MOY Moydow Mines

RNS Number:8353S
Moydow Mines International Inc
22 April 2008




Moydow Amends Joint Venture with Concord on the Dala Diamond Project


FOR IMMEDIATE RELEASE


April 21, 2008



Toronto, Ontario: Moydow Mines International Inc. ("the Company") announces that
it has agreed with Concord Minerala LLC ("Concord") to terminate their joint
venture with respect to the Dala Diamond Project ("Project") in Angola in
exchange for issuing to Concord 4,000,000 common shares of the Company at a
price of Cdn$0.20 per share.  The Company had entered into an agreement with
Concord, a private Nevada company, whereby the Company would transfer its
interest in the Project to a joint venture company formed with Concord, and
Concord would fund exploration expenditures on the Project.  The Company and
Concord agreed not to proceed with this joint venture structure and to issue
shares to Concord to compensate it for the expenditures it incurred on the
Project.  The Company now holds a 40% interest in the Project with Empressa
Nacional De Diamantes De Angola (Endiama), the Angolan state diamond mining
company, holding a 51% interest and Cimader-Comercio Geral Limitada (Cimader), a
local Angola company, holding a 9% interest.  The Dala Diamond Project, located
near Saurimo in north-east Angola, comprises 3,000 square kilometres.


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 AIM market 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
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