Shareholder Update - April 27, 2012

SHAREHOLDER UPDATE

April 27, 2012

Dear Shareholders:

Between the dates of April 19-25, 2012, Medinah Minerals (Chile) S.A. Directors conducted numerous meetings in and near Santiago, Chile along with a Director representative of Medinah Minerals, Inc. (USA). The purpose(s) of these meetings were to discuss, inspect, and evaluate the progress relative to the Altos de Lipangue Property Sales Agreement, with specificity to the funding provisions to further prove up the property claims.  Also of importance, were the reports of a significant gold-bearing quartz vein discovery at the Las dos Marias site.  A separate news update, dealing with the Las dos Marias mining venture, will explain the full details of LDM matters.  A complete chronology of the Medinah Board of Director member activities will be reported in the next few days.

We were advised that the Purchasing Company’s Mining Engineer and Geologist have concluded an intensive study of the Altos de Lipangue group of claims and have made recommendations for the initial work programs to begin this spring (fall in Chile). The initial proposed work will include geochemical, geophysical and diamond drillings programs.  Up to 20,000 meters of diamond drilling is proposed to begin defining ore bodies and examining the extent and depth of the intrusive mineralized porphyries.  Their first recommendation proposed the expenditure of $5,000,000 million dollars during the initial phase, but after concluding a more intensive on-site investigation of the potential size of the Lipangue ore body, their stated budget recommendation has now been increased to $7,000,000 million dollars.

The purchasing company has negotiated a separate contract for the right of first refusal for the potential purchase of Medinah Minerals (Chile) S.A.’s 15% retained interest.  This means that if Medinah Minerals (Chile) S.A. is offered a buyout of the retained interest by any entity, the Claims purchasers have first option to buy by matching the terms of the offer received.  It should be noted that there is no requirement, at this time or in the future, to sell any portion, or all, of the 15% free-carried interest held in combination by Medinah Minerals (Chile) S.A. and Medinah Minerals, Inc.

The Claims Purchasers have agreed with Medinah Minerals (Chile) S.A. Management that they will soon advance all funds necessary for the initiation of the contract to begin the diamond drilling work programs that have now been agreed to by all parties.  Señor Quijano has agreed to this arrangement and has approved the detailed work programs as to the extent and scope of the first phase of exploration.

Señor Quijano has expressed his satisfaction with the corporate arrangements, the initiation of specific drill work locations, and the full cooperation of all parties to come to the finalization of the funding.

We look forward to the upcoming developments at the Altos de Lipangue plateau. We are optimistic that the discoveries may surpass our initial expectations.  We are even more encouraged with the “by-chance” discovery made at the Las dos Marias properties where we anticipate potential gold recoveries could exceed our initial projections.

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.