Additional Listing

 
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:  [phone] 
                                           Facsimile:  [phone] 
 
                                    Email:  [e-mail] 
                                    Internet: www.medusamining.com.au 
 
 
                        Medusa Mining Limited 
 
              MEDUSA TO LIST ON TORONTO STOCK EXCHANGE 
 
Medusa Mining  Limited  ("Medusa" or  the  "Company") is  pleased  to 
advise that it  has received  conditional approval  from the  Toronto 
Stock Exchange ("TSX")  and will officially  commence trading on  the 
TSX on Friday, 27 November 2009. 
 
The Company will continue to  be domiciled in Australia and  maintain 
its existing  listings on  both  the Australian  Securities  Exchange 
("ASX") in Australia and AIM in London. 
 
The trading code of Medusa on  the TSX will be MLL and  Computershare 
will provide the necessary share registry services to the Company  in 
Australia, UK and Canada. 
 
Geoff Davis, Managing Director commented that: 
 
"This is a significant and major milestone for the Company and  comes 
at a time when the Company is on schedule to complete Phase II of  an 
expansion program  that  should result  in  the Co-O  Mine  producing 
100,000 ounces per annum from the 1st quarter of 2010. 
 
"The Board  shares  the view  that  the  TSX listing  will  not  only 
increase the Company's profile in the North American market and allow 
for simplified  peer group  comparisons, but  also include  valuation 
considerations for  the  exploration  upside and  potential  for  new 
discoveries." 
 
                                                   18th November 2008 
For further information, please contact: 
 
 
Medusa Mining Limited                   [phone] 
Geoffrey Davis, Managing Director 
Roy Daniel, Finance Director 
Fairfax I.S. PLC 
(Nominated Adviser/Joint Broker)        [phone] 
Ewan Leggat 
Mirabaud Securities Limited 
 (Joint Broker)                         [phone] 
Peter Krens 
Lothbury Financial                      [phone] 
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. 
 
=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.