Medallion Resources Provides Corporate Update
Published : February 19, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2013) - Medallion Resources Ltd. (News - Market indicators)(OTCQX:MLLOF) ("Medallion" or the "Company") is pleased to provide an update of recent Company developments. 

In support of Medallion's strategy of locating its proposed large-scale, rare-earth-processing facility within the Middle Eastern Gulf States, the Company continues to negotiate financing and investment terms with a number of interested sovereign-related parties, who want to locate the facility at a suitable industrial site within their jurisdictions. 

"While we're very pleased with the strong interest from various parties, we're disappointed that this step has taken longer than expected; however, we remain confident that an agreement can soon be achieved," said Dr Bill Bird, Medallion Chairman and CEO. "In the rare-earth business, developing a sound economic approach to production is difficult and time consuming. Those that are attempting to advance complex projects using untried technology, and the investing interests that follow them, are coming to realize just how difficult and time-consuming this can be. We, at Medallion, are convinced that our monazite-processing strategy, which relies upon commercially-proven technology to process readily available high-grade monazite, is the ultimate solution to the non-Chinese world's need for low-cost, low-risk supplies of rare-earth products."

Constructive discussions also continue with heavy-mineral-sands producers that have sufficient monazite resources to supply Medallion's targeted initial rare-earth-oxide production of 10,000 tonnes per annum. These discussions have advanced beyond the supply of monazite to include potential partnerships, or some other form of participation, in the processing of the monazite.

Medallion's planned production strategy is to exploit available supplies of monazite, a rare-earth phosphate mineral with a proven, metallurgical extraction process that has successfully produced commercial rare-earth products for over 100 years. Monazite is currently produced as a by-product of heavy-mineral-sands mines, which are large-scale titanium and zircon operations generally located in Australia, South Asia and Africa. 

A rare-earth processing facility, located within the Gulf States, offers proximity to the majority of the world's monazite resources, access to world-class ports and industrial infrastructure, availability of low-cost chemicals, gas and power, and the support of industry-friendly jurisdictions. These critical success factors, combined with the region's proven capability to fund strategic industrial ventures, support the Company's initiative to locate its proposed rare-earth processing facility in this region. 

About Medallion Resources Ltd.

Medallion is rethinking rare earths. Headed by Dr. Bill Bird and supported by an experienced technical team, the Company believes it is well positioned to identify and exploit the world's most promising rare-earth opportunities. Medallion's strategy is to target large deposits amenable to straightforward low-cost mining and metallurgical processes that lead to near-term, rare-earth production and long-term, low-cost supply. Rare earths are used in critical components for virtually all computing and mobile electronic products, as well as wind turbines, electric and hybrid vehicles and strategic defense systems. Medallion is committed to following best practices and accepted international standards in all aspects of mining, mineral processing and the safe management of waste materials. More about Medallion (News - Market indicators)(OTCQX:MLLOF)(FRANKFURT:MRD) can be found at www.medallionresources.com.

Medallion management has prepared this news release and takes full responsibility for content. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Medallion's future exploration, production and financing plans, objectives or goals, including words to the effect that Medallion or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. Such risks include expectations that may be raised by discussing potential business, acquisitions or development plans. Also, in order to proceed with Medallion's plans, additional funding will be necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate Medallion's plans.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Medallion Resources Ltd.
Donald Lay
President
1.604.681.9558
info@medallionresources.com
www.medallionresources.com
or
Hamza Thindal Capital Corp.
Kam Thindal
Partner
+1.888.371.9098
kam@htcapitalcorp.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Medallion Resources Ltd.

EXPLORATION STAGE
CODE : MDL.V
ISIN : CA5839351015
CUSIP : 583935 10 1
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Medallion Res. is a iron and titanium exploration company based in Canada.

Its main exploration properties are RED WINE and ROMAINE RIVER in Canada.

Medallion Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 5.5 millions as of today (US$ 4.4 millions, € 3.8 millions).

