Medallion Resources Ltd. (Medallion) is a junior resource company. The Company�s operations consist of the acquisition, exploration and evaluation of mineral properties. Medallion�s Red Wine HREE Project explores for the heavy-rare-earth elements (HREE�s) at the Red Wine peralkaline intrusions, which lie approximately 90 kilometers northeast of Churchill Falls, Labrador, Canada. Medallion�s Red Wine HREE Project consists of seven mineral licenses in four groups, which cover a total of 46.5 square kilometers in southern Labrador. The main license (22.25 square kilometers) is in the southern portion of the Red Wine intrusions, located about 90 kilometers northeast of Churchill Falls, Labrador and 16 kilometers east of provincial route 389. The second license (15.75 square kilometers) is in the northern portion of the Red Wine intrusions. The remaining two licenses (475 and 375 square kilometers) cover smaller satellite peralkaline intrusions to the east.