Drilling To Commence At Lingig

    Drilling To Commence At Lingig
             



10 June 2008

                        MEDUSA MINING LIMITED
                             (AIM: MML)

                LINGIG PORPHYRY DRILLING TO COMMENCE

Medusa Mining Limited ("Medusa" or the "Company"), the Australian
based company operating and developing gold mines in the Philippines,
advises that permits have now been received and the Company has begun
preparations for drilling at the Lingig Porphyry Copper discovery.
The rig that will be used has a capacity for 1,200 metres vertical
depth.  Drilling is expected to commence at the end of June.

The first new drill hole will repeat and drill past the 1974 bottom
of the discovery hole intersection of 150 metres of 0.4% copper,
which had increasing grades at depth.

Outcropping, oxidised, intensely quartz and sulphide veined porphyry
has recently been located approximately 500 metres to the north of
the discovery hole.

Detailed information from the compilation of historical drilling and
mapping data is provided in the Company's announcement of 13 November
2007, the key points of which were:


  * a 150 metre intersection of 0.4% copper ended in high grade
    mineralisation;
  * higher grade mineralisation of 0.65% copper encountered in the
    bottom 52 metres of the hole; and
  * a 98 metre wide halo of 0.27% copper mineralisation in the
    overlying volcanic rocks  suggests an intense mineralising
    system.


Geoff Davis, Managing Director of Medusa, commented:

"This 1974 discovery has encouraging mineralisation characteristics
and the drill programme is designed to confirm and extend the earlier
results laterally and at depth.

"We believe that the Lingig porphyry copper project has the potential
to be a significant discovery."

Please see the link at the end of this announcement for images
detailing the Lingig Copper Porphyry discovery:  Figure 1 shows the
location of the discovery;  Figure 2 shows the current geology of the
area as well as copper soil geochemistry and contoured resistivity
and frequency effect results of the Induced Polarisation survery;
and Figure 3 shows the graphic log of discovery drill hole DDH 1.


For further information, please contact:


Medusa Mining Limited                   [phone]
Geoffrey Davis, Managing Director
Roy Daniel, Finance Director

Fairfax I.S. PLC                        [phone]
Nominated Adviser / Joint Broker
Ewan Leggat

Mirabaud Securities Limited             [phone]
Joint Broker
Peter Krens

Bankside Consultants                    [phone]
Michael Padley / Louise Davis


Discovery Drill Hole DDH 1

After passing through 100 metres of propylitically and argillically
altered doleritic and basaltic rocks with erratic copper
mineralisation, drill hole DDH1 intersected disseminated and stringer
style pyrite and chalcopyrite (copper sulphide) mineralisation for 98
metres in increasingly argillically altered basaltic and doleritic
rocks before entering higher grade mineralisation in phylitically
altered quartz diorite porphyry.  The graphic log of the drill hole
is shown in Figure 3 (please see the link at the end of this
announcement).

Table I: Summary of intersections in drill hole DDH 1


Depth (metres)  Intersection       Host rocks, alteration &
                                   mineralisation
0 to 100        Erratic values to  Propylitically (chlorite and
                0.89% Cu           epidote) and argillically altered
                                   dolerite and basalt with
                                   disseminated and stringer pyrite,
                                   rare chalcopyrite.
100  to 198     98 metres @ 0.27%  Propylitically and argillically
                Cu                 (clay) altered dolerite and basalt
                                   with a moderate increase of
                                   disseminated and stringer pyrite
                                   and chalcopyrite.
198  to  250    52 metres @ 0.65%  Phylitically altered
                Cu                 (silica-sericite) quartz diorite
                                   porphyry with disseminated and
                                   stringer pyrite and chalcopyrite
                                   increasing with depth.
Incl. 248  to   2 metres @ 4.93%
250             Cu,
[End of Hole]   0.4g/t Au,10g/t Ag
TOTAL: 100  to  150 metres @ 0.40%
250             Cu


A further four holes were drilled to the south of DDH 1 and
intersected minor copper mineralisation.  DDH 5 intersected
increasing amounts of copper, including 18.80 meters at 0.34% copper,
and several two to four metre intersections of 0.34 to 0.69% copper.


Discussion

Discovery drill hole DDH 1 has intersected and stopped in the top of
a mineralised copper-gold-silver quartz diorite porphyry.

Of particular note is the 98 metre disseminated copper halo above the
quartz diorite, suggestive of an intense mineralising system, as well
as the erratic copper values in the propylitic alteration envelope
above this disseminated zone.  This has similarities to the Lutopan
orebody of the Atlas Toledo Mine where ore grade replacement
mineralisation is hosted in volcanics for a width of 120 metres along
a strike length of 900 metres (Mines & Geosciences Bureau, 1982).



References:
Mines and Geosciences Bureau, 1982: Geology and Mineral Resources of
the Philippines.

Information in this report relating  to Exploration Results is  based
on information compiled  by Mr Geoff  Davis, who is  a member of  The
Australian Institute  of  Geoscientists.  Mr Davis  is  the  Managing
Director 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
"Australian  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.

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