Shareholder Update - June 2, 2011

SHAREHOLDER UPDATE

June 2, 2011

Dear Shareholders:

As reported earlier, our pending Joint Venture Agreement will be deemed finalized“only” upon the release of the first of the scheduled tranches of funding payable to the respective land owners of the Minera Alto de Lipangue Limitada project in Chile.

We have been informed today, by the Joint Venture Agreement partners, that they are finally able to move ahead with the JVA funding provisions.  With proof of the JVA partner’s funding in place, the final documents, relative to the JVA partner’s exact ownership of Medinah’s “fully documented” title/claims interests, can now be notarized in Chile by all parties to the Joint Venture Agreement.  This transference of the percentage ownership holdings contained in the Agreement terms and conditions  precedes the release of the funding matters contained in the Joint Venture Agreement.

Subsequently, Medinah Minerals, Inc. (USA) and Medinah Minerals (Chile) representatives will meet with all parties to the Joint Venture Agreement and take receipt of apportioned funds on behalf of Medinah shareholders.

Negotiations are continuing with regard to individualized Letters of Intent as to “other” surrounding Lipangue area properties including Poniente, Oriente and Sur.  These negotiations are not part of the Joint Venture Agreement on the Minera Alto de Lipangue project.  Medinah Minerals, Inc. (USA) has a percentage interest, to be determined, in each of these pending LOI’s.

Medinah Minerals, Inc. (USA) trades and reports on the OTC Markets site and bears the legend "Yield-Limited Information" beside MDMN quotes.  This is opposed to the majority of Pink Sheet companies that bear the "skull and crossbones" symbol and the legend  "STOP-No Information".

The Company continues to strive to upgrade its reporting status to advance to the next tier level on the OTC market site.  This difficult ascension to become a fully reporting Sarbanes-Oxley compliant organization is a costly and time-consuming program, but each step completed, provides our shareholders with additional information concerning the activities of the Company.

In the month of March, Medinah Minerals, Inc. (USA) was contacted by FINRA representatives. FINRA by definition is a Self Regulatory Organization (SRO)whose main task is to monitor the activities of Broker/Dealers.  Secondarily, to address and review the corporate action practices of publicly trading companies.  FINRA is an investigative protection arm of the Securities & Exchange Commission (SEC). FINRA’s “inquiry only” request involved a historical overview of all Medinah’s operations, its claims holdings, etc. Additionally, FINRA requested evidence of our present transactional matters and proof of the identity of our JVA partners. All of the proprietary Joint Venture Agreement documents, correspondence, and chronological/coinciding update releases relative to the Company’s actions were immediately forwarded to FINRA. The Company’s follow-up calls made to FINRA headquarters resulted in no further inquiry information requested or needed by their organization.

The following practices are presently in place, or in staged progress.

1.   Preliminary approval for the Edgar system of reporting has been granted and the various requirements are being addressed.  We are waiting for final review and approval.

2.   The Company's CPA has prepared and filed all Corporate Income Tax Returns with the Internal Revenue Service for the years2001 to 2010 inclusive.

3.   Each year the Company prepares and circulates an updated 15c2-11 to all Market Makers to comply with the "adequate public information" requirements.

4.   Financial statements (unaudited)  are posted each quarter.

5.   The Company's website hosting is paid for,maintained, and updated as frequently as possible.  Medinah Minerals, Inc. (USA) is also a paid member on the OTC market’s site;  and all major announcements  are published on the OTC Markets Pink Sheets News section.

6.   Medinah is working with our Transfer Agent,the American Registrar & Transfer Co.,to comply with the "FAST/DWAC"(Fast Automated Securities Transfer and Deposit/Withdrawal at Custodian)program being offered by the Depository Trust Company.  This would allow Shareholders an easier and faster method of depositing and transfer of their holdings.

Upon the completion of JVA funding matters Medinah Minerals, Inc. (USA) will immediately post a News Release on the official Company website and OTC Markets site.  Additionally, professional informational firms are under contract to assist in disseminating news to data identified members of the worldwide mining community.                                                                

From time to time, Medinah Minerals, Inc. (USA) hosts Shareholders Meetings to provide registered Shareholders an opportunity to discuss issues.  This is not a requirement for a State of Nevada incorporated Pink Sheet Company, but Medinah will continue this practice. As there has been no significant finalization JVA news, the Company has held off a General Meeting.  The fact that the Company may finally be closing in on an “elusive” JVA funding deal an AGM is anticipated in the near future.

Juan José Quijano Fernández
President/CEO

Note: This News Release may contain certain “forward-looking statements” within themeaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in thisrelease, including, without limitation, statements regarding potentialmineralization and reserves, exploration results, and future plans andobjectives of Medinah Minerals, Inc. are forward-looking statements thatinvolve various risks and uncertainties.  There can be no assurance thatsuch statements will prove to be accurate and actual results and future coulddiffer materially from those anticipated in such statements.  Importantfactors that could cause actual results to differ materially from the Company’sexpectations are disclosed under the heading “Risk Factors” and elsewhere indocuments filed from time to time with the United States Securities andExchange Commission and other regulatory authorities.

Medinah Minerals, Inc. (USA) wishes toadvise that this is our official Web Site. Medinah Minerals, Inc. (USA) is not responsible for the PUBLICATION ofany Company information presented on any other site.