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News Release
September 8, 2003

Phase One Drilling Program Completed on the Lewis Property

Madison Enterprises Corp. (“Madison”) is pleased to report that it has completed the initial phase of its 2003 drilling program at its Lewis Property in Lander County, Nevada. The Lewis Property is strategically located within the Battle Mountain Mineral Belt, immediately adjacent to the north and northwest of Newmont Mining Corporation’s Phoenix-Fortitude Property.

The objective of the drill program was twofold:

1. to follow up on Madison’s previous drilling (which returned up to 105 feet grading 0.51 oz/ton Au in hole MAD-05); and
2. to evaluate the geological character and structures of the targets identified in the recent TITAN MT-IP geophysical survey carried out on Madison’s behalf by Quantec Geoscience (see Madison’s July 15, 2003 news release for more details).

A total of 7,000 feet of drilling in four holes was completed, 2,000 feet more than originally planned due to favourable geology and mineralization. This drilling was comprised of 4,865 feet of reverse circulation drilling and 2,135 feet of core drilling. All four holes intersected favourable geology; numerous structural zones; various styles and degrees of alteration; varying amounts of sulphide mineralization; and multiple phases of variably altered mineralized intrusive units at depths below previous drilling. The deepest hole ended at a depth of 2,150 feet.

The program has provided further confirmation of the Lewis Property’s geologic similarities with the adjacent Phoenix-Fortitude Property (see Madison’s December 9, 2002 news release for more details and a project map). Analytical results for all of the reverse circulation drilling and approximately half of the core drilling will be available shortly and will be released as Madison receives them.

On behalf of the Board of Directors of
MADISON ENTERPRISES CORPORATION

Signed: "Chet Idziszek"
Chet Idziszek, President

NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

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