SHAREHOLDER UPDATE, December 14, 2012
Dear Medinah Shareholders:
As the end of calendar year 2012 approaches, we find ourselves in the midst of the beauty and joy that is the Christmas season. We sincerely want to wish each of our many loyal and dedicated shareholders a safe and pleasurable holiday. Further, we pray for your health and good fortune in the New Year.
This past year, Medinah Minerals, Inc. has continued to make every effort to enhance your company's goals, but the path has been slow and difficult. We have faced adversity and numerous problems. Our ongoing challenge has been to finally bring a concrete deal to our shareholders. We have reported that we are a party with Medinah Mining Chile concerning a $180,000,000 Purchase Agreement as to the Altos de Lipangue group of 1508 claims. The Purchase Agreement is still in effect, but taking longer than anticipated. As of this writing, we are in possession of the contracts security provision of 90,000,000 Alluvia Mining shares valued at 70 million dollars. We have reported verification of the 6.7 million dollars, scheduled to further advance the drilling and exploration of the ADL properties, is in Santiago, Chile. Medinah Mining Chile states that they anticipate receiving the initial tranche of 18,000,000.00 dollars shortly. Medinah Minerals, Inc. is pleased to report that it is in position to receive a 30% free- carried interest in all production results from mining operations at the Compania LDM Chile mining project on the Las Dos Marias claim. We are presently reviewing purchase offers as to the company's holding of 10% of each of the Ciclon I & Ciclon II properties. Medinah Minerals, Inc. is entertaining the acquisition of a 20% interest in the Jota claims, scheduled to be featured on the Discovery Channel in the later part of January 2013. Dividend holders in Medinah Gold will finally realize reward through an amalgamation process in final SEC review. Medinah Minerals, Inc. has accepted 10,000,000 shares into our treasury, of this company structure, for their incurred debts over the years. Through years of activities, Medinah Minerals, Inc. has acquired an aggregate interest in over 12,500 hectares of "free and clear ownership positions", all in good standing with the Chilean Ministry of Mines.
Many sacrifices and business battles have been undertaken on your behalf. We are a company that has completed many positive steps with minimal infrastructure and support. During this past year we upgraded our reporting status to an OTC Pink. This was accomplished by completing and filing an arduous 15C-211 historical document. Our continuing goal is to work on ascending to an even higher reporting classification in the future. Further, your company has formally hired legal counsel and an accredited CPA to help the future business acumen of Medinah.
Each of you has been subjected to many setbacks over the years as Medinah Minerals, Inc. has endeavored to finalize business opportunities. We, as a company, will continue to dedicate ourselves to the proposition of realizing our long standing goal(s) of ultimate success. Every possible expenditure of time and resources will be utilized to attain successful outcomes for our shareholders. Additionally, our sincere Thank You goes to our President/CEO Senor Quijano for his many unselfish efforts to secure our past, present and future ownership positions.
Remember to take time to enjoy your families, loved ones, and friends this Christmas season, making them the real priority and blessing in your lives.
Larry Regis, Director, Medinah Minerals, Inc.
