Medinah Minerals (MDMN)

[Hurricane_Rick]

Shareholder Update - October 5, 2012

Dear Medinah Shareholders:

Medinah Minerals (Chile) S.A. reports that the Purchasers of the 1,508 Alto de Lipangue claims, Amarant Mining Ltd., have funded the initial development work program. This meets their obligations relative to commencing the exploration and drilling mandates articulated in the Purchase Contract for USD $180,000,000. This funding is not in a Joint Venture concept, but is provided directly by the Purchaser, Amarant Mining Ltd., and is under their direct control,as are the Altos de Lipangue development programs. Medinah has a 15% free-carried interest, ad-infinitum, in the entire project.

Crews and equipment are presently being assembled in Santiago and will mobilize transportation of required items to the Altos de Lipangue project site in October. The work will include surface mapping, geochemical and geophysical programs as well as the initiation of a 20,000-meter drilling program. The contractual obligation for the first phase of work was USD $5,000,000, but the Purchasers have now budgeted and increased this figure to an amount described as USD $6,700,000 in anticipation of discoveries that may demand more extensive investigation. The neighboring Las dos Marias property has delivered such surprises and these discoveries have been closely observed by the Purchasers Geologists in the employ of Amarant Mining Ltd. and their associates.

Medinah Minerals (Chile)S.A. and associates have received their contractual security deposit of 90,000,000shares of Alluvia Mining Limited. The shares of Alluvia Mining Limited were registered with “Crest Capital” in August 2012, and subsequently they became affiliated with Eurocan, Sweden in September 2012. The Alluvia Mining Limited Company also intends to pursue an added listing on the AIM (Europe). Ten percent of the Alluvia Mining Limited shares are being repurchased by Amarant Mining Ltd. for $5.4 million.

Alluvia Mining Limited states that they are proceeding with a $150,000,000Convertible Note offering to complete financing of their mining properties(refer to “Projects” on Medinah’s website) for their memorandum.

The “Company Information and Disclosure Statement”, Rule 15c-211(a)(5),is posted on the OTC Markets Pink Sheets as full disclosure of the Company’s activities through October 1, 2012. Our Company's intended goal is to ascend to a fully reporting status in the near future.

SeñorJuan José Quijano Fernández
President/CEO

http://www.otcmarkets.com/stock/MDMN/news?id=53506