Net Income for the 7th Consecutive Quarter

MONTREAL, QUEBEC, Nov 12 (MARKET WIRE) --
MDN Inc. ("MDN")(TSX: MDN) today filed interim financial statements for
the nine-month period ended September 30, 2009. The Management and
Discussion Analysis as well as the interim financial statements are
available on the Company's web site at www.mdn-mines.com and on SEDAR
(www.sedar.com).

The third quarter was marked by investments focused on the development of
assets related to MDN's three sectors of activity, namely: gold
production, gold exploration and the development of mining projects with
strong growth potential. The gold production of the underground mine at
Tulawaka has increased. The drilling programs at Tulawaka underground
mine, as well as on the other properties under the control of MDN in
Tanzania and in Quebec, have generated positive results. Taking advantage
of the increase of activities and the favorable conditions of the gold
market, MDN recorded net earnings for a seventh consecutive quarter, in
spite of the unfavorable fluctuations of the foreign exchange rate
between the Canadian dollar and the American dollar and the increase of
expenses related to its recent investments.

"We are satisfied with the third quarter results and we maintain our
growth plan and our strong balance sheet. Our participation in numerous
well targeted mining events has continued to create interest from key
players in the financial markets" stated Paul-A. Girard, President and
CEO of MDN.

THIRD QUARTER 2009 HIGHLIGHTS

- Revenue of $2,790,286.

- Net income of $737,649 or 0.01 $ per share, including a loss on foreign
currency of $419,909.

- EBITDA was $1,412,674.

- As of September 30, 2009, MDN had over $20 million in available funds,
an amount which is sufficient to ensure its ongoing operations and
planned investments.

- The Tulawaka gold mine in Tanzania produced 29,489 ounces of gold with
an average grade of 8.5 g/t at a recovery rate of 94.2%. MDN's 30%
ownership interest in the Tulawaka gold mine gives it a pro-rata share
equal to 8,847 ounces of gold.

- The total cash costs to produce an ounce of gold in the quarter were
US$375.

- The Tulawaka gold mine sold 28,373 ounces of gold on the spot market at
an average price of US$948 per ounce, representing US$26.9M. The MDN
share (30%) is equal to 8,512 ounces of gold sold or US$8.1M.

- Drilling programs on the property under MDN's control started during
the third quarter, following the announcement of a $1.5M minimum budget,
with the possibility of increasing it up to $3M based on positive
drilling results. A total of 13 drill holes totalling close to 2,837 m
were completed on the Isambara project.

- The Ikungu project and the geochemical soil surveys at 800 meters space
lines have been completed and cover the entire property. MMI ("Mobil
Metal Ion") detailed soil sampling was also undertaken in order to better
define the extensions of the drilling targets already identified. A first
phase of drilling is currently underway on Ikungu.

- At the Tulawaka gold mine, 6,500 meters of underground exploration
drilling program was completed since the beginning of 2009. Additional
drilling and exploration activities have been planned by the operator
following the good results of the initial program.

- The acquisition of the niobium and tantalum project, now named the
Anita Project, will be MDN's priority in the upcoming months for the
geology and metallurgy aspects, as well as its positioning in the
markets. An investment of $3.4M was made to date on the Anita project,
including $1.1 M for the scoping study.

- All Quebec exploration properties are being re-evaluated in order to
fully assess their potential.

- In the context of it normal course issuer bid filed with the Toronto
Stock Exchange on March 24, 2009, and in the course of its normal
activities, the Company during the third quarter purchased 1,131,000
shares at an average cost of $0.57 per share for a total amount of
$646,572.

SUMMARY OF OPERATING RESULTS

For the three months ended September 30, 2009 2009 2008
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(In thousands of dollars, except for amounts per share)

Revenue $2,790 $6,116
Administrative expenses $1,061 $1,016
Foreign exchange gain (loss) ($420) $33
Net income (loss) $738 $5,133
Basic and diluted net earnings (loss) per share $0.008 $0.056
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Weighted-average number of shares outstanding
(in thousands) 94,939 91,580
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SUMMARY OF THE OPERATIONAL RESULTS OF THE GOLD MINE TULAWAKA

For the three months ended September 30, 2009 100% 30% (MDN)
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Gold production (oz) 29,489 8,847
Gold sales (oz) 28,373 8,512
Average sale price / oz ($ US) 948 948
Total revenue (in millions of $ US) 26.9 8.1
Production cost / oz ($ US) 375 375

About MDN

MDN is a mining exploration and development company having adequate
financial resources to develop its very promising projects in Quebec and
in Tanzania and to 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 35
mineral licenses totaling 621 sq km around the Tulawaka gold mine in
Tanzania, and owns a 28.75% interest in a property with a NI 43-101
niobium and tantalum resource located in the Lac St-Jean area of Quebec.

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.

Contacts:
MDN Inc.
Paul-A. Girard
President & CEO
514-866-6500

MDN Inc.
Yves Therrien, CMA
Vice-President, Finance
514-866-6500

MDN Inc.
Richard Corbo
Corporate Development
514-866-6500
www.mdn-mines.com

Sun International Communications
Nicole Blanchard
Managing Partner
450-973-6600
Nicole.blanchard@isuncomm.com
www.suninternationalcommunications.com

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