EMED Mining Public Limited: Financing Update and Board Changes

NICOSIA, CYPRUS--(Marketwired - Dec 24, 2014) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

EMED Mining Public Limited

("EMED" or the "Company")

Unsecured Bridging Finance Facility, Extension of Convertible Loan Notes and Board Changes

EMED Mining Public Limited, the Europe-based minerals development and exploration company, is pleased to announce that it has conditionally agreed an unsecured bridging finance facility for up to US$30 million (the "Loan") with Trafigura Beheer BV ("Trafigura"), Orion Mine Finance (Master) Fund I LP ("Orion") and Hong Kong Xiangguang International Holdings Limited ("Hong Kong Xiangguang"), an affiliate of Yanggu Xiangguang Copper Co. Limited ("XGC") (Trafigura, Orion and Hong Kong Xiangguang being the "Lenders"). The proceeds of the Loan will provide sufficient working capital for the Company to continue with its development of the Rio Tinto Copper Project (the "Project") to the end of February 2015 whilst it finalises its negotiations with key stakeholders in relation to funding the Phase 1 development plans for the Project.

Extension of Convertible Loan Notes

The Company has also agreed with Orion and XGC that, conditional on draw down of the initial instalment of the Loan, the maturity date of the secured convertible loan notes issued in July 2013 shall be extended to be consistent with the date for repayment of the Loan (the "Note Extension").

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http://www.rns-pdf.londonstockexchange.com/rns/7364A_1-2014-12-24.pdf