Medusa Mining Limited
ASX : MML
LSE : MML

Medusa Mining Limited

February 24, 2012 00:58 ET

Medusa Mining Limited: Investor Presentation February / March 2012

TORONTO, ONTARIO--(Marketwire - Feb. 24, 2012) - Medusa Mining Limited (ASX:MML)(LSE:MML) -

Please find attached an updated Investor Presentation which the Company will present at the BMO Capital Markets 2012 Global Metals and Mining Conference in Miami in late February and the CITI 9th Annual Australian & New Zealand Conference in London in early March 2012.

Outlined below are Competent Persons' Consents in relation to resource and reserve information which appears in the Investor Presentation.

Medusa Mining Limited

Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Mr Geoff Davis, who is a member of The Australian Institute of Geoscientists. Mr Davis is the Managing Director of Medusa Mining Limited and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a "Qualified Person" as defined in "National Instrument 43-101" of the Canadian Securities Administrators. Mr Davis consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Cube Consulting Pty Ltd

Information in this report relating to Mineral Resources has been estimated and compiled by Mark Zammit of Cube Consulting Pty Ltd of Perth, Western Australia. Mr Zammit is a member of The Australasian Institute of Mining & Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a "Qualified Person" as defined in "National Instrument 43-101" of the Canadian Securities Administrators. Mr Zammit consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Carras Mining Pty Ltd

Information in this report relating to Ore Reserves is based on information compiled by Dr Spero Carras of Carras Mining Pty Ltd. Dr Carras is a Fellow of the Australasian Institute of Mining & Metallurgy and has 30 years of experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Or e Reserves" and is a "Qualified Person" as defined in "National Instrument 43-101" of the Canadian Securities Administrators. Dr Carras consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Carras Mining is an independent Perth based resource industry consulting firm specialising in geological modelling and resource and reserve estimations.

To view the investor presentation, please visit the following link: http://file.marketwire.com/release/768882_ip.pdf

ABN: 60 099 377 849

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