Exercise of Options

 
TIDMMML 
 
Medusa Mining Limited 
 
                              Exercise of Options 
 
Medusa Mining Limited ("Medusa Mining" or "the Company") announces that, 
pursuant to the exercise of unlisted options by certain employees of the 
Company, it has today issued 209,000 ordinary shares of nil par value. The 
options were exercised at a price of A$1.25 per share. 
 
Application will be made to the UK Listing Authority and to the London Stock 
Exchange for 209,000 ordinary shares of nil par value to be admitted to the 
Official List and to trading on the Main Market of the London Stock Exchange. 
 It is expected that dealings will commence at 8.00 a.m. on 15 November 2010. 
 
The new ordinary shares will rank pari passu in all respects with the existing 
ordinary shares and, following admission, the Company's increased share capital 
will comprise 187,793,911 ordinary shares with voting rights.  Therefore, the 
total number of voting rights in the Company will be 187,793,911. 
 
The total number of voting rights may be used by shareholders as the denominator 
for the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, the Company under the 
Financial Service Authority's Disclosure and Transparency Rules. 
 
 
For further information, please contact: 
 
 Australia 
 
 Medusa Mining Limited                       [phone] 
 
 Geoffrey Davis, Managing Director 
 
 Roy Daniel, Finance Director 
 
 United Kingdom 
 
 Fairfax I.S. PLC                            [phone] 
 
 Financial Adviser and Broker 
 
 Ewan Leggat/Laura Littley 
 
 Lothbury Financial Services Limited         [phone] 
 
 Michael Padley/Libby Moss 
 
 Canada 
 
 Nicholas Sayce, Investor Relations          [phone] 
 
 
 
 
[HUG#1460231] 
 
 
 
 
 
 
 
 
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Source: Medusa Mining Ltd via Thomson Reuters ONE