SOURCE: EMED Mining Public Limited

April 11, 2014 10:23 ET

EMED Mining Public Limited ("EMED Mining", "EMED" or the "Company"): Transfer of Mining Rights to EMED Tartessus (Administrative Standing, "AS") for the Rio Tinto Copper Project

NICOSIA, CYPRUS--(Marketwired - Apr 11, 2014) - EMED (TSX: EMD) (AIM: EMED)

EMED is pleased to advise that the President of the Government of Andalucía, Ms. Susana Díaz Pacheco, has today announced the transfer of the Mining Rights (AS) for the Rio Tinto Copper Project owned by EMED Mining through its Spanish subsidiary EMED Tartessus.

The announcement was made today during an official visit of the President to EMED's facilities in Minas de Riotinto, where she explained that: "Riotinto is and must continue to be an icon in Andalusian and European mining, [...] from today onwards, EMED Tartessus has the authorisation to resume mining operations thus paving the way to economic growth and development for a region that has suffered greatly over the past few years".

After the favourable resolution for the Unified Environmental Authorisation (AAU, received on 28th March) of the Rio Tinto Project, this announcement of the President of the Junta de Andalucía confirms EMED's authorisation over the Mining Rights and clears the way to operate the Rio Tinto Copper mine.

The recent granting of the Unified Environmental Authorisation (AAU), together with today's announcement of the transfer of the Rio Tinto Mining Rights (AS), is an important step in EMED becoming a copper producer. The Company is fully committed to mine development and the achievement of production as quickly as possible. As a brownfield site copper production can be recommenced at Riotinto in a comparatively short time frame and at a low capital cost. As a result of today's announcement the Board looks forward to the commencement of operations and the expansion of the already sizeable reserve base.

To view the full announcement, please click on the following announcement

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