Medinah Minerals (MDMN)

[Surwin]

Yes we do own about 27.5% equity interest in Auryn and 25% is definitely defined in the original final sales agreement with additions for the Auryn shares received from Chapin, the additional shares received for Nouco, and any additional shares from Les' settlement, plus our interest in CDCH as well. The total should bring it to about to 27.5%.

Medinah Minerals, Inc. Announces Completion of Sales Agreement with AURYN Mining Chile, SpA.

May 16, 2016

Medinah Minerals, Inc. (“Medinah”) (NQB:MDMN) has entered into a Sales Agreement (“Agreement”) successfully completing the previously announced Memorandum of Understanding (MOU) with AURYN Mining Chile SpA (“AURYN”). AURYN has acquired 100% of Medinah's Altos de Lipangue claims in exchange for 25,000,000 (twenty five million) shares of AURYN, a 25% equity stake in AURYN. Medinah has received the 25,000,000 (twenty five million) AURYN shares called for in the Agreement. Furthermore, as part of the Agreement, Medinah has a 5-year option to acquire an additional 5% equity stake in AURYN’s capital structure for U.S. $50,000,000 (fifty million dollars). AURYN assumes all rights, responsibilities, costs and liabilities of the entire Altos de Lipangue Project. All previous Option Agreement contracts and addendums between the parties have been cancelled.

The Medinah Board of Directors considers this Agreement to be very significant and a major milestone event. Medinah is extremely pleased to have a well-funded, professionally run and highly competent partner in AURYN. The Company’s goals are to look at the real possibility of issuing cash dividends and initiating share buyback programs. Medinah shareholders will share in the entire Altos de Lipangue Project production revenues for many, many years to come.

February 16, 2017

Medinah Minerals, Inc. (Medinah) (OTCMarkets: MDMN) is pleased to report the sale of its 15% interest in Compaa Nuoco Mining Chile S.C.M., to AURYN Mining Chile SpA (AURYN) for 645,000 shares of AURYN. This brings Medinah's total interest in AURYN to 27,469,000 shares or 27.5% interest.