TIDMMML 
 
Medusa Mining Limited 
 
                              Exercise of Options 
 
Medusa Mining Limited ("Medusa Mining" or "the Company") announces that it has 
today issued options over 150,000 ordinary shares of nil par value in the 
Company ("Options") to the Company's investor relations consultant in Canada. 
The Options have been issued in part consideration for services and the issue of 
the Options was approved by shareholders at the Company's Annual General Meeting 
on 17 November 2010. 
 
The Options are exercisable at a price of $4.40 per share and shall expire on 
18 November 2013. 
 
 
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 
 
 Financial Adviser and 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#1463701] 
 
 
 
 
 
 
 
 
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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