EXHIBIT 99.1
AUGUST 7, 2006
MINUTES OF THE BOARD OF DIRECTORS
MINUTES OF THE BOARD OF DIRECTORS
OF THE MADONNA CORPORATION
On August 7, 2006 a meeting of the Board of Directors of the Madonna Corporation, notice being waived, was convened via telephone at 7816 Calla Donna Place, Calgary Alberta. The following resolution was passed.
RESOLVED: that the President and Secretary instruct the Transfer Agent to rescind a stock dividend of four additional shares for each share held by stockholders of record on July 1, 2006. The President and Secretary were further instructed to authorize a share dividend of one additional share for each two shares held at the July 1, 2006 record date.
Resolution passed unanimously.
There being no further business the meeting was adjourned.
/s/Douglas Morrison
Douglas Morrison, Secretary
