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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
August 3, 2007

Further to our commitment to answer shareholders questions, we continue this week with answering the most commonly asked questions, in no particular order.

Q) If we are sitting here a year after HOCH gave us a standard offer why didn't we just go with them in the first place? AND why haven't we just asked someone to drill and prove up the property and sell it?
A) The offer presented by HOCH contained several options that could have left pieces of the properties at future jeopardy. In simple terms, HOCH could have “cherry picked”. This was not acceptable

At the AGM on May 17, 2004, the various options were discussed and the shareholders voted to Joint Venture and/or sell the property rather than expand our reserves by further diamond drilling. The Directors are following the dictates expressed by shareholders.

Q) Would you identify the other owners of Medinah Chile S.A. and their percentage ownership? I also own shares of Cerro Dorado and Medinah Gold. What percentage of the property Lipangue does MDMN own? Is it 100%, 10%, etc.?
A) The Chilean company Medinah Chile, S.A. owns 100% of the claims, with the exception of two claims that Medinah owns a 10% free-carried interest. Medinah Minerals, Inc. USA owns 50% of the shares of Medinah Chile, S.A.

Q) Copper Partners Investment Co. heard of them? I think they are on the mountain right now just a guess. Anyway are we getting any head way? YOU asked us to send questions and you would answer them every week you missed last week guess you were busy. ANYWAY how are we doing I hear things are really heating up there on that mountain?
A) I am not aware of “Copper Partners” but do know that there have been several uninvited property visitors in the last month, primarily by helicopter rather than by road. Anyone using our private road must have permission to go past our locked gates and therefore, we have a record of these visits.

Q) If there a stop on mdmn/cdch why is ameritrade still tradeing these stock?
A) The “Stop” as shown on the Pink Sheet quotation system refers to “caution” as, although the Company has provided current 15-C211’s to the brokerage community, it does not provide audited financial statements. A number of companies in similar circumstances as Medinah are working in consort with the Pink Sheets to comply with their amended alternatives, which are available for the companies, but very expensive.

The “Stop” does not refer to a halt in trading by Ameritrade or any other brokerage firm.

 

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