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Medinah Minerals, Inc.
Shareholder Update - June 10, 2014
Published Jun 10 2014
4 min read

Shareholder Update - June 10, 2014

SHAREHOLDER UPDATE

Acceptance of Altos de Lipangue Joint Venture Agreement

June 10, 2014

 

Dear Medinah Shareholders:

 

Medinah Minerals, Inc. ("MDMN" or "the Company", OTCBB: MDMN) is pleased to report that its
Chilean subsidiary, Medinah Mining Chile, has accepted a Joint Venture offer with regard to the
Altos de Lipangue group of claims in Chile.

 

Medinah Minerals, Inc. officials will travel to Peru and Chile on June 23 to meet and perform due diligence as
to the Joint Venture Terms and Conditions, and to determine timeline exploration development responsibilities
of the respective parties.  These steps will be undertaken to legalize the Contract in compliance with
Peruvian and Chilean mining laws.

 

Medinah Minerals, Inc. Board Member, Jose R. de Romana Letts, disclosed that he is an affiliate of the
Joint Venture entity in question and recused himself from these negotiations.

 

A report of the final Agreement details will be released subsequent to the visits to Peru and Chile.

 

Dennis B. Tenney, CEO

Medinah Minerals, Inc.


 

Cautionary Statement ? Forward-Looking Information

This news release may contain certain ?forward-looking statements? within the meaning of the United States Securities Exchange
Act of 1934, as amended.  This forward-looking information includes, or may be based upon estimates, forecasts and statements
of management?s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size
and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production
and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment
and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities,
acquisition of shares in other companies and the financial results of the company.  There can be no assurances that such statements
will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in
such statements.  Mineral resources that are not mineral reserves do not have demonstrated economic viability.  Inferred
mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable
them to be categorized as mineral reserves.  There is no certainty that mineral resources will be converted into mineral reserves.