MML Medusa Mining

 
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 
                                                Internet:www.medusamining.com.au 
 
                                                                    ANNOUNCEMENT 
 
                                                                 06 October 2010 
 
                        CONFIRMATION OF DIVIDEND PAYMENT 
 
Further  to the announcement on 1 September 2010, the Directors of Medusa Mining 
Limited  ("Medusa" or the "Company")  are pleased to advise  that at the general 
meeting  of members held  this morning the  resolution was unanimously passed to 
amend the Company's Constitution to remove the restriction that dividends can be 
paid only out of profits of the Company. 
 
Accordingly,  the Board  confirms an  unfranked dividend  payment of  A$0.05 per 
share  which will be paid out of the  Company's operating cash flow, and not out 
of the profits of the Company. 
 
The relevant dates for the dividend are as follows: 
 
 Dividend Record Date                      : 15 October 2010 
 
 Ex-Dividend Date (ASX and AIM purposes)   : 11 October 2010 
 
 Ex-Dividend Date (TSX purposes)           : 12 October 2010 
 
 Dividend Payment Date                     : 8 November 2010 
 
 
There is no foreign conduit income attributed to the dividend. 
 
Managing Director, Geoff Davis said: 
"It  is with  a sense  of satisfaction  that the  Board regards today as being a 
milestone in the Company's growth as it has become a dividend payer. This is the 
culmination  of nearly seven years  of work since listing  in December 2003 as a 
small  explorer with  a market  capitalisation of  A$5 million. Based on today's 
share  price  in  a  high  gold  price  environment,  the  Company  has a market 
capitalisation of approximately A$1 billion. This is certainly an achievement of 
which all stakeholders in Medusa can be proud. 
 
The  Company  considers  the  payment  of  this  dividend  an appropriate way of 
rewarding the loyalty and commitment of its shareholders." 
 
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/ Broker 
 
 Ewan Leggat/Laura Littley 
 
 
 Lothbury Financial Services Limited         +44 (0)20 7868 2010 
 
 Michael Padley/Libby Moss 
 
 
 Canada 
 
 Nicholas Sayce, Investor Relations          +1 416 822 4404 
 
 
 
 
[HUG#1449431] 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Medusa Mining Ltd via Thomson Reuters ONE 
 

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