TIDMMML

RNS Number : 1507L

Medusa Mining Limited

27 July 2011

Medusa Mining Limited

("Medusa" or the "Company")

27 July 2011

Holdings in Company

Medusa was informed today that as of 25 July 2011 Vanguard Precious Metals and Mining Fund was beneficially interested in a total of 23,740,000 ordinary shares of nil par value in the Company which represents approximately 12.61% of the issued share capital of the Company and an increase in shareholding of 2,015,000 ordinary shares since the previous notification by Vanguard Precious Metals and Mining Fund as announced on 13 June 2011. The registered owner of the 23,740,000 ordinary shares is JPMorgan Chase Bank, N.A.

Contact details:

Medusa Mining Limited

+61 8 9367 0601

Geoffrey Davis, Chairman

Fairfax I.S. PLC

+44 (0)20 7598 5368

Financial Adviser / Broker

Ewan Leggat / Laura Littley

This information is provided by RNS

The company news service from the London Stock Exchange

END

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