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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
August 17, 2007

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

Q) Please give us a list of all the owners that own claims adjacent to Medinah's claim block.
A) I am sorry but we do not have that information at hand. Our claim holdings are located in two different mining districts and the mining recordings office lists the claims by name. You must then utilize their published maps to locate the claims and build your own claim groupings. Companies like Cordelco, for example, usually do not hold titles in their own names until production.

Q) Do you have an anticipated target date to wrap up a JV?? ...since Spring is around the corner and time is of the essence. Do you anticipate August?
A) We are proceeding to finalize joint venture participation as quickly as possible. As of yesterday, the weather was still quite nasty and the snow level on the Alto de Lipangue was down to 1,600 meters.

Q) Have deadlines been put into effect by MDMN for submission of JV proposals from the various parties?
A) Specific target dates have been established for all potential joint venture participants.

Q) 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 his Employment Contract. Has Les received shares of stock in lieu of his monthly compensation?
A) No stock compensation has been received for monthly compensation since 2002.

 

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