Medusa Mining Limited: Results of Annual General Meeting

PERTH, WESTERN AUSTRALIA--(Marketwire - Nov. 15, 2012) - Medusa Mining Limited MMLMML -

In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, wishes to advise that all resolutions put to the meeting of shareholders on 15 November 2012 have been passed on a show of hands.

Outlined below is a tabulation of the proxies received by the Company pertaining to each resolution.

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As ordinary                                                                 
 resolutions to                                                             
 the:                 For      Against Discretionary Abstain (1)    Total   
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1. Re-election of                                                           
    Robert                                                                  
    Weinberg as                                                             
    Director      122,956,498  969,574     11,456      18,133    123,955,661
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2. Disapplication                                                           
    of pre-                                                                 
    emptive                                                                 
    rights (2)    120,216,118 3,480,694    11,456      247,393   123,955,661
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3. Approval of                                                              
    Remuneration                                                            
    Report        115,645,315  236,326     11,456     8,062,564  123,955,661
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Note:                                                                       
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(1)   Votes relating to anyone who abstains on a resolution are not counted 
      in determining whether or not the required majority of votes were cast
      for or against that resolution;                                       
                                                                            
(2)   Resolution 2 is a special resolution and requires at least a 75%      
      majority of all votes cast by shareholders entitled to vote on the    
      resolution for it to be carried.                                      

ABN: 60 099 377 849

FOR FURTHER INFORMATION PLEASE CONTACT:
Medusa Mining Limited
Peter Alphonso
Company Secretary
+618 9367 0601
www.medusamining.com.au