Resource Capital Fund V L.P. Acquires Securities of Malaga Inc.

DENVER, June 9 /CNW/ - Resource Capital Fund V L.P. ("RCF V") announces that on May 6, 2010 it acquired 16,666,666 units ("Units") and 16,666,667 subscription receipts ("Subscription Receipts") of Malaga Inc. ("Malaga") pursuant to a private placement (the "Private Placement"). Each Unit consists of one common share and one common share purchase warrant (each a "Warrant"). Each Subscription Receipt is exercisable into an additional Unit of Malaga. The Units and the Subscription Receipts were acquired at a purchase price of CDN$0.15 per Unit and per Subscription Receipt representing an aggregate purchase price of CDN$5million. Prior to the Private Placement RCF V did not hold any securities of Malaga.

Following the Private Placement, the common shares owned by RCF V represented 10.14% of the issued and outstanding common shares of Malaga. Assuming the exercise of the Warrants, the Subscription Receipts and the Warrants received on the exercise of the Subscription Receipts RCF V will have acquired 66,666,666 common shares, or 31.09% of the issued and outstanding common shares of Malaga.

The Units of Malaga were acquired by RCF V for investment purposes. Depending upon market conditions and other factors that RCF V may deem material to its investment decisions, additional shares may be purchased in the open market or in private transactions. Depending on these same factors shares currently owned (or hereafter acquired) by RCF V may be sold in the open market or in private transactions.

SOURCE Resource Capital Fund V L.P.

For further information: For further information: For additional information concerning the foregoing or a copy of the Early Warning Report referred to in this release, please contact: Brian Dolan, RCF Management L.L.C., Tel: (720) 946-1444


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