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

To: Handshake™ who wrote (10459)	3/25/1999 9:26:00 AM
From: OFW	Respond to of 25548

Just posted to Business Wire: LAKE ELSINORE, Calif.--(BUSINESS WIRE)--March 25, 1999--DDH 99-03 - ORE GRADE COPPER/GOLD VALUES - Drilled vertically, and beginning at 91 meters, a highly silicified hydrothermal breccia was encountered. DDH 99-03 was successfully completed to a depth of 297.5 meters (976 feet). The assay results from significant sections are as follows (silver and other metal values are not yet available): -0- T Interval Core length Core Copper grade DDH (meters) in meters length in Gold grade percent/ton 99-03 From - To feet grams/ton --------- --------- ----------- --------- ------------- ----------- 92-238 147 481.2 1.13 91-163 72 236.2 - .466 --------- --------- ----------- --------- ------------- ----------- Including 97-108 11 36 3.71 113-159 46 150.9 2.01 155 -158 3 9.8 12.86 91-127 36 118.1 - .775 --------- --------- ----------- --------- ------------- ----------- T DDH 99-04 - ABANDONED - Located 115 meters (375 ft.) NE of DDH 99-03, drilled at an angle of -60 degrees. Mechanical problems due to fracture zones and faulting caused the loss of four drill bits. The hole was abandoned at 120 meters, 72 meters true depth. DDH 99-05 - MULTIPLE MINERAL ZONES - located 25 meters (82 feet) SW of DDH 99-03 and drilled vertically. A multiple series of highly mineralized zones has been encountered. Drilling is continuing. On behalf of the Board of Directors Per: Larry Regis, President 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--KS/se* CONTACT: RGM Communications Inc. 1-800-547-9375 http:/www.medinahenergy.com/

To: Handshake™ who wrote (10459)	3/25/1999 9:33:00 AM
From: Ken Sammut	Read Replies (1) \| Respond to of 25548

Vinny (the stud muffin), Just my opinion but if the company was offered a low bid (by a major)in some type of joint venture, they would and should jump on it. As you have pointed out, no one likes the dilution the company has had to go through to fund the drilling project. The money for the next 5, 10, and 100 holes will have to come from somewhere. To me it does not matter what the average price present shareholders bought in at. What matters is the continued viability of our investment. If there is a major willing to offer $1.00 or $1.50 (per share)or somewhere in between, let's take it. Having a joint venture partner will give the company an opportunity and cash needed to begin testing some of the other properties we own. I rather get a few singles and doubles and still have the bat in my hand than hoping for a homerun that may or may not be coming. Ken