Investor Presentation

Medusa Mining Limited

("Medusa Mining" or "the Company")

5 March 2011

INVESTOR PRESENTATION

Please find attached an updated Investor Presentation which the Company will present at The Euroz Securities Limited Rottnest Conference on 5 March 2014. The Investor Presentation can be accessed through the following link:

http://www.rns-pdf.londonstockexchange.com/rns/5120B_-2014-3-4.pdf

Please find below the Competent Person's consent in relation to resource and reserve information which appears therein.

JORC COMPLIANCE - CONSENT OF COMPETENT PERSONS

Medusa Mining Limited

Information in this report relating to Exploration Results is based on information compiled by Mr Gary Powell, who is a member of The Australian Institute of Geoscientists and the Australasian Institute of Mining and Metallurgy. Mr Powell is a Non-Executive Director of the Board 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 2012 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 Powell consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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