MDMN Shareholder Update ~ July 24, 2012 SHAREHO

MDMN Shareholder Update ~ July 24, 2012

SHAREHOLDER UPDATE 
July 24, 2012 



Dear Shareholders: 

Certain restrictions contained in the original Non-Disclosure Agreement between Medinah Minerals (Chile) S.A. and the purchasers of the Company’s Altos de Lipangue group of claims, Amarant Mining Ltd., and Associates, have been lifted. 

Amarant Mining Ltd. and Associates have disclosed, in their News Release posting on Thursday, July 19, 2012, that they have purchased 85% of the Altos de Lipangue group of claims near Santiago, Chile. This information was publicly released by Amarant Mining Ltd. and Associates due to mandatory disclosure requirements of related parties. 

Allowable details of the terms of purchase and sales price of the 1508 Altos de Lipangue properties had been released by Medinah Minerals (Chile) S.A. in our July 17, 2012 Shareholder Update. Medinah Minerals, Inc. can now confirm that Amarant Mining, Ltd. and Associates are our new partners. Further, that they have now finalized their funding issues in order to begin funding aspects agreed to in the original Purchase Contract among parties. 

Management of Medinah Minerals, Inc. is pleased to inform our shareholders that our Company Attorney has received formal notice that the Company achieved another elevation upgrade in the Company’s listing status on the OTC Pinks. In keeping with our ultimate goal to progress toward fully reporting status, Medinah Minerals, Inc. has now been upgraded to an “Alternative Reporting Standard”. These steps were pursued in order to progress to our final intention of becoming a fully reporting OTC company. 

All of the filings required to meet our New Reporting Standard were submitted last month, deemed to be complete, up to date, and were approved by OTC Markets staff.