Result of AGM
(Thomson Reuters ONE) - MEDUSA MINING LIMITED RESULTS OF ANNUAL GENERAL MEETINGAt today's Annual General Meeting of Medusa Mining Limited allresolutions put to the meeting of shareholders were passed.Outlined below is a tabulation of the proxies received by the Companypertaining to each resolution.+-------------------------------------------------------------------------------------+|As ordinary resolutions to | For | Against | Abstain |Unallocated| Total ||the: | | | | | ||------------------------------+----------+----------+---------+-----------+----------||1. |Re-election of Kevin |34,977,467| 55,390| -| -|35,032,857|| |Tomlinson as Director | | | | | ||---+--------------------------+----------+----------+---------+-----------+----------||2. |Re-election of Roy Daniel |34,974,967| 55,390| 2,500| -|35,032,857|| |as Director | | | | | ||---+--------------------------+----------+----------+---------+-----------+----------||3. |Re-election of Peter |34,955,967| 55,390| 21,500| -|35,032,857|| |Hepburn-Brown as Director | | | | | ||---+--------------------------+----------+----------+---------+-----------+----------||4. |Ratification of the |34,085,381| 304,203| 9,501| 633,772|35,032,857|| |previous issue of ordinary| | | | | || |shares | | | | | ||---+--------------------------+----------+----------+---------+-----------+----------||5. |Appointment of Auditor |35,029,797| -| 3,060| -|35,032,857||---+--------------------------+----------+----------+---------+-----------+----------||6. |Increase of aggregate pool|27,797,404| 302,736|6,932,717| -|35,032,857|| |of Directors' remuneration| | | | | || |to $400,000 | | | | | ||---+--------------------------+----------+----------+---------+-----------+----------||7. |Adoption of Remuneration |24,310,513|10,372,344| 350,000| -|35,032,857|| |Report | | | | | |+-------------------------------------------------------------------------------------+ 18 November 2009For further information, please contact:Medusa Mining Limited +61 8 9367 0601Geoffrey Davis, Managing DirectorRoy Daniel, Finance DirectorFairfax I.S. PLC(Nominated Adviser/Joint Broker) +44 (0)20 7598 5368Ewan LeggatMirabaud Securities Limited (Joint Broker) +44 (0)20 7321 2508Peter KrensLothbury Financial +44 (0)20 7011 9411Michael Padley/Libby MossABOUT MEDUSA MINING LIMITEDMedusa Mining Limited ("Medusa" or the "Company"), a public companylisted on the ASX and AIM, is an Australian based gold producer,focused solely on the Philippines.With Indicated Resources of 603,000 ounces and Inferred Resources of1,427,000 ounces, Medusa's corporate strategy is to become a mid-tier300,000 to 400,000 ounce per year, low cost gold producer. TheCompany is currently expanding the high grade Co-O Mine operations(500,000 Reserve ounces at 10.8 g/t gold) to increase its productioncapacity to 100,000 ounces per year, and is conducting near mineexploration to assess the possibilities of further expansion to200,000 ounces per year. Current cash costs at the Co-O Mine areapproximately US$200 per ounce.A pipe-line of deposits is now being established with the BananghiligDeposit (650,000 Inferred ounces at 1.3 g/t gold) which is expectedto expand, potentially in conjunction with new nearby discoveries.Further potential upside exists in the discovery of substantialcopper deposits within the tenement holding of > 800km2.ENDS---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.11.2009 - 09:45 Uhr
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