Malaga Inc.: Publication schedule for the new NI 43-101 compliant report on the Pasto Bueno property

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[{"type":"text","content":"\n\n\n\nMalaga Inc. (malaga)\n\n\nSymbol: MLG\n\n\nToronto Stock Exchange (TSX)\n\n\nMONTREAL, Jan. 23 /CNW Telbec/ - Malaga Inc. (TSX: MLG) is pleased to\nannounce its publication schedule for the new 43-101 compliant resource\nestimate for the Company's Pasto property located in the Ancash region of\nPeru.\n\n\nDespite not having been able to meet the initial deadline fixed by the\nregulatory authorities for the publication of 43-101 compliant technical\nreport, Malaga's geologists assisted by Vector Engineering's team are actively\nworking to complete this report. Malaga firmly intends to publish this new\nreport, which will focus on the tungsten resources and reserves at Pasto\nBueno, on its website (www.malaga.ca) and on SEDAR (www.sedar.com) before the\n20th of February 2009, as required by the Canadian authorities.\n\n\nPending the release of this report, the Company cannot certify following\nNational Instrument 43-101 that its Pasto Bueno property contains resources or\nreserves. In the interest of transparency for its shareholders the Company\nwishes to advise that the publication of this new report could have an effect\non the Company's financial results.\n\n\nFinally, Malaga also wishes to underline that despite the fact that it\ncannot certify its resources and reserves under NI 43-101 until the new report\nhas been released, the previous report published in 2006 has enabled Malaga to\nmaintain a constant level of tungsten production since April 2007 and to have\nproduced more than 99,000 MTUs of tungsten trioxide (WO3).\n\n\nABOUT MALAGA INC.\n\n\nMalaga Inc. is a tungsten mining company that uses modern, efficient and\nproductive mining technology. The Company is committed to growth, through\nincreasing its tungsten concentrate production, continuing the exploration of\nthe Pasto Bueno property, and through strategic acquisitions. It also seeks\ndiverse growth opportunities such as developing the hydroelectric potential of\nthe Pasto Bueno property, through Hidropesac, in which the Company holds 44%,\nas well as through its holding in Dynacor Gold Mines Inc., in which the\nCompany owns 13.3%.\n\n\n","length":2200,"tagName":"div"}]

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