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

Malaga Inc. announce its publication schedule for the new 43-101 compliant resource estimate for the Company’s Pasto property located in the Ancash region of Peru.

Despite not having been able to meet the initial deadline fixed by the regulatory authorities for the publication of 43-101 compliant technical report, Malaga’s geologists assisted by Vector Engineering’s team are actively working to complete this report. Malaga firmly intends to publish this new report, which will focus on the tungsten resources and reserves at Pasto Bueno, on its website and on SEDAR before the 20th of February 2009, as required by the Canadian authorities.

Pending the release of this report, the Company cannot certify following National Instrument 43-101 that its Pasto Bueno property contains resources or reserves. In the interest of transparency for its shareholders the Company wishes to advise that the publication of this new report could have an effect on the Company’s financial results.

Finally, Malaga also wishes to underline that despite the fact that it cannot certify its resources and reserves under NI 43-101 until the new report has been released, the previous report published in 2006 has enabled Malaga to maintain a constant level of tungsten production since April 2007 and to have produced more than 99,000 MTUs of tungsten trioxide (WO3).