Issue of Circular 

TORONTO, ONTARIO - Moydow Mines International Inc. ("Moydow" or the "Company") (TSX:MOY) (AIM:MOY) announces that it has issued a circular to shareholders in connection with the proposed Plan of Arrangement which sets out the basis on which Franco-Nevada will acquire all of the outstanding shares of the Company.

 A special meeting of the Company ("the Meeting")  is to be held be held at the offices of Fasken Martineau DuMoulin LLP, Suite 4200, Toronto Dominion Bank Tower, 66 Wellington Street West, Toronto, Ontario, Canada M5K 1N6 on Friday, January 15, 2010 at 10:00 a.m. (Eastern time) to consider and if thought fit approve the proposed Plan of Arrangement.

A copy of the Circular is available for download from the Company's website: www.moydow.com.

For more information, please contact

Moydow Mines International Inc.
Michael Power
Vice President, Corporate Development
416-703-3751 or Toll Free: 1-877-211-8877
416-367-3638 (FAX)
www.moydow.com

or
Davy Corporate Finance-Nomad
Anthony Farrell
353-1-679-6363