Frequently Asked Questions

Why invest in MDN?

1. MDN is listed on the Toronto Stock Exchange and enjoys good trading volumes and liquidity.
2. MDN’s vision is to become a major exploration company as well as a growing gold producer, maximizing shareholder value through a well-defined strategy.
3. Our recent success and excellent financial results related to exploration and production activities can support strong growth.
4. A significant proportion of the company is owned by knowledgeable institutional investors. Management and directors control about 13% of the fully diluted share capital.
5. The company is managed by an experienced and successful team that puts all its efforts on major exploration programs having strong growth potential.
6. MDN is also a gold producer and received in 2009 substantial revenues from the Tulawaka mine, which will assure the company’s continuity in the long term. The Tulawaka mine is managed by our JV partner, African Barrick Gold, the world’s largest gold producer.
7. The company has assembled a first-rate portfolio of projects in Tanzania, including four gold projects which are currently undergoing a significant drilling program.

Does MDN INC. intend to pay dividends?

We do not plan to pay dividends to our shareholders in the near future, although this issue is reviewed regularly.

Who should I contact in case of a change of address, share transfer, lost certificate or duplicate mailings?

Please contact our registrar/transfer agent, Computershare at: www.computershare.com.

Why do you invest in Tanzania?

We invest in this country because of its excellent geological potential and its opportunity for an exceptionally rewarding investment. Tanzania is still relatively under explored by modern prospecting techniques and thus offers a higher probability of new mineral discoveries.

Is Tanzania safe place to work?

We consider this country to be relatively safe and our field teams have had no problems in this regard. Since 1996, date of the first investment by MDN, no major incidents happen.

Does the Company produce gold?

No, our joint venture partner in the Tulawaka mine, Pangea Minerals (a subsidiary of African Barrick Gold) is the mine operator and the direct gold producer. We receive dividends related to our share of the production.

How many producing mines are there in Tanzania?

Tanzania has become the third largest gold producer in Africa, boasting six modern mines: Geita, Bulyanhulu, North Mara, Golden Pride, Buzwagi and Tulawaka.

How do you help the Tanzanian population in the Tulawaka area?

We believe our main contribution is in the creation of wealth from mineral resources that have no value if they remain unexploited. Wealth translates into job creation, education and training, infrastructure development and an improved living environment for all communities located away from major urban centres. MDN further contributes directly to surrounding communities through cash donations and through physical improvements, including drilling of artesian wells, organization of children’s activities, etc. The Tulawaka mine (MDN/African Barrick Gold) further contributes by assisting in the construction of new permanent infrastructure, such as dispensaries, community halls, food markets, etc. In addition to a number of other charitable activities.