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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE

May 30, 2008

We continue this week with answering the most commonly asked questions, in no particular order.

Q)  “Can you please give me some information on Medinah Minerals  as to when it last traded?  Volume ?  Are you going to continue to trade on the pink sheets ? Is there any foreseeable news coming down the pipeline
A)  The shares trade every day on the Pink Sheets with the average monthly volume of plus 40,000,000 shares.  The company intends to proceed first, with an upgrade on the Pink Sheet listings and, eventually, to become fully reporting.  This process will take a considerable amount of time

Q)  “on what schedule and when will the company offer updates on a regular basis like every friday or some other date certain so that our submittedquestions canbe addressed”
A)  If there are sufficient questions received online for the week, the responses are posted on Fridays.  Frequently, as in recent times, there are a minimum number of questions posed; hence we may combine one or more weeks together.

Q)  “I reread dr. deCosta's valuation treatise over the weekend and got excited all over.  However without a JV in place, it is all for nothing.  When are we going to get on the dance floor with a partner and start the process of building a real company?”
A)  We are continuing the process of examining in depth each proposal put forward by various potential joint venture participants, with the long-term goal of building a viable substantial mineral entity.  This has been a long and detailed task to assure the right partner is chosen.

Q)  “It has been some time since a defence in the Godwin lawsuit was filed for Medinah et al. You mentioned that fact that you were also filing a counterclaim. Is there any update information that you can share with us on this issue?”
A)  We and the Attorneys are very pleased with the defence and the substantial counterclaims filed by us in the Supreme Court of British Columbia.  We will, in the next few days, provide an in-depth summary of proceedings to date on our website.

 

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