Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

December 10, 2007 08:00 ET

Anatolia Receives New Work Establishment Permit

Erzurum Provincial Directorate of the Ministry of Labor and Social Security approves the New Work Establishment Permit for Copler. Hiring of Key Personnel Continues.

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - Anatolia Minerals Development Limited (TSX:ANO) ("Anatolia") is pleased to announce that the Erzurum Provincial Directorate of the Ministry of Labor and Social Security has approved the New Work Establishment Permit ("Permit") for Anatolia's Copler Gold Project. This is a key permit required for construction activities, as well as for operation and will allow us to initiate development once the EIA is approved.

The Copler development team now exceeds 50 people, including key personnel needed to carry Copler through development and into production. Andrew Kaczmarek, Vice President of Mine Development, joined Anatolia in April 2005 and is the lead on the Copler development. Mr. Kaczmarek has over 30 years experience in mining operations, both open-pit and underground, project development and construction in Russia, Romania, Peru, Chile, Zambia, United Kingdom and Canada. Among others, Mr. Kaczmarek's prior positions include General Manager of the Mesquite Gold Mine in California and also Vice President/General Manager at the Cyprus Sierrita Porphyry Copper Mine and the Cyprus Tohono Copper Mine in Arizona. He holds a Bachelors of Science degree in Mining Engineering from the Royal School of Mines, Imperial College, London.

Joining Anatolia in September 2007, Robert Benbow, Vice President and General Manager, will assist Andy and be responsible for day-to-day activities at Copler. Mr. Benbow brings over 20 years experience as both a General Manager and Project Manager. He oversaw all operations management, mine planning, permitting, financing, design, and construction management of gold mine developments throughout the U.S. including the Briggs Mine in California and Kandall in Montana. Positions held by Mr. Benbow include General Manager with Canyon Resources and Mine Superintendent with AMAX Inc. He also worked at the Kisladag Gold Mine in Turkey. Mr. Benbow holds a Masters of Business Administration from Regis University and Bachelors of Science from University of Texas.

Ilhan Poyraz, Vice President Community & Governmental Affairs, has been with Anatolia since 2000 and has 14 years of experience in mineral exploration, including 6 years at Cominco Turkey prior to joining Anatolia. He has worked at numerous mineral exploration projects in Turkey, and has been involved in the Copler Gold Project since 2000. Mr. Poyraz received his Bachelors of Science in Geological Engineering Department from Hacettepe University in Ankara.

Finance Manager, Ibrahim Gok, joined Anatolia in December 2006 with over 10 years of experience as an executive in accounting in Turkey. He has been responsible for all accounting related tasks for different companies including Koza Gold Mining in Turkey. He is a Certified Public Accountant. Mr. Gok holds a Bachelor of Social Sciences degree in Economics from Anatolia University.

Yusuf Ziya Yetkiner, Human Resources Manager, most recently was employed by Cayeli Bakir, a copper/zinc mine owned by Inmet Mining Corporation. Mr. Yetkiner brings many years of business knowledge to Anatolia, including experience in human resources, employee training, marketing and purchasing. Mr. Yetkiner holds a Bachelor of Science Degree in Economics and both a Master and Doctorate in Philosophy from Dukuz Eylul University.

Richard C. Moores, President of Anatolia, stated, "Receipt of this key permit is a real step forward. It means we will be able to break ground as soon as the EIA is approved. While we await final approval, we continue to advance our project by updating engineering (an ongoing process throughout construction), finalizing contracts, procuring equipment and rounding out our team. We are taking advantage of this extra time to improve the efficiency of our procurement and construction program, which should help us make up time once physical development begins."

Anatolia currently has 83.1 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. Assays are performed by ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations. Mr. Moores reviewed this press release.

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)