Issue of Equity

 
TIDMMML 
 
Medusa Mining Limited 
 
                         Exercise of options 
 
Medusa Mining Limited ("Medusa" or "the Company") announces that it 
has today issued 50,000 new ordinary shares of nil par value in the 
Company, following the exercise of options by an employee of the 
Company at an exercise price of Aus$0.7128 per share. 
 
The new ordinary shares will rank pari passu with existing ordinary 
shares and application will be made for these new ordinary shares to 
be admitted to trading on AIM, which is expected to occur on 01 
October 2009. 
 
Following the issue of the new ordinary shares, the Company has a 
total of 168,841,960 ordinary shares of nil par value in issue. 
 
Enquiries: 
 
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 
(Joint Broker)                          [phone] 
Peter Krens 
 
Lothbury Financial                      [phone] 
Michael Padley/Libby Moss 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.