MEDUSA MINING LIMITED (MML)

name changed to Ten Sixty Four Limited

Medusa Mining Limited (ASX and AIM - MML; TSX - MLL) ("Medusa" or the "Company") is pleased to announce that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the "Official List") and to trading on the London Stock Exchange's Main Market for listed securities (the "Main Market"). Medusa hereby gives notice, pursuant to Rule 41 of the AIM Rules for Companies, of the intended cancellation of trading of the Company's issued share capital on AIM.

shares reinstated to quotation

Goldsearch advises that it has entered an agreement with Medusa Mining Limited, whereby Goldsearch will joint venture a gold project over the former Pinut-an Gold Mine and surrounding areas located on Panaon Island in the southern Philippines by undertaking work on the Project to a value of US$1 million to earn a 50% interest in the Project

advises it has placed a further 2,342,440 ordinary shares at 60 cents per share to clients of State One Stockbroking to raise approximately $1.4m - these clients will also receive at no cost, 585,610 listed 20 cent options expiring 31 January 2007

releases the names of the 20 largest holders of ordinary shares and listed 20 cent options expiring 31 January 2007 and the percentage held by each, following the allotment of securities in the Company's recent Rights Issue

advises that the Prospectus seeking to raise approximately $6 million via a non-renounceable Rights Issue ("Issue") closed last Friday, 16 September 2005 - the Issue raised gross proceeds of $6,113,606 (being the maximum allowed under the Issue)

the company advises that it has received acceptances from shareholders for 2,875,571 new ordinary shares to raise $1,725,343 in the Rights Issue ("Issue") (which closed on 8 September 2005), representing a shortfall of $ 4,388,263 - as announced on 5 September 2005, the Company has secured commitments from several parties to take up any shortfall in the Issue - the Directors (at their discretion) are currently in the process of finalising shortfall allocations

company advises that it has secured commitments from several parties to fully underwrite any shortfalls in the Company's Rights Issue, seeking to raise approximately $6 million - these agreements are in the nature of shortfall placement agreements and consistent with the Issue Prospectus of 12 August 2005 by which the Directors of the Company reserved their right to place shortfall at their discretion and pay a placement fee of approximately 5% of the shortfall subscription moneys

company lodges an application for quotation of additional securities

company advises that the Prospectus lodged with ASIC and the ASX on 12 August 2005 was despatched to the Company's shareholders yesterday

company releases what it describes as an Investor Presentation - there is no explanation as to its purpose or as to whom it was made

issues mining report

company advises that it has reached agreement with the Principal Shareholders of Philsaga Mining Corporation ("Philsaga") to extend the end date of the Philsaga transaction relating to the acquisition and ownership of all of Philsaga's assets in Central Eastern Mindanao, Republic of Philippines to 21 November 2005

company advises that it has secured access to cashflow by executing a Lease and Option Agreement with Philsaga Mining Corporation and its principal shareholders to acquire Philsaga's treatment plant and associated facilities

releases fourth quarter's activities and cash flow reports

company advises that the Philsaga Transaction will not proceed because of title issues

LinQ Capital Limited advises it has terminated the $6m Convertible Note facility which was to be used by Medusa Mining to finance the Philsaga assets

shares suspended from quotation pending the outcome of resolutions concerning a change in the activities of the company

shares reinstated to official quotation

shares suspended from quotation pending an annoucement on 22/12/04