MEDINAH MINERALS Question & Answers
September 11, 2009

Question & Answer postings are compiled from time to time, as an information source as to company actions and/or activities.  Q&A posts will continue in the post-Joint Venture Agreement phase concerning Company activities, to provide ongoing information for the benefit of Medinah Minerals shareholders.

Q:   I have heard via shareholder calls and the grapevine that certain indivuduals are contacting shareholders and trying to borrow Medinah shares to sell against the market. I do not know for sure but I would suspect this group is associated with or are the people who are short a large number of shares. They would therefore need to drive the stock price down in order to save their sorry butts.

They are apparently offering to share the profits from this questioable activity in exchange for the loan of stock. Is this not illegal as conspiring to fraudulently manipulate the share price of a US trading company?

A:  The Company has no proof that this is in fact taking place but has received numerous calls from Shareholders that a Group, well connected to the brokerage community, is allegedly attempting to short the stock, utilizing shares borrowed from Shareholders and, at the same time, circulating negative information about the Company.

Obviously, if this were in fact true, the actions would violate several SEC rules and regulations.