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Proactiveinvestors Australia

Medusa Mining

www.medusamining.com.au

Medusa Mining Limited ("Medusa" or the "Company"), a public company listed on the ASX and LSE, is an Australian based gold producer. Medusa's corporate strategy is to become a mid-tier, 400,000 ounce per year, low-cost gold producer.The Company has completed the two-phase expansion of its high grade Co-O Mine operations to a production level of 100,000 annualised ounces. The Company is in construction Phase 3 expansion of the mill to increase capacity to 200,000 ounces.Resource drilling at the Bananghilig Deposit has confirmed 1,100,000 ounces of Inferred Resources. Infill drilling to indicated status is nearing completion.Further potential upside exists for the discovery of copper and additional gold deposits within the tenement holding of more than 800km2.

Andrew McCrea is Sub Authorised Representative (SAR: 291331) of Proactive Investors Australia Pty Ltd
(ABN: 19 132 787 654) which is a Corporate Auhorised Representative (CAR: 413802) of RM Capital
Pty Ltd (AFSL: 221938).

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