Medinah Minerals (MDMN)

[mdmn_rocks]

Q&A - November 15, 2012

http://theminingplay.com/viewtopic.php?f=17&t=500

Q: What is the current status of trying to update Medinah's reporting standards?

A: We are happy to report that the Company has completed its historical 15c2-11 document which was presented and accepted by OTC Markets/Pink. The 15c2-11 is posted on www.otcmarkets.com under the symbol: MDMN. Further, our reporting standard classification has been officially upgraded to Alternative Reporting Standards, wherein we are now classified as an OTC/Pink. Updated Medinah Minerals, Inc. reports will now be done on a quarterly and annualized basis. Our continuing goal is to do all necessary activities to ascend to the next highest reporting level in the near future. The 15c2-11 can be link accessed on www. medinah-minerals.com website under the heading About Medinah/Company Profile/2012 Highlights.

Q: Are there any updates on the negotiations on Medinah's 10% ownership in each of the Ciclon I and Ciclon II properties?

A: Several interested parties have spent considerable time and expense at the Ciclon I and Ciclon II properties examining structure, assaying, etc. One of the parties has now presented a formal proposal that is under serious consideration, with the understanding that additional offers are forthcoming for review. We will report any developments as they occur.

Q: What is happening with the compliance/working issues regarding the mining inspectors at the LDM project in Chile?

A: The respective parties of various Ministry of Mines governmental agencies have visited the LDM mining project on several occasions and provided Compania Minera LDM Chile with a checklist of items, primarily as to safety/ventilation issues, that had to be addressed. Specifically, (a) the blasting material (dynamite) facility had to be moved much further away from the workings necessitating construction of a new road advancing to a 20 meter storage tunnel and then enclosing the storage container in concrete and steel; (b) the adit entrance had to be protected from the potentiality of any rocks that could fall from above; (c) the tunnels had to be timbered and shored up in several locations where the broken ground had been encountered; (d) and escape/ventilation shaft routing was required to be driven to surface; (e) a safe house had to be constructed to house workers in case of any accidents. These requirements were constructed and completed as outlined, and tunneling work has resumed. The Mining Engineer indicates that we are at 20 meters from intersecting the DD99-02 Drill hole target.

It should be noted that the LDM mining project is now considered as upgraded to "North American Mining Standards."

See the recent LDM Pictures posted on the Medinah website under the heading Project Information/Photo Gallery/Chile 2012 Las Dos Marias.

http://www.medinah-minerals.com/gallery.html

Of note, Medinah Minerals, Inc. possesses a non-dilutable "30% Free Carried Interest" in the entire Compania Minera LDM Chile mining project.

Q: When are we shipping ore from the LDM project to the Enami refinery, and is the ore grading holding up to their cutoff standard of 5 grams of gold equivalent per ton?

A: The ore continues to be stockpiled for shipping to the Enami refinery, as well as to a nearby custom processing plant. The material that grades in excess of 5 g/t au will be sent to Enami. All assays attained show results that are economically viable as to their gold and/or copper content. Consideration is also being given to mining the recently encountered/discovered high-grade copper.

Q: When will Medinah be released from the Non-Disclosure agreement on the sale issues to Amarant?

A: Medinah Mining Chile is working with the Lawyers and Principals of Amarant in regard to their allowance of further disclosures as to matters relative to the terms of the 1508 mining claims involved in the Purchase Agreement. Amarant Mining has posted documented information concerning the Purchase Agreement with Medinah Mining Chile on their website. Medinah Minerals, Inc. has posted all the information that it can legally provide at this time.

Medinah Mining Chile reports that the entirety of the Purchase Agreement is still in "full force" and funds are anticipated to be released soon.

Q: Are the drills working on the Altos and if not, when?

A: Amarant Mining Ltd. has, pursuant to contract, provided the exploration funding. Medinah Mining Chile has confirmed that the funds, described as 6.7 million dollars are in Santiago, Chile. To be clear, Amarant Mining is in charge of the Drilling and Exploration activities that are to commence at the Altos de Lipangue plateau. Medinah Minerals, Inc. "is not" in charge, nor orchestrating this pending operation. Medinah Minerals, Inc. has been informed by Medinah Mining Chile that men and equipment have been contracted, are in the final stages of preparation/assembly, and soon will begin exploration activities at the Altos de Lipangue location.

Q: What is Medinah's relationship with Alluvia Mining?

A: Medinah Mining Chile has confirmed its possession/receivership of 90 Million shares of Alluvia's common shares with 9 Million shares being sold to Amarant for 5.4 Million dollars. The division of these initial moneys will be 2.646 Million dollars to Medinah Mining Chile, and 2.754 Million dollars for Medinah Minerals, Inc. The remaining security deposit, comprising 81 Million shares, was issued at a deemed value price of 60 cents per share. The Alluvia shares are presently listed on the "Mangold System" is Sweden at a trading price equivalent to 63+ cents a share. Other than being a significantly large shareholder of Alluvia Mining, Medinah Minerals, Inc. has no other direct connection to Alluvia at this time. Alluvia Mining information can be accessed via the Medinah Minerals, Inc. website under the heading Project Information/Projects, dated October 4, 2012.

Q: Do we have Market Makers in our stock?

A: Medinah Minerals, Inc. currently has 23 active Market Makers. Again, please refer to www.otcmarkets.com for a listing of our Market Makers. Further, a listing of Market Makers can be found on the Medinah Minerals, Inc. website under the heading Investor Relations/Corporate Facts, week ending 11/09/2012.
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MDMN ROCKS!!!