Medusa Mining Limited: Co-O Mine Mineral Reserve Estimate

Medusa Mining Limited (TSX: MLL)(ASX: MML)(AIM: MML) (”Medusa” or the “Company”), through its Philippines operating company Philsaga Mining Corporation (”Philsaga”), announces a newly completed JORC and NI 43-101 compliant Ore Reserve estimation for the Co-O Mine.

The Probable Reserve, as at 21 June 2010, now stands at 505,000 ounces contained in 1,465,000 tonnes at 10.7 g/t gold.

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