Medusa Mining | Resumption of Operation

Resumption of Operation
(ASX: MML)

Medusa Mining Limited (“Medusa” or the “Company”), through its Philippines affiliate, Philsaga Mining Corporation (“Philsaga”), is pleased to provide the following update on operations at the Co-O Gold Mine.

The local government of Bunawan, the municipality where the Co-O mine is located,
had granted the company the permission to operate on certain conditions stated in the application and relating to Covid-19, including sourcing workers from only the
immediate areas which would have some impact on near term production. The
Company has recommenced operations today.

The safety of our workforce and host communities is of the upmost importance to us. The Company will continue to implement precautions to avoid or minimise any COVID19 health risk to our people while at work. The site remains COVID-19 free.

The impacts of COVID-19, the Enhanced Community Quarantine and travel
restrictions will continue to be monitored closely and Medusa will respond accordingly. We will work diligently to maintain the safety of our people, achieve the best results practicable and keep shareholders informed of any material developments.

Source: Medusa Mining

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