Medusa Mining Limited: Investor Presentation April 2013

PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 04/14/13 -- Medusa Mining Limited (ASX: MML)(LSE: MML)

SNAPSHOT OF MEDUSA

--  Un-hedged, low cost gold producer focused on organic growth in the
    Philippines
--  5 year, 2-phase growth path to production of 400,000 ounces per year
    underpinned by strong cash flow from Co-O Mine (narrow vein underground)
--  Targeted production:
    --  FY 2013 (revised): 70,000 to 80,000 ounces at cash costs circa
        US$290 per ounce
    --  FY 2014: 200,000 ounces at cash costs circa US$220 per ounce
    --  FY 2015: 200,000 ounces at cash costs circa US$230 per ounce
--  Total Mineral Resources now in excess of 3 million ounces
--  Conceptual exploration target size(ii) of Co-O Mine of 3 to 7 million
    ounces
--  Excellent exploration upside (820 km2 of tenement):
    --  high grade vein and disseminated bulk gold targets, plus nine copper
        targets
    --  exploration budget for FY 2013 of US$25M

(ii) The potential exploration target size and grade of the Co-O Mine is
     conceptual in nature and there has been insufficient exploration to
     define a mineral resource. It is also uncertain if further exploration
     will result in the target being defined as a mineral resource.

To view the presentation, please visit the following link: http://file.marketwire.com/release/MML0412.pdf

ABN: 60 099 377 849

Contacts:

Australia

Medusa Mining Limited

Peter Hepburn-Brown

Managing Director

+61 8 9367 0601
www.medusamining.com.au


United Kingdom

SP Angel Corporate Finance LLP

(Financial Adviser & Broker)

Ewan Leggat/Laura Littley

+44 (0)20 3463 2260