RESPONSE TO SHAREHOLDERS
Q&A WEBSITE
September 21, 2007

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

Q) “As usual there is a lot of misinformation being passed on the boards. Some hear what they want other try to read between the lines. I think one of the main points that will clear a lot of this up is in what words were used to describe our progress. Do we have acceptable offers in, or did we have an acceptable offer come in that was accepted. One more point is the difference between an offer and a contract. Do the offers come in legal form that just has to be signed to close the deal, or do the offers come in, then one is chosen and then it has to be changed to a legal contract to be signed to make the JV. Thanks again for helping me sort out fact from fiction.”

A) When an offer is received, the terms and conditions can be further negotiated between the parties and, if acceptable, signed. It then binds the parties until such time as a formal contract is signed and registered with the applicable government agencies. Offers can be transmitted verbally, via written form from the attorneys, or directly from the participating corporations.

In the case of Medinah, each potential Joint Venture participant has been provided with a “term sheet” as to the expectations of Medinah that forms part of the “Non-Disclosure” and “Non-Compete” documents signed by the parties for everyone’s protection during the negotiating process.

Medinah has a very viable mining project and is negotiating to obtain the best possible agreement for the company and its shareholders.