Medusa Mining Limited

Medusa Mining Limited

December 21, 2009 10:04 ET

Medusa Mining Limited: Exercise of Options

COMO, WESTERN AUSTRALIA--(Marketwire - Dec. 21, 2009) - Medusa Mining Limited ("Medusa" or "the Company")(TSX:MLL)(ASX:MML)(AIM:MML) announces that it has today issued 600,000 new ordinary shares of nil par value in the Company, following the exercise of options by an employee of the Company at an exercise price of Aus$0.4334 per share.

The new ordinary shares will rank pari passu with existing ordinary shares and application will be made for 600,000 new ordinary shares to be admitted to trading on AIM, which is expected to occur on 24 December 2009.

Following the issue of the new ordinary shares, the Company has a total of 170,381,960 ordinary shares of nil par value on issue.

ABN: 60 099 377 849

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