Shareholder Updates - October 5, 2012 Oct 05, 20

Shareholder Updates - October 5, 2012
Oct 05, 2012

OTC Disclosure & News Service

Las Vegas, NV -
SHAREHOLDER UPDATE

October 5,2012



DearMedinah Shareholders:

Medinah Minerals (Chile) S.A. reports that the Purchasers of the 1,508 Alto de Lipangue claims, Amarant Mining Ltd., have funded the initial development work program. This meets their obligations relative to commencing the exploration and drilling mandates articulated in the Purchase Contract for USD $180,000,000. This funding is not in a Joint Venture concept, but is provided directly by the Purchaser, Amarant Mining Ltd., and is under their direct control,as are the Altos de Lipangue development programs. Medinah has a 15% free-carried interest, ad-infinitum, in the entire project.

Crews and equipment are presently being assembled in Santiago and will mobilize transportation of required items to the Altos de Lipangue project site in October. The work will include surface mapping, geochemical and geophysical programs as well as the initiation of a 20,000-meter drilling program. The contractual obligation for the first phase of work was USD $5,000,000, but the Purchasers have now budgeted and increased this figure to an amount described as USD $6,700,000 in anticipation of discoveries that may demand more extensive investigation. The neighboring Las dos Marias property has delivered such surprises and these discoveries have been closely observed by the Purchasers Geologists in the employ of Amarant Mining Ltd. and their associates.

Medinah Minerals (Chile)S.A. and associates have received their contractual security deposit of 90,000,000 shares of Alluvia Mining Limited. The shares of Alluvia Mining Limited were registered with “Crest Capital” in August 2012, and subsequently they became affiliated with Eurocan, Sweden in September 2012. The Alluvia Mining Limited Company also intends to pursue an added listing on the AIM (Europe). Ten percent of the Alluvia Mining Limited shares are being repurchased by Amarant Mining Ltd. for $5.4 million.

Alluvia Mining Limited states that they are proceeding with a $150,000,000 Convertible Note offering to complete financing of their mining properties(refer to “Projects” on Medinah’s website) for their memorandum.

The “Company Information and Disclosure Statement”, Rule 15c-211(a)(5),is posted on the OTC Markets Pink Sheets as full disclosure of the Company’s activities through October 1, 2012. Our Company's intended goal is to ascend to a fully reporting status in the near future.

Señor Juan José Quijano Fernández
President/CEO

Note: This News Release may contain certain “forward-looking statements” within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Medinah Minerals, Inc. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed under the heading “Risk Factors” and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.