at Tulawaka for the quarter was 19,606, an increase of 34% compared to the prior period of 14,588 ounces. The increase in production was driven by higher grade underground zones being mined over the quarter, as well as a greater proportion of the ore milled in the process plant coming from underground compared to the previous year. The mining performance underground was significantly better than in the prior year period due to the problems with equipment availability in the first part of last year. Cash costs per ounce for the first quarter 2011 increased compared to the prior year period (US$ 738/ounce compared to US$ 558/ounce as at March 31, 2010).

Capital expenditure for the quarter totaled $3.9 million compared to $2.3 million in the prior year period. During the quarter Tulawaka continued to focus on an aggressive exploration drilling program for both the underground and open pit resources in order to extend its mine life beyond 2012. This program was supported by investment in additional mining equipment to increase exploration development and to support further mine life extension. During the quarter, capitalized exploration drilling, expansion capital and sustaining capital each represented $1.3 million of expenditure.

East Zone Underground Extensions

During the quarter, at the Tulawaka East Zone underground, diamond core drilling continued with 4,993 meters drilled out of the planned 12,200 meter program. A second underground rig is being commissioned to increase drilling rates in order to establish the potential for further resource and reserve definition leading to additional mine life extension. The current program is targeting high grade mineralized shoots within Zones 250-500 between Levels 10 and 12, below the current reserves. The initial drill results returned from this program indicate that the mineralization is exhibiting the same characteristics as in the upper levels. The first results returned in March include the following:

— TUGD00305 – 1.5m @ 14.69g/t from 103.5m — TUGD00306 – 3.0m @ 5.62g/t from 105m — TUGD00315 – 1.6m @ 7.81g/t from 74.4m — TUGD00317 – 3.2m @ 23.63g/t from 64.85m — TUGD00322 – 2.5m @ 11.29g/t from 71.0m

Further information with respect to the potential mine life extension at Tulawaka will be released once an updated model and reserve optimization is completed.

The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.

About MDN

MDN Inc. (Toronto:MDN.TO) is a mining exploration and development company exploring and developing projects in Quebec and Tanzania. The Company is also active in the search for new business opportunities that can increase shareholder value. In addition to its 30% interest in the Tulawaka gold mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 757 km(2) in the vicinity of the Tulawaka mine. MDN also has a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource in the Lac-Saint-Jean area of Quebec. MDN has an option to increase its equity participation in Crevier Minerals Inc. to a maximum of 87.5%.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###MDN Inc. (Toronto:MDN.TO) Announces Q1 Production of 19,606 Oz of Gold – Dominion Lending Centres Clearlease

VANCOUVER, BRITISH COLUMBIA – (April 21, 2011) Clearlease.com Reports MDN Inc. (Toronto:MDN.TO) is pleased to report to its shareholders that African Barrick Gold plc (ABG), the project operator at the Tulawaka gold mine in Tanzania, in which MDN has a 30% participating interest, reported first quarter operational results.

— The Tulawaka mine production is in line with expectations for the quarter, at 19,606 ounces of gold — Ongoing drilling at Tulawaka is targeting further mine life extension following the initial mine life extension announced in February — Tulawaka has renewed momentum following the mine life extension

The Tulawaka mine production was in line with expectations for the quarter. There was an 106% increase in tonnes hoisted to surface in Q1 2011 compared to the same period in 2010, Gold production at Tulawaka for the quarter was 19,606, an increase of 34% compared to the prior period of 14,588 ounces. The increase in production was driven by higher grade underground zones being mined over the quarter, as well as a greater proportion of the ore milled in the process plant coming from underground compared to the previous year. The mining performance underground was significantly better than in the prior year period due to the problems with equipment availability in the first part of last year. Cash costs per ounce for the first quarter 2011 increased compared to the prior year period (US$ 738/ounce compared to US$ 558/ounce as at March 31, 2010).

Capital expenditure for the quarter totaled $3.9 million compared to $2.3 million in the prior year period. During the quarter Tulawaka continued to focus on an aggressive exploration drilling program for both the underground and open pit resources in order to extend its mine life beyond 2012. This program was supported by investment in additional mining equipment to increase exploration development and to support further mine life extension. During the quarter, capitalized exploration drilling, expansion capital and sustaining capital each represented $1.3 million of expenditure.

East Zone Underground Extensions

During the quarter, at the Tulawaka East Zone underground, diamond core drilling continued with 4,993 meters drilled out of the planned 12,200 meter program. A second underground rig is being commissioned to increase drilling rates in order to establish the potential for further resource and reserve definition leading to additional mine life extension. The current program is targeting high grade mineralized shoots within Zones 250-500 between Levels 10 and 12, below the current reserves. The initial drill results returned from this program indicate that the mineralization is exhibiting the same characteristics as in the upper levels. The first results returned in March include the following:

— TUGD00305 – 1.5m @ 14.69g/t from 103.5m — TUGD00306 – 3.0m @ 5.62g/t from 105m — TUGD00315 – 1.6m @ 7.81g/t from 74.4m — TUGD00317 – 3.2m @ 23.63g/t from 64.85m — TUGD00322 – 2.5m @ 11.29g/t from 71.0m

Further information with respect to the potential mine life extension at Tulawaka will be released once an updated model and reserve optimization is completed.

The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.

About MDN

MDN Inc. (Toronto:MDN.TO) is a mining exploration and development company exploring and developing projects in Quebec and Tanzania. The Company is also active in the search for new business opportunities that can increase shareholder value. In addition to its 30% interest in the Tulawaka gold mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 757 km(2) in the vicinity of the Tulawaka mine. MDN also has a 72.5% interest in Crevier Minerals Inc., which owns an NI 43-101 niobium-tantalum resource in the Lac-Saint-Jean area of Quebec. MDN has an option to increase its equity participation in Crevier Minerals Inc. to a maximum of 87.5%.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###



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