MDL Medallion Resources Ltd

Medallion Resources Ltd (TSX VENTURE:MDL) (OTCQX:MLLOF) (FRANKFURT:MRD)
("Medallion" or the "Company") today announced that it has, pursuant to its
stock option plan, approved a grant of stock options covering 420,000 shares at
an exercise price of $.20 per share for a period of five years to directors of
the Company. These options effectively replace the 420,000 directors' options
which were due to expire in January 2014. The expiring options have been
exercised in full for total proceeds to the Company of $63,000. 


Medallion has also approved a grant of 100,000 incentive options to the
principals of Hamza Thindal Capital Corp., the Company's investor relations
firm, to purchase shares of the Company at a price of $0.20 per share, for a
period of five years. These options are subject to vesting on the basis of 25%
after the first three months and 25% every quarter thereafter until fully
vested. All stock option grants are subject to the approval of the TSX Venture
Exchange (the "Exchange").


The Company also reports that further to its news release of December 9, 2013 it
has now completed the shares for debt settlement and issued 236,250 shares to
Euro Pacific Canada Inc. such that the debt related to the previous
corporate-finance services agreement is extinguished. The shares have a hold
period until April 23, 2014. 


About Medallion Resources

Led by Dr Bill Bird and supported by an experienced technical team, the Company
focuses on low-cost, near-term, rare-earth production opportunities using the
rare-earth mineral monazite, which is available as a by-product from existing
mining and mineral-sands sources principally in the Indian Ocean basin.
Medallion, partnered with Takamul Investment Company, is currently evaluating a
proposal to import monazite feedstock and produce rare-earth products at a
proposed processing facility in the industrial city of Duqm, Oman. 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 (TSX
VENTURE:MDL) (OTCQX:MLLOF) (FRANKFURT: MRD) can be found at
www.medallionresources.com.


Medallion management takes full responsibility for content and has prepared this
news release. 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Medallion Resources Ltd
Donald Lay
President
+1.604.681.9558
info@medallionresources.com
www.medallionresources.com


Hamza Thindal Capital Corp.
Kam Thindal
+1.888.371.9098

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