Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

November 20, 2007 11:55 ET

Anatolia Minerals Development Limited: Copler Village Master Relocation Plan Approved

Erzincan Regional Provincial Council approves Copler Village Relocation MasterPlan. Clears the way for new village construction and relocation to begin in early 2008.

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Anatolia Minerals Development Limited (TSX:ANO) ("Anatolia") is pleased to announce the Erzincan Regional Provincial Council has approved Anatolia's Copler Village Master Relocation Plan, following the uneventful expiration of the mandatory 30-day appeal/comment period. This clears the way for initiation of construction of the new village in Spring 2008, following approval of the final block plan and final detailed architectural design plans. Anatolia has undertaken to maximize utilization of local goods, services and labor for this and other project development activities.

Approximately 45 families will be relocated, with 5 others opting for a company buyout of their homes, all on a voluntary basis. Involvement by the villagers in the plan from site selection through final architectural design has resulted in the smooth progress of the process. Construction of the new village is estimated to take 6 to 9 months, allowing the villagers to be relocated prior to initiation of production.

Richard C. Moores, President of Anatolia, stated, "This approval is the result of years of collaboration and hard work by regulatory authorities, Copler villagers and Anatolia's dedicated staff. It is a major step forward towards production. Input, and guidance by the villagers and local authorities have made this a win-win situation for all parties concerned, demonstrating what can be achieved when people work together toward a common goal. We look forward to continuing to work with Copler and other local communities as we advance the project together."

Anatolia has completed its 2007 exploration and infill drilling campaign and will post results following receipt of final assays. Drilling at Copler since project inception in 2000 exceeds 100,000 meters.

Anatolia currently has 83.0 million common shares issued and outstanding, 98.7 million fully diluted. Anatolia trades on the Toronto Stock Exchange as ANO.

This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Anatolia Minerals Development Limited
    Richard C. Moores
    (303) 670-9945
    (303) 670-9947 (FAX)
    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)