MML Medusa Mining

 
TIDMMML 
 
MEDUSA MINING LIMITED 
 
                  RESULTS OF ANNUAL GENERAL MEETING 
At today's  Annual  General  Meeting of  Medusa  Mining  Limited  all 
resolutions put to the meeting of shareholders were passed. 
Outlined below is a tabulation of the proxies received by the Company 
pertaining to each resolution. 
 
+-------------------------------------------------------------------------------------+ 
|As ordinary resolutions to    |   For    | Against  | Abstain |Unallocated|  Total   | 
|the:                          |          |          |         |           |          | 
|------------------------------+----------+----------+---------+-----------+----------| 
|1. |Re-election of Kevin      |34,977,467|    55,390|        -|          -|35,032,857| 
|   |Tomlinson as Director     |          |          |         |           |          | 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|2. |Re-election of Roy Daniel |34,974,967|    55,390|    2,500|          -|35,032,857| 
|   |as Director               |          |          |         |           |          | 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|3. |Re-election of Peter      |34,955,967|    55,390|   21,500|          -|35,032,857| 
|   |Hepburn-Brown as Director |          |          |         |           |          | 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|4. |Ratification of the       |34,085,381|   304,203|    9,501|    633,772|35,032,857| 
|   |previous issue of ordinary|          |          |         |           |          | 
|   |shares                    |          |          |         |           |          | 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|5. |Appointment of Auditor    |35,029,797|         -|    3,060|          -|35,032,857| 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|6. |Increase of aggregate pool|27,797,404|   302,736|6,932,717|          -|35,032,857| 
|   |of Directors' remuneration|          |          |         |           |          | 
|   |to $400,000               |          |          |         |           |          | 
|---+--------------------------+----------+----------+---------+-----------+----------| 
|7. |Adoption of Remuneration  |24,310,513|10,372,344|  350,000|          -|35,032,857| 
|   |Report                    |          |          |         |           |          | 
+-------------------------------------------------------------------------------------+ 
 
 
 
                                                     18 November 2009 
For further information, please contact: 
 
 
Medusa Mining Limited                   +61 8 9367 0601 
Geoffrey Davis, Managing Director 
Roy Daniel, Finance Director 
Fairfax I.S. PLC 
(Nominated Adviser/Joint Broker)        +44 (0)20 7598 5368 
Ewan Leggat 
Mirabaud Securities Limited 
 (Joint Broker)                         +44 (0)20 7321 2508 
Peter Krens 
Lothbury Financial                      +44 (0)20 7011 9411 
Michael Padley/Libby Moss 
 
 
ABOUT MEDUSA MINING LIMITED 
Medusa Mining Limited ("Medusa" or  the "Company"), a public  company 
listed on the  ASX and  AIM, is  an Australian  based gold  producer, 
focused solely on the Philippines. 
 
With Indicated Resources of 603,000 ounces and Inferred Resources  of 
1,427,000 ounces, Medusa's corporate strategy is to become a mid-tier 
300,000 to  400,000 ounce  per  year, low  cost gold  producer.   The 
Company is currently  expanding the high  grade Co-O Mine  operations 
(500,000 Reserve ounces at 10.8 g/t gold) to increase its  production 
capacity to  100,000 ounces  per year,  and is  conducting near  mine 
exploration to  assess  the  possibilities of  further  expansion  to 
200,000 ounces per  year.  Current cash  costs at the  Co-O Mine  are 
approximately US$200 per ounce. 
 
A pipe-line of deposits is now being established with the Bananghilig 
Deposit (650,000 Inferred ounces at  1.3 g/t gold) which is  expected 
to expand, potentially in conjunction with new nearby discoveries. 
 
Further potential  upside exists  in  the  discovery  of  substantial 
copper deposits within the tenement holding of > 800km2. 
 
ENDS 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
 

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