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NEW YORK, Feb. 8, 2011 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Medallion Resources Ltd. (TSXV: MDL; OTCQX: MLLOF), a junior resource company, is now trading on the OTC market's highest tier, OTCQX(R).


(Logo: >www.OTCMarkets.com.


"We are very pleased to join the impressive and rapidly growing list of international companies whose shares trade on the OTCQX. In keeping with our plans to increase recognition for Medallion outside of Canada, the OTCQX platform offers U.S. investors greater trading liquidity with an improved marketplace that is both efficient and transparent," commented Medallion President Donald Lay.


Merriman Capital, Inc. will serve as Medallion Resources' Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements.


About Medallion Resources Ltd.


Medallion Resources Ltd. (TSXV: MDL; OTCQX: MLLOF), trades in the United States on OTCQX under the symbol "MLLOF". Medallion Resources is a junior resource company exploring for large, low-cost "heavy" rare-earth-element (REE) deposits with a clear metallurgical path and cost-effective infrastructure. Headed by REE veteran Dr Bill Bird and supported by a technical team second to none, the Company is strategically positioned to meet the challenges of evaluating and cost-effectively exploring the best REE projects. Medallion's Eden REE and Red Wine REE are two of the finest rare-earth exploration properties in North America.