Medusa Mining Limited, through its Philippines subsidiary, Philsaga Mining Corporation, is providing an update on its portfolio of copper prospects.

The portfolio now comprises nine prospects and targets.

Additional prospects have been added in the Tambis District, the Sawahon prospect where reconnaissance outcrop samples returned to 0.44 % Cu and 0.10 g/t gold in favourably altered diorite and the Lower Bananghilig prospect where reconnaissance samples in stockworked volcanics returned 0.16% Cu and 0.35 g/t gold.

Work during this financial year to 30 June 2011 focussed on mapping and relogging of core for Kamarangan and Lingig, and mapping and ridge and spur soil sampling at the Sawahon prospect.

An extensive programme of Induced Polarisation and resisitivity geophysics totalling approximately 186 line kilometres in conjunction with ground magnetics commenced on 2 May 2011 to cover the Sawahon to Supon zone, and the Kamarangan, Usa and Lingig prospects prior to further drilling which is being planned for the 2011/12 financial year.

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