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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
August 10, 2007

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

Q) “The major mining companies that have been on the mountain doing exploration of their own have undoubtedly accumulated lots of data. Is this information being made available to Juan/Medinah?”
A) All of the data collected, except that which is generated by the majors for their internal evaluation and negotiations, is made available both to Medinah and, as well, forms part of the public records in the various mining offices in Chile.

Q) “Would it be reasonable to think that an interested party would want to begin development in the Chilean spring (next month?)”?
A) We would anticipate an active development program commencing immediately upon completion of a Joint Venture Agreement.

Q) “These questions were submitted in July but not yet answered. 7/6/07 What is the salary package including options and other incentives does Les Price have with Medinah? 7/6/07 How many shares do the officers and other related parties own of Medinah?”
A) Les Price, in his capacity as CEO, has an industry standard Employment Contract since 1999, with an entitlement to monthly compensation of $5,000 plus a $300 per month car allowance. There are no stock options included in the Employment Contract.

The shareholdings of the Officers and related parties are at their discretion for disclosure and the question could be posed to them as individuals. The Company’s policy is, and has always been, to not disclose individual shareholders’ positions to third parties. At the last AGM, it was disclosed that Juan José Quijano and his family hold, by far, the largest share block.

Q) “Good morning Les. Just a couple of quick questions. Has JJ finished his meetings with the various groups to the point of expecting offers in writing very soon? Will you be going to Chile this week or possibly next week? I guess that your answer to the last question really tells me where we are at.”
A) Juan José is continuing an active schedule of meetings and negotiations with several groups of potential Joint Venture participants. I remain on standby to travel to Chile on a moment’s notice if I can be of assistance in completing a Joint Venture Agreement.

Q) “Abel Alberto is a geologist who apparantly has been doing work for Medinah. Exactly what is his role with Medinah? What are his qualifications or can you provide shareholders with his resume?”
A) From time to time, during the past several years, Medinah has availed itself of the professional services of Abel Alberto, an independent consulting geologist from Santiago, Chile.

Abel Alberto is a Graduate of Geology, Universidad de Buenos Aires (UBA) Argentina.

 

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