MML Medusa Mining

    Appointment of Nomad and Joint Brokers
             



                                                MEDUSA MINING LIMITED
                                                  ABN: 60 099 377 849

                                            Unit 7, 11 Preston Street
                                                       Como  WA  6152

                                                           PO Box 860
                                             Canning Bridge  WA  6153

                                           Telephone:  +618-9367 0601
                                           Facsimile:  +618-9367 0602

                                    Email:  admin@medusamining.com.au
                                    Internet: www.medusamining.com.au

18 February 2008


                        MEDUSA MINING LIMITED
                             (AIM: MML)

         Appointment of Nominated Adviser and Joint Brokers


Medusa Mining Limited ("Medusa" or the "Company"), the Australian
based company operating and developing gold mines in the Philippines,
announces that it has appointed Fairfax I.S. PLC as Nominated Adviser
to the Company with immediate effect.  In addition, the Company has
appointed Fairfax I.S. PLC and Mirabaud Securities Limited as joint
brokers to the Company, also with immediate effect.

For further information contact:


Medusa Mining Limited                   +61 8 9367 0601
Geoffrey Davis, Managing Director
Roy Daniel, Finance Director

Fairfax I.S. PLC                        +44 (0)20 7598 5368
Adam Hart / Ewan Leggat

Mirabaud Securities Limited             +44 (0)20 7321 2508
Peter Krens / Alex Wood

Bankside Consultants                    +44 (0)20 7367 8888
Michael Padley / Louise Davis

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