Medusa Mining Limited announced the update of the JORC compliant Mineral Resource estimation for the Bananghilig Gold Deposit. An additional 14 infill holes are commencing to convert additional Inferred Resources to Indicated Resources. Following completion of this second phase of infill drilling, an updated resource estimate will be reported with the annual resource updates in July to August 2013.

The conversion of Inferred Resources to Indicated Resources is re-commencing with an additional 14 holes planned. A new Indicated-Inferred Resource estimate will subsequently be undertaken and published in the September quarter of this year with the annual resource statement.