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8 September 2008



                        MEDUSA MINING LIMITED
                             (AIM: MML)


                      2008 Report and Accounts

Medusa Mining Limited ("Medusa" or the "Company"), the Australian
based company operating and developing gold mines in the Philippines,
advises that the Company's Report and Accounts for the year ended 30
June 2008 is now available to be downloaded from the Company's
website at

www.medusamining.com.au







For further information, please contact:


Medusa Mining Limited                   +61 8 9367 0601
Geoffrey Davis, Managing Director
Roy Daniel, Finance Director

Fairfax I.S. PLC                        +44 (0)20 7598 5368
Nominated Adviser / Joint Broker
Ewan Leggat

Mirabaud Securities Limited             +44 (0)20 7321 2508
Joint Broker
Peter Krens

Lothbury Financial                      +44 (0)20 7011 9411
Michael Padley / Louise Davis

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