Holding in Company

Medusa Mining Limited

("Medusa" or the "Company")

28 June 2013

Holdings in Company

Medusa was informed today that, as of 26 June 2013, Wellington Management Company LLP was beneficially interested in a total of 12,932,853 ordinary shares of nil par value in the Company which represents approximately 6.85% of the issued share capital of the Company.

Contact details:

Medusa Mining Limited

+61 8 9367 0601

Peter Hepburn-Brown, Managing Director

SP Angel Corporate Finance LLP

+44 (0)20 3463 2260

UK Broker

Ewan Leggat / Laura Littley