Medinah Minerals (MDMN)

[mariner78]

Submitted the following QandA question to Medinah....

Probably won't get answered, and hopefully it becomes moot by the time they bother, but I felt it had to be asked and after all, it's stuff we all want to know anyway. I tried to echo most of the positive sentiments that have been exchanged on the public message forums without being overly easy. I doubt I will get an answer, but at least it's on record. Those of you who do have some direct contacts will probably ask the same things. I do think it's important that we receive some clarity as to exactly what the problem is, but it's obviously some form of red tape, and not an overly big disaster.

What just happened here is akin to waiting for someone's flight to arrive at the airport. If it's slightly late, that's an annoyance and an inconvenience, but not anything more. If the plane crashed on the way in, that's a disaster. What we have here, people, is a delay, not a disaster. Stay strong and don't panic, it's always darkest before the dawn, etc. We're not in bad shape.

M78

---------

Q and A submission:

Thank you for the updated Q and A response, posted on Medinah's web site on 1/15/2011. While I am disappointed to learn there will be a delay in the closing, I also appreciate the fact that Sr. Quijano positively and definitively confirmed that the JV Agreement is now signed (from the Q and A - "Senor Quijano states that all the terms and conditions of the signed JVA contract remain in effect.). This information is very helpful and comforting to the shareholders.

Given the importance of completing/closing the JV transaction, shareholders would like to know the following:

1) The length of time granted by us for the requested extension; and
2) Can management give us a little more detail as to exactly what is the issue holding up completion/tendering/ transferring the initial funding deposit?

Regarding #2, we appreciate the disclosure that the issue is related to banking and legal requirements. There has been speculation on various investment forums that the delay could be related to compliance with United States Homeland Security regulations regarding international bank transfers, or some other simple foreign exchange issue. If management could clarify this a little bit more for us shareholders, we would be most appreciative.

Again, thank you for the update, and congratulations on getting the deal advanced to this point. We hope to be congratulating you soon, and in person at the shareholders meeting, for a fully completed and operating JVA partnership.

Best Regards