Investor Presentation

Medusa Mining Limited

("Medusa Mining" or "the Company")

10 November 2011

INVESTOR PRESENTATION

Medusa Mining announces an updated Investor Presentation which will be delivered at the Company’s Annual General Meeting, to be held in the Goldsworthy Room, Pan Pacific Hotel, 207 Adelaide Terrace, Perth, Western Australia at 11.00 am, and upcoming presentations in London and Europe. The Investor Presentation will be available on the Company's website, http://www.medusamining.co.au, shortly or can be accessed through the following link:

http://www.rns-pdf.londonstockexchange.com/rns/8521R_-2011-11-10.pdf 

Contacts:

Australia

Medusa Mining Limited

Peter Hepburn-Brown

Managing Director

+61 8 9367 0601

Medusa Mining Limited

Geoff Davis

Chairman

+61 8 9367 0601

Medusa Mining LimitedPeter AlphonsoCompany Secretary+618 9367 0601Website: www.medusamining.com.au

United Kingdom

Fairfax I.S. PLC

Financial Adviser and Broker

Ewan Leggat/Laura Littley

+44 (0)20 7598 5368