Medusa Mining Limited New Board Appointments (2290W)

TIDMMML

RNS Number : 2290W

Medusa Mining Limited

24 January 2013

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

ANNOUNCEMENT

24 January 2013

NEW BOARD APPOINTMENTS

(ASX & LSE: MML)

Medusa Mining Limited ("Medusa" or the "Company"), advises that it has appointed and welcomes Mr Gary Powell and Attorney Raul Villanueva to the Board of Medusa.

Mr Gary Powell

Mr Gary Powell has been appointed Non-executive Director as of 24 January 2013 and brings Philippines operating experience to the Board. Mr Powell is a geologist with over 30 years of experience working in West Australia, Central Asia and importantly, since 1997, in the Philippines.

Mr Powell has worked for major and junior companies as an employee and on a consulting basis. He was a founding and Managing Director of ASX listed Egerton Gold NL from 1993 to 2000, and more recently a founding, Non-Executive and then Executive Director from 2004 to 2009 of Metals Exploration plc listed on the Alternative Investment Market in the United Kingdom. In his role with Metals Exploration plc, Mr Powell managed the progressing of the Runruno Deposit (1.39 million ounces of gold, and 25.6 million pounds of molybdenum) in the Philippines to the drilled up resource stage (and which is now moving towards construction).

Mr Powell has recently been overseeing the resource drilling at the Company's Bananghilig Project and will continue to consult to the Company as required.

Attorney Raul Villanueva

Attorney Raul Villanueva has been appointed an Executive Director of Medusa as of 24 January 2013 following his recent appointment as President of the Company's Philippines operating company, Philsaga Mining Corporation ("Philsaga") in December 2012. Attorney Villanueva who has been the Executive Vice President of Philsaga since November 2011 was appointed President of Philsaga following the retirement of Mr Samuel Afdal.

Attorney Villanueva who has Bachelor degrees in Economics, Military Science & Tactics, and Law has been a member of the Integrated Bar of the Philippines and an Attorney and Counsellor-at-Law since 1994. He brings a focused approach to improving the operating systems and professionalism of the Company, based on his education and several years of experience in law as well as managing companies and will further align the objectives of the Medusa Group of Companies.

The Board of Directors

Following the appointments of Mr Powell and Attorney Villanueva as Board members, the Medusa Board now comprises:

 
 Mr Geoffrey Davis        Non-executive Chairman 
 Mr Peter Hepburn-Brown   Managing Director 
 Attorney Raul            Executive Director 
  Villanueva 
 Mr Andrew Teo            Non-executive Director 
 Dr Robert Weinberg       Non-executive Director 
 Mr Ciceron Angeles       Non-executive Director 
 Mr Gary Powell           Non-executive Director 
 

Geoffrey Davis, Non-executive Chairman of Medusa commented:

"We are delighted to welcome Gary and Raul to the Board of Medusa. They bring a range of key skills and a wealth of experience that will further bolster Medusa's existing strong management team and contribute to the continuing success of the Company in the Philippines.

I would also like to acknowledge the valuable contribution of Mr Afdal who was a founding Director of Philsaga, and in particular for instituting the very successful social programmes for and within the communities in which the Company's operations are situated."

For further information please contact:

 
 Australia 
 Medusa Mining Limited                 [phone] 
 Peter Hepburn-Brown, Managing 
  Director 
 United Kingdom 
 SP Angel Corporate Finance 
  LLP (Financial Adviser 
  & Broker)                            [phone] 
 Ewan Leggat/Laura Littley 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

BOAEASFDAFADEFF