Medusa Mining Limited: Results of Annual General Meeting

PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 11/15/12 -- Medusa Mining Limited (ASX: MML)(LSE: MML) -

In accordance with Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act, wishes to advise that all resolutions put to the meeting of shareholders on 15 November 2012 have been passed on a show of hands.

Outlined below is a tabulation of the proxies received by the Company pertaining to each resolution.

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As ordinary
 resolutions to
 the:                 For      Against Discretionary Abstain (1)    Total
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1. Re-election of
    Robert
    Weinberg as
    Director      122,956,498  969,574     11,456      18,133    123,955,661
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2. Disapplication
    of pre-
    emptive
    rights (2)    120,216,118 3,480,694    11,456      247,393   123,955,661
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3. Approval of
    Remuneration
    Report        115,645,315  236,326     11,456     8,062,564  123,955,661
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Note:
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(1)   Votes relating to anyone who abstains on a resolution are not counted
      in determining whether or not the required majority of votes were cast
      for or against that resolution;

(2)   Resolution 2 is a special resolution and requires at least a 75%
      majority of all votes cast by shareholders entitled to vote on the
      resolution for it to be carried.

ABN: 60 099 377 849

Contacts:

Medusa Mining Limited

Peter Alphonso

Company Secretary

+618 9367 0601
www.medusamining.com.au