MDN Inc. (TSX: MDN) Chairman and CEO Requests to Step Down

The Board of Directors of MDN Inc.(TSX:MDN) has accepted Mr. Paul-A Girard's request to step down and retire from his position as Chairman of the Board, President and CEO of MDN, effective immediately, and has appointed Mr. Jacques Bonneau to serve as interim President and CEO of MDN. Mr. Serge Savard, who is a director of MDN, has been appointed as the Chairman of the Board. The Board of Directors has constituted a special committee to find a permanent president and CEO. The special committee is comprised of Messrs. Serge Savard, Jacques Bonneau and Raymond Legault.

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Mr. Serge Savard, spokesman for the Board of Directors, stated: "We would like to sincerely thank Mr. Girard for his valuable contribution to the Company for more than 15 years. Under Mr. Girard's leadership, MDN successfully maintained its 30% interest in the Tulawaka gold mine which is currently contributing profitability and cash flows to the Company, assembled an impressive exploration land package in Tanzania, acquired an interest in a niobium and tantalum deposit in Quebec and brought this Company forward to a solid and strong financial position." Mr. Jacques Bonneau, who will act as interim President and CEO of MDN, has extensive mining experience. Mr. Bonneau has been a director of the board of MDN since 2008 and has worked in the mining industry for 30 years, having held senior positions at Soquem, Falconbridge Copper, Vior-Mazarin and more recently as President and CEO of Mineraux Sequoia Inc., the 50% owner of the niobium Niobec mine, which was later sold to Cambior and then to IAMGOLD Corporation. Mr. Bonneau has a geological engineer degree and a Master of Science degree from Laval University. He is currently a Board Member of Midland Exploration Inc., Mineraux Crevier Inc., a private company and is a consultant for CGE Resources, a Quebec-based Flow-Through Fund.The current Management team of MDN is and will remain supportive of this change in leadership as MDN embarks in an important exploration phase of its extensive properties around the Tulawaka mine in Tanzania. MDN also intends to bring the Niobium and Tantalum Crevier Minerals project through feasibility and production in a fast track manner.

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