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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00Dec 18 4:00 PM EST

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To: J. Nelson who wrote (8056)12/22/1998 2:52:00 PM
From: Mike Gold  Read Replies (1) of 25548
 
Jim, you should stop while you are behind! You attempted bashing is lame!

Medinah to drop Mina Claudia property

Lake Elsinore, Ca., January 28, 1998 ... Medinah Energy Inc. announces today that management has decided not to continue with the option to purchase the copper properties in Copiapó Chile. A final payment of a minor amount to the property owners is in the process of being resolved.

Company representatives in Chile are pursuing the previously announced pre-production gold properties. Management has adopted a policy of seeking to acquire only those properties recommended by company Engineers and Geologists as having imminent production potential.

Management requests that all shareholders have their shares registered with American Registrar and Transfer of Salt Lake City, Utah. Corporate information will be sent out to only registered shareholders so please be informed and register your shares.

- 30 -

On behalf of the Board of Directors

Per: Larry Regis, President

For further information, please call investor relations: Ralph or Al at 1 888 572 0170

To the best of my knowledge, the releases was not put out on the wires but was sent out to Registered Shareholders.

Sierra La Plata owns the Chilean assets. MDIN holds 100% interest in Sierra La Plata. The purchase contracts and the payment schedule were displayed at the AGM. Cheers!
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