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

To: on parole who wrote (9436)	2/24/1999 2:48:00 PM
From: OFW	Read Replies (1) \| Respond to of 25548

Medinah Energy Corrects and Replaces Previous Announcement, Medinah Energy Corrects and Replaces Previous Announcement, BW98, CA-MEDINAH-ENERGY Business Editors NOTE: The following news release replaces and corrects the previous Medinah Energy news release, which ran earlier Wednesday on Business Wire, BW98, CA-MEDINAH-ENERGY LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Feb. 24, 1999-- Gordon House, P.Geo, Reports Mineralized Porphyry Deposit Confirmed At Medinah's Alto De Lipangue Project, Chile The first diamond drill hole on Medinah's (OTC BB:MDIN) Alto de Lipangue project was completed at a depth of 70 metres (230 ft.). The target was intersected at 27 metres and consisted of a sulphide zone of mainly pyrite contained in andesite rock. This is a halo zone of sulphides near the contact between the andesite and the granodiorite intrusive. Drilling continued past the target in order to test for a change of rock type. This hole established an eastern boundary for the next sequence of targets. Hole No. 2, at the edge of a large anomaly, aimed to intersect a target at a depth of 150 metres. Mineralization was visible in the core from a depth of 130 metres to 200 metres, inclusive and concluded at 250 metres (825 ft). Copper and molybdenum are visibly present along with several other sulphides. The drills have intersected the eastern flank of a mineralized porphyry system. The core will be assayed for gold, silver, copper and molybdenum. The next hole will be drilled in the centre of the large anomaly as shown by the IP survey. A geophysicist from Howe Chile Ltda. has been on site since February 19 correlating the physical data from the drilling. Mr. William Gilmour, P.Geo., a porphyry expert of Discovery Consultants Inc., will be on site in Chile March 1 to further assist in drilling out the targets. On behalf of the Board of Directors Per: Larry Regis, President For further information, contact Ralph or Alan at Investor Relations at 1-888-572-0170 or 1-800-547-9375 or http:/www.medinahenergy.com 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 Energy, 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 anticipate 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. --30--bl/ny* CONTACT: Medinah Energy, Inc. Investor Relations Ralph or Alan, 888/572-0170 www.medinahenergy.com Cusip# 584892 20 2