TZM Tanzania Minerals Corp (delisted)

MDN Inc. ("MDN")(TSX:MDN) is pleased to announce the signature of a letter of
intent with Tanzania Minerals Corporation ("TZM"), pursuant to which MDN is
granting an option to TZM to acquire a 50% undivided interest in its interest in
the prospecting licences of the Ikungu property to TZM. The Ikungu property
covers 17.9 km2 and lies 17 km southwest of Musoma and 135 km northeast of
Mwanza, Tanzania's second largest city.


To acquire such 50% undivided interest in MDN's interest in the Ikungu property,
TZM must invest $US 12 million in exploration expenditures over a four-year
period. (The "Option Period") commencing on the date on which the definitive
agreement is entered into, as follows in periods:


- A minimum amount of $US 3,000,000 during the first year to earn 12.5% (the
"First period"); 


- Provided that the First period has been exercised, an additional amount of $US
3,000,000 during the second year to earn an additional 12.5% (the "Second
period"); 


- Provided that the Second period has been exercised, an additional amount of
$US 3,000,000 during the third year to earn an additional 12.5% (the "Third
period"); and 


- Provided that the Third period has been exercised, an additional amount of $US
3,000,000 during the fourth year to earn an additional 12.5%. 


To secure the LOI, MDN received a non-refundable cash payment in the amount of
$200,000. The payment will be held in escrow by MDN until both parties execute
the definitive agreement. Such amount will be credited towards the $3,000,000 to
be incurred by TZM during the first year of the Option once the definitive
agreement is executed. 


Marc Boisvert, president and CEO of MDN said, "The Ikungu Project became
recently one of the most advance projects in Tanzania with a mineral gold zone
that definitely justify further drilling. We are very pleased to be working with
Kal and the professional team at TZM that already know and understand Tanzania
environment".


TZM and MDN shall use their best efforts to complete and execute the definitive
agreement on or before November 30, 2013, unless otherwise agreed by the
parties. MDN will be the operator for the work programs during the Option
Period.


The work done to date shows that the Ikungu gold mineralization occurs at the
contact of two geological domains, with a series of pillow basalts with
intercalated sediments to the north and a series of pillow basalts and gabbroic
sills to the south. The gold mineralization is particularly associated with a
grey-blue quartz vein network contained in a highly-silicified, sulphide-rich
replacement zone. 


This stratigraphic setting is similar to the geology of the Bulyanhulu mine in
Tanzania. Among other things, the Bulyanhulu mine is characterized by its narrow
structure, with an average width of 2 to 4 metres and vertical continuity to a
depth of more than 2 km. 


Potential Resources 

A total of 53 holes have been drilled to date along the four kilometre-long
Ikungu structure. These holes have identified a two kilometre-long by 300-metre
deep mineralized zone. Drilling has delineated four higher-grade zones with a
minimum horizontal thickness of two metres. These zones are formed around the
gold intersections in the following holes: IKD-45 (8.6 g/t Au over 14.78 m)
drilled on Section 2230mE, IKD-48 (3.11 g/t Au over 9.50 m) drilled on Section
2830mE, IKD-51 (3.39 g/t Au over 7.05 m) drilled on Section 3190mE and IKD-36
(13.22 g/t Au over 4.62m) drilled on Section 3610mE. Note intersections are
horizontal thickness. 


About TZM (TSX VENTURE:TZM)

Tanzania Minerals Corp. is an emerging junior exploration company trading on the
TSX Venture Exchange. The company has an extensive portfolio of projects in
Tanzania and is currently focused on gold exploration. 


About MDN 

MDN Inc. (TSX:MDN) is a mining exploration and development company with
properties in Quebec and Tanzania. In Tanzania, MDN has a 30% working interest
in the Tulawaka gold mine, as well as several gold exploration projects. In
Quebec, MDN holds a 72.5% interest in Crevier Minerals Inc., which owns an NI
43-101 niobium-tantalum resource that is presently undergoing a feasibility
study. 


Marc Boisvert, President and Chief Executive Officer of MDN, is a qualified
person as defined in National Instrument 43-101. He has reviewed the scientific
and technical information in this news release.


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Forward-Looking Statements Other than statements of historical fact, all
statements in this release that address events or developments that the Company
expects to occur are forward-looking statements. Although the Company believes
that the expectations expressed in such forward-looking statements are based on
reasonable assumptions, including, but not limited to, investment by TZM of the
amounts required in exploration expenditures to acquire an interest in the
Ikungu property, including the $3,000,000 planned for the first year. Such
statements are not guarantees of future performance, and actual results may
differ materially from those in the 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 as such, the forward-looking statements in this press release should not be
unduly relied upon. These statements speak only as of the date of this press
release


FOR FURTHER INFORMATION PLEASE CONTACT: 
Marc Boisvert, P. Eng.
President and Chief Executive Officer
MDN Inc.
514 866-6500, Ext 221
mboisvert@mdn-mines.com
www.mdn-mines.com

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