SOURCE: EMED Mining Public Limited

March 25, 2013 14:21 ET

EMED Mining Public Limited: Amendment of Option Agreements

NICOSIA, CYPRUS--(Marketwire - Mar 25, 2013) - EMED Mining Public Limited (AIM: EMED) (TSX: EMD)

EMED Mining Public Limited (the "Company") announces that it has agreed to vary the terms of certain option agreements dated 23 March 2009, with the persons or entities set our below (the "Option Holders"). The agreements grant to the Option Holder a right to subscribe for new ordinary shares in the capital of the Company at a subscription price of 4.13 pence per ordinary share during the option period which is due to expire on 23 March 2013 (the "Option Period"). As previously announced, the Company planned to release its audited annual accounts for the year ended 31 December 2012 after the 23 March and therefore the Option Period would expire during a close period (as defined under the AIM Rules for Companies published by London Stock Exchange plc).

At the Company's AGM in 2011, shareholders approved the variation of the Company's option agreements on a base-by-case basis to extend the final exercise date of the option to a date not exceeding 10 business days following the end of a close period. Accordingly, the Company has now entered into a Deed of Amendment with each of the Option Holders to extend the Option Period applicable to their options on this basis.

Details of the option agreements which have been amended are set out below:

Option Holder                                     Number of shares
                                                  subject to option

Samerang Enterprises Limited (beneficially owned  2,000,000
by Harry Anagnostaras-Adams)

DCC Geo Consultants Ltd (beneficially owned by    1,100,000
Dimtri Constantinedes)

Blue Strong Kolchis Consultants (beneficially     1,250,000
owned by Ronald Cunneen)

SABMAG Holdings Limited (beneficially owned by    1,500,000
John Leach)

Brilliant Shrewd Meg Resources Limited            500,000
(beneficially owned by John Ingram)

N Adamides Geological Services Ltd (beneficially  200,000
owned by Nicos Adamides)

Digger Suppa Annuation Fund (beneficially owned   1,000,000
by Ronnie Beevor)

Ross Bhappu                                       500,000

Ashwath Mehra                                     500,000

Angelo Farci                                      200,000






Enquiries



EMED Mining                Harry Anagnostaras-Adams    +357 9945 7843

RFC Ambrian                Stuart Laing                +61 8 9480 2500

Fox-Davies Capital         Simon Leathers/Susan Walker +44 203 463 5022


Bishopsgate Communications Nick Rome                   +44 207 562 3350

Proconsul Capital          Andreas Curkovic            +1 416 577 9927


For further information on the Company's activities, visit www.emed-mining.com



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