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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: KMT who wrote (808)	1/13/1998 7:50:00 PM
From: KMT	Respond to of 25548

All: Attached is a typed copy of the news release I was faxed this evening. It's awesome. My comments will follow in another message. ======================================================= NEWS RELEASE Lake Elsinore, California - January 14, 1998 HIGHLIGHTS * Medinah is negotiating the acquisition of additional gold properties in Chile * Mineral reserves estimated to exceed 100,000,000 cubic meters (130,800,00 cubic yards) * Historic gold zone produced recoveries of 1.5 to 2.9 grams gold per cubic meter (2.0 to 3.8 grams gold per cubic yard) * Anticipated production cash cost estimated at less than US $120.00 per ounce Medinah ENergy Inc. has entered into negotiations to acquire two additional gold properties in Chile. The property names and locations will be released after the completion of the acquisitions. Historical information, dating back to the year 1742, indicates it to be some of the richest grounds in Chile. One period of production processed 300,000 cubic meters (392,000 cubic yards) of material with an average recovery of 0.6 grams of gold per cubic meter (0.03 ounces of gold per cubic yard). Testing by the property owner in 1996, using a retroexcavator, achieved a greater penetration into the pay zone. A descent of 21.8 meters (24 yards) into the gold zone produced recoveries of 1.5 to 2.9 grams of gold per cubic meter (2.0 to 3.8 grams per cubic yard). The mineral reserves are expected to exceed 100,000,000 cubic meters (130,800,000 cubic yards). The gold zones on the first property are composed mainly of alluvial glacial deposits with yield zones 60 meters thick and 350 meters wide (66 yards x 385 yards). The strike length of this deposit is 1- kilometers (6 miles). The second property has a yield zone of 10 meters thick, 120 meters wide (11 yards x 132 yards) and a strike length of 10 kilometers (6 miles). The company engineer, Mr. Paul Jones P. Eng., reports that these types of alluvial deposits are ideal for the mill facility that the company has purchased and shipped to Chile. After recent property examination, Mr. Jones made a strong recommendation to proceed with the construction of a bulk testing facility to verify grades and recovery. The engineer suggested "that the properties deserve management's intense scrutiny as they were former producers of significant amounts of gold and embrace tremendous potential for expansion through unexplored, virgin ground". Based upon these recommendations and the property's history, Mr. Jones has been instructed to proceed with mill setup and testing. The cost of gold production is expected to be less than US $120.00 per ounce, all inclusive. Test production results and full production dates will be announced as soon as the information is available. Management is committed to expanding the company interestes in production opportunities. With the completion of the aforementioned acquisitions, Medinah Energy Inc will be in the positive position of becoming a major low cost gold producer in Chile. Medinah Energy Inc. is a mining exploration company quoted on the OTC Bulletin Board (MDIN) with 39,130,334 million shares outstanding. The company will meet full reporting requirements. For further information, please call investor relations: Ralph or Al at 1-888-572-0170. On behalf of the Board of Directors Per: Larry Regis, President

To: KMT who wrote (808)	1/13/1998 8:27:00 PM
From: KMT	Read Replies (2) \| Respond to of 25548

All: Major postivive news release, IMO. First... Reserves of 130,800,000 cubic yards times 0.03 ounces of gold per cubic yard yields approximately 4,000,000 ounces of gold. Even with the current price of gold we're looking at $160 net profit per ounce which would be over $600,000,000. Can you say significantly, undervalued? That's using the old figures of .6 grams of gold per cubic meter. Use the new figures from recent testing and you're looking at 3 times that amount. This could be the richest gold deposit in the world with over 10,000,000 ounces of gold. I'd say that makes this little $.12 stock worth 100x in the relatively near future. Second... Add this to the two properties mentioned in the December 17th news release, it's my understanding they're not the same properties, along with all the claims in the Andcollo which amount to around 1,000,000 ounces of gold. Third... Throw in a 1,200,000 share short position that my research indicates has to cover in the next week (more on that later). Fourth... The company was very clear about the shares outstanding, i.e. no dilution as some had thought. Fifth... The company is going to be a full reporting company....audited financials to the SEC and everything else included with it. I know as of as of September, 1997, a 15c11 form and all required reporting documents had been filed with the regulatory authorities. Sixth... It's time to blast off. KMT