Shareholder Update - November 23, 2011

SHAREHOLDER UPDATE

Altos de Lipangue
November 23, 2011

Dear Shareholders:

The Directors of Medinah Minerals, Inc. (USA) and Medinah Minerals (Chile) S.A. spent a very productive week In Santiago, Chile, meeting with the Principals of several large mining companies.  They each state that their legal staffs are working on Joint Venture proposal offers for the Altos de Lipangue group of claims.

We will now provide shareholders with the corporate developments pertaining to the Altos de Lipangue Joint Venture.

The signed, but unfunded, JVA contract with the original Joint Venture Group, no longer has exclusivity rights to any of the Lipangue properties. Their offer included a unique formula of substantial up-front cash payments; percentages of which were contracted to be spent in further exploration leading to developing the ore bodies at the Altos de Lipangue.  This Agreement was potentially beneficial to the Company for the overall development of the property holdings.  Medinah Minerals (Chile) S.A. would continue to retain substantial control of 70% percent ownership interest in the Lipangue group of claims, but unfortunately the deal was not consummated.  The industry standard Joint Venture Agreement with a major mining company and a junior with a semi-developed property, usually stresses the further development of the property with cash payments over the term of the contract and a final buyout of a substantial ownership percentage of the entire project when proven.

In the opinion of Management, the current Joint Venture proposals are to be structured on a more normative format and present even greater opportunity.  A substantial up-front payment is also part of the new proposals but the focus of additional expenditures is solely on the development of the properties and the exposing of the potentially massive ore deposits contained therein.  Medinah Minerals (Chile) S.A. would also maintain a significant and continuous free-carried interest in the Lipangue group of claims.  This structure is beneficial because the companies that we are dealing with are producing miners with full knowledge of the industry, access to all the expertise required to bring Lipangue into production and all of the equipment required to explore, develop, mine and refine the ore.  They also have the financial capability that will be required to develop and provide the necessary infrastructure for what numerous mining experts have stated will be a discovery of significant distinction.

Each of the entities in negotiations profess that concurrent with formally signing a Joint Venture Agreement, they are ready for an immediate startup of exploration drilling in several areas of the Lipangue plateau.

Management feels that the greatest benefit to the Company and its shareholders will be the wealth to be generated from the processing of the ore bodies contained at Lipangue.  Potential revenues from this ore body could go on for several decades, producing ongoing wealth beyond the initial cash portion of the JV contract.  When secured with partners who are proven mining professionals the retention of a substantial carried interest in all commodities extracted from Lipangue, now and for the life of the intended mining operation, could assure the future success of the Medinah group of companies.

The Altos de Lipangue properties display indications of massive intrusives in its scale of deposition minerals, though varied in their exact extent.  To one side, we have massive iron-rich ore deposition with associated gold and silver values.  Rounding the southern corner, we move into potentially very rich molybdenum deposits with higher gold and some spectacular silver content.  Moving centrally into the discovery areas we have a wealth of copper deposition with the potential of sufficient gold associated to pay all of the mining costs, later becoming a free bi-product capture.  Further, we have the known high-grade gold found in quartz veining structures and massive arseno-pyrite across the entire plateau and continuing to the north side at the Las dos Marias discovery that is currently monetized for mining operations. Underlying all of this, we have experts that believe in the evidence of a porphyry condition that intruded the mountain flooding in a metals-rich magma and creating an even larger deposit for mining in the lower levels of Lipangue.  We have only just begun to fathom the long-term potential of the Altos de Lipangue properties.

There is much to review and contemplate during the next short timeframe and major decisions to be made.

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.