TIDMMML 
 
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 <mailto:admin@medusamining.com.au> 
      Internet:  www.medusamining.com.au <http://www.medusamining.com.au/> 
 
 
                                                                    ANNOUNCEMENT 
 
                                                                     10 May 2010 
 
 
 
                             Medusa Mining Limited 
                          ("Medusa" or the "Company") 
 
                               Holding in Company 
 
Medusa  has been informed today  that Sprott Asset Management  LP ceased to be a 
substantial  shareholder in the Company  on 6 May 2010.  Therefore, Sprott Asset 
Management LP now has an interest in less than 5% of the issued share capital of 
the Company. 
 
 
For further information please contact: 
 Australia 
 
 Medusa Mining Limited                     +61 8 9367 0601 
 
 Geoffrey Davis, Managing Director 
 
 Roy Daniel, Finance Director 
 
 
 United Kingdom 
 
 Fairfax I.S. PLC                          +44 (0)20 7598 5368 
 
 Nominated Adviser and Broker 
 
 Ewan Leggat/Laura Littley 
 
 
 Lothbury Financial Services               +44 (0)207 868 2567 
 
 Michael Padley/Libby Moss 
 
 
 
 
[HUG#1414339] 
 

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