RNS Number:5609U
Moydow Mines International Inc
06 April 2007



                  Moydow Announces Closing of Debt Settlement



FOR IMMEDIATE RELEASE


April 5, 2007


Toronto, Ontario: Moydow Mines International Inc. ("The Company") announces that
it has closed a private placement of 9,547,186 common shares of the Company at a
price of Cdn$0.20 per share in settlement of US$1,624,500 of debts owed for
loans made to the Company in 2006.


Of this total, 750,404 shares were issued to Mr. Brian Kiernan, the President
and Chief Executive Officer of the Company, and 8,796,782 shares were issued to
a Mr. Laszlo Toth of Miskolc, Hungary, a private investor.  As a result of this
transaction, Mr. Toth now holds 13,389,868 shares, being a 24.1% interest in the
Company.  Mr. Toth does not contemplate further acquisitions of shares at this
time.


The transaction reduces the Company's debt load and is expected to free up
working capital for the Company's projects in Ghana, Sierra Leone and Angola and
for general corporate purposes.


Annual Financial Statements and MD&A


The Company has filed its 2006 Audited Consolidated Financial Statements,
Management's Discussion and Analysis of Financial Condition and Operating
Results and its Annual Information Form on SEDAR.  The reports are also posted
on the Company's website.


The Company is engaged in the acquisition, exploration and development of
mineral properties worldwide.  Corporate information is available on the
Company's website www.moydow.com  The Company is listed on the Toronto Stock
Exchange and the Alternative Investment Market (AIM) of the London Stock
Exchange under the symbol "MOY".  For further information please contact Michael
Power, Vice President, Corporate Development at 416-703-3751.


On behalf of the Board of Directors


"Signed"

Brian Kiernan, President and Chief Executive Officer


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

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