SOURCE: EMED Mining Public Limited

June 21, 2013 03:48 ET

EMED Mining Public Limited: New Exploration Licence Awarded

NICOSIA, CYPRUS--(Marketwired - Jun 21, 2013) - EMED Mining Public Limited (AIM: EMED) (TSX: EMD)


TSX: EMD                                                 21 June 2013

                       EMED Mining Public Limited

                   ("EMED Mining" or the "Company")

   Andalucian Government awards Exploration Licence to EMED Mining

EMED Mining, the Europe-based minerals development and exploration
company, is pleased to report that the Andalucian Minister for Industry
yesterday announced the awarding of the Aguilas Two Licence (Valle
Redondo and El Villar) to one of the Company's wholly-owned
subsidiaries in Spain. The Aguilas Two Licence area has an aggregate
surface area of 52 square kilometres and is located approximately 8
kilometres from the Company's wholly-owned Rio Tinto Copper Project.
Its prospectivity was identified from the Company's proprietary
database and the initial exploration programme fits within already
planned expenditures.

Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining,
commented:"We believe that the Iberian Pyrite Belt will re-emerge as a
globally significant metal producer and we are committed to playing our
role by having re-assembled, re-engineered and planning to shortly restart
the largest of its mining fields, Rio Tinto."Whilst our immediate focus is
on the restart of the Cerro Colorado Open Pit, our plan is to extend
project life and annual production by targeting to expand the open pit,
restart the underground mines, recycle precious metal in the tailings
deposit and also to explore our ancillary tenements including the
Aguilas Two Exploration Licence area which we are particularly pleased
to have been awarded. Negligible exploration has been conducted on any of
these tenements for over 20 years."

EMED Mining's operational headquarters is at the wholly-owned Rio Tinto
Copper Project, the world's largest VMS (Volcanogenic Massive Sulphide)
system. It has historically yielded over 1.7 million tonnes of copper
along with significant amounts of other metals and is expected to be
redeveloped as a modern multi-mine district.

The projects already reported within the Behre Dolbear NI 43-101
Independent Technical Report of February 2013, include the following:

* Cerro Colorado Open Pit: Total Measured & Indicated Mineral
  Resources of 203 million tonnes at 0.46% copper, containing 930,000
  tonnes (2.1 billion lbs) of copper in situ;

* San Dionisio and San Antonio Underground Deposits: Exploration
  Targets with Historical Resources reported of 72 million tonnes of
  polymetallic ore with a grade significantly higher than that of the
  Cerro Colorado Open Pit; and

* Gossan Dam silver and gold tailings deposit: an Exploration
  Target of 25 to 35 million tonnes of potentially recyclable material.

Cautionary Notes

The Exploration Target terminology used above for the San Dionisio, San
Antonio and Gossan Dam deposits is not compliant with the JORC Code or
the CIM definitions and is therefore not NI 43-101 compliant. These
estimates are not considered to be current mineral resources or mineral
(or ore) reserves and further exploration work by a qualified person is
required in order to define these mineral resources and mineral (or
ore) reserves in compliance with the JORC Code and NI 43-101. It is
uncertain whether further exploration will define additional mineral
resources. Along with additional exploration targets, the historical
resources were reported by F.G. Palomero, Chief Geologist of Rio Tinto
Minera SA ("RTMSA") in 1993 for San Dionisio and in 1987 for San
Antonio. The historical resources reported by RTMSA, presumably in
accordance with the RTZ Mining company protocols and procedures, were
based on a review of the data and geological interpretations available
at that time.

EMED Mining is currently collating and documenting all of the
historical data in order to reappraise these deposits in light of
higher base and precious metal prices and determine what will be
required to establish an NI 43-101 compliant resource estimate.

This announcement contains "forward looking information" within the
meaning applicable Canadian securities legislation. "Forward looking
information" may also include statements with respect to the future
financial or operating performance of the Company, its subsidiaries and
its projects, the future price of metals, the estimation of ore
reserves and resources, the conversion of estimated resources into
reserves, the realisation of ore reserve estimates, the timing and
amount of estimated future production, costs of production, capital,
operating and exploration expenditures, costs and timing of the
development of new deposits, costs and timing of future exploration,
requirements for additional capital, government regulation of mining
operations, environmental risks, reclamation expenses, title disputes
or claims, limitations of insurance coverage and the timing and
possible outcome of pending litigation and regulatory matters. Often,
but not always, forward looking statements can be identified by the use
of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or"does not anticipate",
or "believes" or variations (including negative
variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. Accordingly, readers should not place undue
reliance on forward looking statements.

Forward looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company and/or its subsidiaries to
be materially different from any future results, performance or
achievements expressed or implied by the forward looking statements.
Such factors include, among others, general business, economic,
competitive, political and social uncertainties; the actual results of
current exploration activities; actual results of reclamation
activities; conclusions of economic evaluations; changes in project
parameters as plans continue to be refined; future prices of metals;
the future costs of capital to the Company; possible variations of ore
grade or recovery rates; failure of plant, equipment or processes to
operate as anticipated; accidents, labour disputes and other risks of
the mining industry; political instability, terrorist attacks,
insurrection or war; delays in obtaining governmental approvals or
financing or in the completion of development or construction
activities, as well as those factors discussed in the section entitled
"Risk Factors" in the Company's annual information form.

Although the Company has attempted to identify important factors that
could cause actual actions, events or results to differ materially from
those described in forward looking statements, there may be other
factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward looking statements
contained herein are made as of the date of this announcement and the
Company disclaims any obligation to update any forward looking
statements, whether as a result of new information, future events or
results or otherwise. There can be no assurance that forward looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward looking statements.

Qualified Persons Statement

Information in this report that relates to geological assessments is
based on information compiled by a team reporting to Mr. Ron Cunneen,
BSc (Geology), Head of Exploration for EMED Mining and a full-time
employee of that company. He is a Member of The Australian Institute of
Geoscientists and has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration and to the
activities which they are undertaking to qualify as "Competent Persons"
as defined in the 2004 Edition of the "Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves" ("JORC
Code") and "Qualified Persons" as defined in the "National Instrument
43-101 of the Canadian Securities Administrators" ("NI 43-101") and
"CIM Definition Standards For Mineral Resources and Mineral Reserves"
of December 2005 as prepared by the CIM Standing Committee on Reserve
Definitions of the Canadian Institute of Mining.

Mr. Cunneen consents to the inclusion in the report of the matters
based on their information in the form and context in which it appears.

For more information please contact:

EMED Mining                 Harry Anagnostaras-Adams  +357 9945 7843

RFC Ambrian                 Stuart Laing              +61 8 9480 2500

Fox-Davies Capital          Susan Walker              +44 203 463 5028

Bishopsgate Communications  Nick Rome                 +44 207 562 3350
Proconsul Capital           Andreas Curkovic          +1 416 577 9927

                    This information is provided by RNS
          The company news service from the London Stock Exchange


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