MONTREAL,
QUEBEC--(Marketwire - Feb. 23, 2010) - The Board of Directors of MDN
(TSX:MDN) is pleased to announce the appointment of Mr. Serge Bureau as
President, CEO and director. Mr. Bureau's main corporate objectives
will be to increase the visibility of the company, grow its gold assets
by acquisitions and positive exploration results and supervise the
feasibility study of the niobium and tantalum project.
Mr. Bureau holds a geological engineer degree and a Master of Science
degree in Geology from the University of Quebec in Chicoutimi. He has
worked in the mining industry for 30 years including 25 years in gold
mining operations.
From 1994 to 2008, Mr. Bureau held managerial positions at Barrick Gold
Corporation in North America, South America and Russia. In North
America, Mr. Bureau, as Manager Mining Engineering and Geology, was
responsible for the long term mine planning of the underground
operations.
In Peru, he was directly involved in the development, feasibility and
construction of the Las Larguas Norte mine, which produced over 800,000
ounces of gold annually. In the Dominican Republic, Mr. Bureau was a
key member of the feasibility study team of the Pueblo Viejo project,
one of the most important gold projects under development in the world.
Mr. Bureau started his career in Quebec with Soquem and later worked
with Lac Mineral Ltd. Amongst other achievements, he was involved in
the development of the Bousquet 1, Bousquet 2 and Doyon mines. In May
2008, Mr. Bureau co-founded Mineraux Crevier Inc. and, as its
President, led the marketing, financing and managerial strategies of
the Company. Mr. Bureau is a member of the Ordre des Ingenieurs du
Quebec (OIQ).
Mr. Serge Savard, Chairman of the Board, stated: "We feel very
fortunate to benefit from the leadership, entrepreneurship and vast
experience of Mr. Bureau. This nomination should ensure the appropriate
positioning of MDN in the mining industry and in capital markets."
MDN at PDAC
MDN Management will display at PDAC's Coreshack with its niobium and
tantalum core and maps on Tuesday March 9 and Wednesday March 10 at
booth #5005 B. The team will also be available for meetings at booth
2614B during the same two days.
About MDN
MDN Inc.(TSX:MDN) is a mining exploration and development company with
adequate financial resources to develop its promising projects in
Quebec and in Tanzania. MDN also remains active in the search for new
business opportunities that can raise shareholder value. In addition to
its 30% participation in the Tulawaka Gold Mine, MDN is the operator
and owner of a majority interest in mineral licenses totalling 621 sq.
kms. around the Tulawaka gold mine in Tanzania. The company also owns a
67.5% interest in Mineraux Crevier, which owns a property with an NI
43-101 niobium and tantalum resource located in the Lac St-Jean area of
Quebec. MDN has an option to increase its equity participation in
Mineraux Crevier up to 87.5%. Additional information is available on
MDN's website at www.mdn-mines.com.
Forward looking statements
All statements in this release, other than statements of historical
fact, that address events or developments that the Company expects to
occur, are forward looking statements. Although the Company believes
the expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in
forward looking statements. Factors that could cause the actual results
to differ materially from those in forward-looking statements are
discussed in greater detail in the Company's most recent Annual
Information Form filed on SEDAR, which also provides additional general
assumptions in connection with these statements. Investors and others
who base themselves on the Company's forward-looking statements should
carefully consider the factors mentioned in the Annual Information Form
as well as the uncertainties they represent and the risk they entail.
The Company believes that the expectations reflected in those
forward-looking statements are reasonable, but no assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this press release should not be
unduly relied upon. These statements speak only as of the date of this
press release.
|