Its stock quote reached its highest recent level on October 23, 1996 at CA$ 7.75, and its lowest recent point on July 24, 2015 at CA$ 0.01.

Medallion Res. has 84 090 000 shares outstanding.

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Annual reports of Medallion Resources Ltd.
Annual Report 2008
Annual Report 2007
Financings of Medallion Resources Ltd.
4/8/2015Announces $250,000 Private Placement
1/14/2015Closes Second Tranche of $250,000 Private Placement
10/18/2013Applies for Warrant Extension
7/17/2013Reports Exercise of Warrants for Approximately $400,000
6/25/2013Closes $400,000 Private Placement
6/10/2013Announces Private Placement
10/5/2009 $300,000 Private Placement Financing
2/20/2008Closes oversubscribed private placement
Project news of Medallion Resources Ltd.
6/20/2013Partners With Takamul Investment Company to Evaluate Rare-Ea...
3/15/2011Dr. Bill Bird of Medallion Resources is quoted in article Ch...
Corporate news of Medallion Resources Ltd.
7/6/2016Medallion Announces $300,000 Private Placement
6/7/2016Medallion Appoints Mark Saxon to Advisory Board
4/8/2016Medallion Plans Pilot-Scale Tests of Rare Earth Extraction P...
1/28/2016Medallion Resources – 2016 Plans
1/28/2016Medallion Resources -- Plans for 2016
10/26/2015Medallion Provides Rare Earth Product Samples to Industry
10/22/2015Medallion Resources Completes Private Placement
10/1/2015Nevada Sunrise Appoints David Shaw to Advisory Board
9/26/2015Medallion Clarifies Previously Announced Private Placement
9/25/2015Medallion Clarifies Previously Announced Private Placement
9/17/2015Medallion Resources Arranges $225,000 Private Placement
8/25/2015Rare-Earth Extraction Tests Produce Phosphate By-Product
8/12/2015IIROC Trading Resumption - MDL
8/12/2015Medallion’s Metallurgical Tests Yield a Refinery-Ready Rare ...
8/12/2015Medallion's Metallurgical Tests Yield a Refinery-Ready Rare ...
8/11/2015IIROC Trading Halt - MDL
8/4/2015Medallion Appoints Agent to Source South-East Asian Monazite
4/21/2015Private Placement Increased to $325,000
4/20/2015Private Placement Increased to $325,000
4/9/2015Medallion Increases Private Placement to $300,000
4/8/2015Medallion Announces $250,000 Private Placement
3/16/2015@INN_RareEarth
3/10/2015Medallion Resources Appoints R+R Consulting
3/2/2015Medallion Resources Appoints R+R Consulting
1/29/2015Medallion Provides Business Strategy Update
11/7/2014Medallion Announces $200,000 Private Placement
10/31/2014Medallion Initiates Laboratory-Scale Rare Earth Monazite Pro...
10/31/2014Medallion Announces Management Changes and Reports 2014 Annu...
10/30/2014Medallion Initiates Laboratory-Scale Rare Earth Monazite Pro...
10/8/2014Medallion Announces Management Changes and Reports 2014 Annu...
9/8/2014Medallion Resources Announce Extension of MOUs
7/8/2014Medallion Resources Appoints David Shaw to Board of Director...
6/4/2014Medallion Closes $700,000 First Tranche of Private Placement
5/21/2014Medallion Resources Announces $1,000,000 Private Placement
10/25/2013Clarifies Disclosure
9/30/2013Announces Results From 2013 Annual and Special Meeting of Sh...
9/18/2013to Attend Swiss Mining Institute Conferences in Zurich and G...
7/9/2013and Arab Mining Company to Develop and Finance Rare-Earth Op...
2/19/2013Provides Corporate Update
11/5/2012Completes Initial Technical Plans for Rare-Earth Processing ...
12/20/2011Rare Earth Mining Innovations Interview with Anthony Mariano...
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TSX-V (MDL.V)OTHER OTC (MLLOF)
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