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Medinah Minerals, Inc.
April 15, 2011 - News Release
Published Apr 15 2011
5 min read

April 15, 2011 - News Release

MEDINAHMINERALS, INC. USA
NEWS RELEASE - APRIL 15, 2011

As reported in previous Company communications, Medinah Minerals, Inc., USA owns a 15% interest in the POLO group of claims in Southern Chile. The holdings comprise 10 main groupings, numbering in excess of  800 claims. Medinah's 15% interest is held through ownership of S.L.M. POLO, S.A.

A "Letter of Intention" was signed in Santiago, Chile on April 11, 2011 with International Copper Company Chile Limited. IICC has 45 days to complete their due diligence and final documentation of the terms and conditions.  IICC has the right to earn an 85% interest in the total POLO group of claims on the following terms (in US dollars): 

  1. Upon Contract Agreement signing - $75,000

  2. At six months - $75,000

  3. At 15 months - $100,000

  4. At 36 months  - .01 cents per pound of copper found during exploration for a minimum of $15 million and a maximum of $85 million.

  5. IICC shall invest in exploration on the concessions a minimum of $3 million.

Exploration activities are slated and scheduled to commence on or about April 27, 2011.

Juan Jose Quijano Fernandez
President/CEO