MML Medusa Mining

TIDMMML

RNS Number : 6914Q

Medusa Mining Limited

24 October 2011

Medusa Mining Limited

("Medusa Mining" or "the Company")

24 October 2011

INVESTOR PRESENTATION

Medusa Mining announces an updated Investor Presentation which the Company will present in Sydney commencing 24 October 2011. The Investor Presentation will be available on the Company's website, http://www.medusamining.co.au, shortly or can be accessed through the following link:

http://www.rns-pdf.londonstockexchange.com/rns/6914Q_-2011-10-24.pdf

Outlined below are Competent Persons' Consents in relation to resource and reserve information which appears in the Investor Presentation.

Medusa Mining Limited

Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Mr Geoff Davis, who is a member of The Australian Institute of Geoscientists. Mr Davis is the Chairman of Medusa Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Davis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Cube Consulting Pty Ltd

Information in this report relating to Mineral Resources has been estimated and compiled by Mark Zammit of Cube Consulting Pty Ltd of Perth, Western Australia. Mr Zammit is a member of The Australasian Institute of Mining & Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Zammit consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Carras Mining Pty Ltd

Information in this report relating to Ore Reserves is based on information compiled by Dr Spero Carras of Carras Mining Pty Ltd. Dr Carras is a Fellow of the Australasian Institute of Mining & Metallurgy and has 30 years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Dr Carras consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Contacts:

Australia

Medusa Mining Limited

Peter Hepburn-Brown

Managing Director

+61 8 9367 0601

Medusa Mining Limited

Geoff Davis

Chairman

+61 8 9367 0601

admin@medusamining.com.au

http://www.medusamining.com.au

United Kingdom

Fairfax I.S. PLC

Financial Adviser and Broker

Ewan Leggat/Laura Littley

+44 (0)20 7598 5368

This information is provided by RNS

The company news service from the London Stock Exchange

END

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