Shareholder Updates - October 5, 2012

SHAREHOLDERUPDATE

October 5,2012

DearMedinah Shareholders:

MedinahMinerals (Chile) S.A. reportsthat the Purchasers of the 1,508 Alto de Lipangue claims, Amarant Mining Ltd., havefunded the initial development work program. This meets their obligations relative to commencing the exploration anddrilling mandates articulated in the Purchase Contract for USD $180,000,000.  This funding is not in a Joint Ventureconcept, but is provided directly by the Purchaser, Amarant Mining Ltd., and is under their direct control,as are the Altos de Lipangue development programs.  Medinah has a 15% free-carried interest, ad-infinitum, in the entire project.

Crews and equipment are presentlybeing assembled in Santiago and will mobilize transportation of required items to the Altos de Lipangueproject site in October.  The work willinclude surface mapping, geochemical and geophysical programs as well as theinitiation of a 20,000-meter drilling program.  The contractual obligation for the first phaseof work was USD $5,000,000, but the Purchasers have now budgeted and increased this figureto an amount described as USD $6,700,000 in anticipation of discoveries thatmay demand more extensive investigation.   The neighboring  Las dos Marias property has delivered suchsurprises and these discoveries have been closely observed by the Purchasers Geologistsin the employ of Amarant Mining Ltd. and theirassociates.

Medinah Minerals (Chile)S.A. and associates have received their contractual security deposit of 90,000,000shares of Alluvia Mining Limited.  The shares of AlluviaMining Limited were registered with “Crest Capital” in August 2012, andsubsequently they became affiliated with Eurocan, Sweden in September2012.  The Alluvia Mining Limited Companyalso intends to pursue an added listing on the AIM (Europe).  Ten percent of the Alluvia Mining Limitedshares are being repurchased by Amarant Mining Ltd. for $5.4 million.

Alluvia Mining Limited states that they are proceeding with a $150,000,000Convertible Note offering to complete financing of their mining properties(refer to “Projects” on Medinah’s website) for their memorandum.

The “Company Information and Disclosure Statement”, Rule 15c-211(a)(5),is posted on the OTC Markets Pink Sheets as full disclosure of the Company’sactivities through October 1, 2012.  OurCompany's intended goal is to ascend to a fully reporting status in the nearfuture.

SeñorJuan José Quijano Fernández
President/CEO

Note:  ThisNews 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.