MOY Moydow Mines

RNS Number:4148W
Moydow Mines International Inc
04 January 2006



FOR IMMEDIATE RELEASE                                       January 3, 2006


Moydow Acquires Kimberlite Licence on Dala Project in Angola


Toronto, Ontario: - Brian Kiernan, President and CEO of Moydow Mines
International Inc, announced today that Moydow has signed an agreement with the
Angolan state diamond company, Endiama, to explore for kimberlitic or primary
diamonds on the Dala Licence in Angola.

The Dala Licence comprises some 3000 square kilometres and is located in the
Lunda Sul province of Angola, bordered to the north by the town of Saurimo.  The
project is also bordered to the west and east by the BHP/Petra Diamonds' Alto
Cuilo and Muriege diamond properties, respectively and is 40 kilometres south of
the Catoca Mine, the world's fourth largest diamondiferous kimberlite pipe.

Moydow has been active in Angola since 2004 when it obtained the rights to
exploit alluvial diamonds on the Dala Licence.  During the course of the
alluvial exploration on the property, mounting evidence pointed to the existence
of kimberlitic bodies within the licence area.  In September 2005 the Company
flew an aeromagnetic survey of the licence area which identified several
anomalies which are considered prospective.  It is in these areas that Moydow
will concentrate its exploration efforts in the coming months.

Mr Kiernan said " We are extremely excited about this new phase of our work in
Angola.  The Dala Licence is probably one of the most prospective areas for
kimberlitic diamonds in the whole country, and we are exploring aggressively on
the property.  We have already prioritised several targets for ground based
follow up work and we expect that we will be drilling in the next several
months.  Already the indications are that there is the potential for some very
significant kimberlitic bodies on the property."

Under the terms of the agreement, Moydow and its strategic partner, Concord
Minerals LLC will hold a combined 40% interest in the kimberlite licence.
Endiama will have a 51% interest and the balance will be held by the local
Angolan partner.

Moydow Mines is engaged in the acquisition, exploration and development of
mineral properties worldwide.  Corporate information is available on the
Company's website www.moydow.com.  Moydow Mines International Inc is listed on
the Toronto Stock Exchange and the Alternative Investment Market in London under
the symbol "MOY".


For further information please contact Michael Power, Vice President, Corporate
Development at 416-703-3751.


"Signed"
Brian Kiernan
President & CEO




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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