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Saturday, May 11, 2013 10:12:43 AM
Termination of the Altos de Lipangue Mining Claims Purchase & Sales Agreement Dated July 10, 2012 – Amarant Mining, Ltd.
May 11, 2013
Dear Medinah Shareholders:
Medinah Mining Chile has advised Medinah Minerals, Inc. that formal notice was given, the receipt of which was acknowledged on February 10, 2013, to Amarant Mining Ltd., and Johan Ulander, that certain contractual payments were due under the terms and conditions of the Purchase and Sale Agreement. Thereafter, Amarant Mining Ltd., and Johan Ulander were given formal notice of default and demand for cure, under the terms of the Agreement, which was acknowledged on April 10, 2013. Amarant Mining Ltd., and Johan Ulander have been advised that as of 12:01 a.m. May 11, 2013, the Purchase & Sales Agreement has been formally terminated. Effective May 11, 2013, the July 10, 2012 Purchase & Sale Agreement, among parties, has expired without performance.
Medinah Mining Chile will now seek other sales and/or partnership opportunities relating to the 1508 Altos de Lipangue mining claims.
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