Medinah Minerals (MDMN)

[GC Capitol]

In our financial statements..... Medinah has no business operations other than owning a 26.469% equity stake in AURYN
Mining Chile SpA (AURYN) and smaller stakes in two additional public companies. AURYN is
a private Chilean mining company that owns 100% of the Altos de Lipangue Mining District.
Further information about AURYN can be found on their website, aurynmining.com. As a
minority shareholder in AURYN, Medinah’s rights are limited. Medinah is responsible for its
pro-rata share of AURYN’s capital costs and Medinah’s ownership in AURYN is subject to
dilution should Medinah not be able to meet any cash calls.