TIDMMML 
 
MEDUSA MINING LIMITED 
                                                        ABN: 60 099 377 849 
                                                  Unit 7, 11 Preston Street 
                                                             Como  WA  6152 
 
                                                                 PO Box 860 
                                                   Canning Bridge  WA  6153 
 
                                                 Telephone:  +618-9367 0601 
                                                 Facsimile:  +618-9367 0602 
 
       Email:  admin@medusamining.com.au <mailto:admin@medusamining.com.au> 
         Internet:www.medusamining.com.au <http://www.medusamining.com.au/> 
 
 
                                                                    ANNOUNCEMENT 
 
 
 
                             Medusa Mining Limited 
                          ("Medusa" or "the Company") 
 
                                Issue of Equity 
 
Further  to the Bonus  Issue of shares,  as announced by  the Company on 8 March 
2010, Medusa  announces that it has  today issued 17,027,845 new ordinary shares 
of  nil  par  value  in  the  Company.  The  new  ordinary shares were issued to 
shareholders  as at the record date, being 5.00pm (AWST) on 19 March, on a 1 for 
10 basis. 
 
The  new ordinary shares will  rank pari passu with  existing ordinary shares in 
the  Company and application has  been made for these  new ordinary shares to be 
admitted to trading on AIM, which is expected to occur on 31 March 2010. 
 
Following  the issue of the new ordinary  shares as described above, the Company 
has a total of 187,409,805 ordinary shares of nil par value in issue. 
 
For further information please contact: 
 
 
  Australia 
 
  Medusa Mining Limited                      +61 8 9367 0601 
 
  Geoffrey Davis, Managing Director 
 
  Roy Daniel, Finance Director 
 
  United Kingdom 
 
  Fairfax I.S. PLC                           +44 (0)20 7598 5368 
 
  Nominated Adviser and Broker 
 
  Ewan Leggat/Laura Littley 
 
  Lothbury Financial                         +44 (0)20 7011 9411 
 
  Michael Padley/Libby Moss 
 
  Canada 
 
  Nicholas Sayce, Investor Relations         +1 416 822 4404 
 
 
 
 
[HUG#1399350] 
 

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