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RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
September 7, 2007

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

Q) “Several years ago there was an effort by a group of Medinah shareholders to encourage everyone to register their shares and obtain paper certificates. Do you currently believe there is any benefit for shareholders to register their shares? If so, can you explain how share registration may benefit shareholders individually, or benefit the company? Are there any new developments from Medinah Gold? When do you expect its shares to begin trading?”
A) There are numerous reasons to register shares that benefit both the shareholder and the Company. If you do not register, the Company cannot send you information via mail (a Corporate requirement) for Annual General or Special meetings. You cannot vote at such meetings and it is very difficult to distribute directly to the shareholder any stock or cash dividend.

When Medinah completed the stock callback in 2002, we located over 3,000 shareholders previously unknown to the Company.

The Directors of Medinah Gold are actively progressing with their new property and preparing the necessary documentation for a trading application. I cannot give you a definite time frame.

Q) “Are you on the way to Chile today? If the answer is no I am then asking the same question every day until you say yes. So many rumors so little truth in those rumors.”
A) The Company’s policy is, and always has been, that nothing is factual until posted on the Company’s official website. Rumours are just that and nothing more.

Q) “Any possible way you can update us through the website as to current JV talks and when you will be leaving for Chile? You have a ton of shareholders on the edge holding on for you to complete this. I think it would be a good thing so they wont sell in the last hour. Thank you have a safe trip.”
A) Negotiations are continuing on a daily basis with the potential Joint Venture participants and we will travel to Chile to review the proposals at the appropriate time.

Q) “Is shareholder approval necessary to complete a JV?”
A) The Directors were given instructions from the Shareholders at the AGM to complete a Joint Venture/Sale Agreement as soon as possible on terms acceptable to the Directors. Any completed agreement will be fully discussed at the next AGM of Medinah.

 

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