Company Information for Moydow Mines Int'l Inc

TSX-MOY; AIM-MOY

www.moydow.com

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Company Statement

Moydow Mines International Inc. is an international exploration company with primary interests in precious and industrial minerals and diamonds. Exploration activities are focused principally in Africa (Ghana, Angola, and Sierra Leone).

Moydow Mines' common shares are listed on both the Toronto Stock Exchange and the AIM Market of the London Stock Exchange (symbol "MOY").

Current Operations

Dala, Angola
Alluvial diamonds
On October 1 2004, Moydow announced that it had signed an agreement to conduct exploration for alluvial diamonds in Angola. The Company is party to two separate exploration projects with the same partners on the Dala property in Angola, relating to the exploration for alluvial and kimberlite diamonds.

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 personnel established a base camp centrally on the licence and completed an airborne geophysics survey over the property. This survey was done by the Council for Geoscience (formerly the Geological Survey of South Africa) and identified about 70 targets on the property which warrant follow-up work.

21 priority targets have been identified for the drill program.

The company continues to evaluate the alluvial potential of the concession and a washing plant has been operational since January 2008.

Moydow has mobilized a drill rig to Angola for a drilling campaign on the Dala project. A contract for 5,000 metres has been signed with an option to drill an additional 5,000 metres. The programme envisages core drilling to an average depth of 120 metres using both HQ and NQ size core. These large core sizes will yield a sample sufficient enough to assess the diamond potential.

Kimberlite diamonds
On December 16, 2005, the Company signed another agreement with Endiama and Cimader to explore for kimberlite (primary) diamonds on the Dala licence. Under the terms of the agreement, the Company can earn 40% interest in the licence with the remaining percentages held by Endiama and Cimader.

The Company reported on June 16, 2008 that the Company intersected kimberlite in its first drill hole. The Company is undertaking a 5,000 metre drilling programme. The Dala licence is adjacent to the Petra Diamond Limited's Alto Cuilo property.

Hwidem, Ghana
The Hwidem project is a 25sq km gold exploration licence in the Brong Ahafo region of Ghana.

On November 23, 2007, the Company was granted a one-year extension to its prospecting licence with respect to the Hwidem property by the Minister for Lands, Forestry and Mines in Ghana.

Geology - The project adjoins the Kenyase-Ntotoroso area currently under lease to Rank Mining Company Limited, a subsidiary of Newmont. It is bordered to the South and North by two large prospecting licences which are owned by Goldfields.

The geology on the project area is almost identical to that of the Ntotoroso deposit which Moydow discovered and in particular is in the same suite of rocks which held the Zone E deposit.

Work to Date - Work on the property has included geophysics, soil geochemistry, geological mapping and rock sampling. The results of these studies have confirmed a geological and mineralisation scenario identical to that at Ntotoroso.

Future Plans - Because of the proximity of multi-million ounce deposits, Hwidem has been assigned a top priority in the 2005 Exploration budget. Remapping of the project as well as a second pass of geophysics will be done to compliment the planned drilling. It is anticipated that results will start to come through in the next several months. The prospect will initially be drilled with short RAB holes to test the bedrock and deep drilling will be used to follow up any anomalous values.

Ntotoroso Royalty, Ghana
On December 8, 2003, the Company sold its wholly owned subsidiary to Newmont Mining Corporation (Newmont).

The Company entered into a royalty agreement, whereby the Company acquired the right to a net smelter return royalty of 2% on all recovered ounces of gold and silver produced from the Ntotoroso property after the first 1,200,000 gold equivalent ounces in consideration for $250,000.

Port Loko, Sierra Leone
The Company, on July 14, 2008 closed a transaction whereby the Company's 50% interest in the Port Loko bauxite exploration licence in Sierra Leone has been sold to a private company for purposes of accelerated development.

Geographical Spread

Ghana, Sierra Leone and Angola

Board of Directors and Key Management

Noel P. Kiernan - Chairman

Brian P. Kiernan - President & Chief Executive Officer

Michael E. Power - Vice-President & Secretary

J. Joseph (Joe) Breen - Chief Operating Officer

Mr. Richard Linnell - - Non-executive Director

Mr. Albert Gourley - - Non-executive Director

Rosemary (Roma) G. O'Mongain - Chief Financial Officer

Company Address

74 Haddington Road
Dublin 4, Ireland


Telephone:	(353) 1 667 7611
Facsimile:	(353) 1 667 7622
Email:	info[at]moydow.com
Website:	http://www.moydow.com

Additional Address/Key Contact

Toronto Office
Suite 1220,20 Toronto Street
Toronto, Ontario
Canada, M5C 2B8
Tel: (416) 703 3751
Fax: (416) 367 3638

Capital

28,964,382 shares outstanding

Annual General Meeting

June

Year End

31 December

Nominated Brokers

Davy Stockbrokers

Nominated Advisors