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Monday, July 22, 2013 9:17:00 AM
Dear Medinah Shareholders:
With regard to the 1,508 mining claims on the Altos de Lipangue plateau, near Santiago, Chile, we are pleased to report that since cessation on May 10, 2013, of the Amarant Mining Ltd. purchase contract, Medinah Mining Chile executives have been engaged in discussions with six prospective entities regarding the same. In this respect, they are proactively evaluating and facilitating serious inquiries from these very reputable firms regarding outright purchase and/or joint venture alternatives. These activities include accommodating numerous site visits and core examinations by geologists, mining engineers and their corporate executives. Increasing daily extraction and the processing of ore, with impressive results that have been reported at the adjacent LDM property, has also been very encouraging to them as well.
Suffice it to state, Medinah Mining Chile representatives are very pleased with ongoing discussions to date. They fully expect to receive several major offers in the very near future. It is our hope and full intent that we receive a finalized agreement from Medinah Mining Chile that serves the best near and long-term interests of all parties concerned. This certainly includes the interests of Medinah Minerals, Inc.’s shareholders, Medinah Mining Chile and the prospective participant entity. Medinah Minerals, Inc. fully supports the negotiating efforts of Medinah Mining Chile executives.
We will continue to provide substantive updates as soon as possible and as warranted by ongoing developments in this important process.
Respectfully,
Dennis B. Tenney – CEO
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