SOURCE: EMED Mining Public Limited

November 11, 2013 02:05 ET

EMED Mining Public Limited: Quarterly Financial Report

NICOSIA, CYPRUS--(Marketwired - Nov 11, 2013) - EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

TSX: EMD
                                               11 November 2013

                 EMED Mining Public Limited

               ("EMED Mining" or the "Company")

                 Quarterly Financial Report



EMED Mining Public Limited (AIM: EMED, TSX: EMD) ("EMED Mining" or "the
Company"), the Europe-based minerals development and exploration
company, announces its unaudited results for the three months ended 30
September 2013.

The full unaudited Quarterly Report (as required by Toronto Stock
Exchange reporting standards), including consolidated Financial
Statements and the Management Discussion and Analysis relating to the
Company, are available under the Company's profile on SEDAR at
 www.sedar.com  and on the Company's website at  www.emed-mining.com .



Period Highlights

* On 15 July 2013, the Company raised GBP9.6 million (approximately
US$15 million) through subscription agreements with cornerstone
investors XGC and Red Kite.

* The Government affirmed its objective to process the project
trigger permits (Administrative Standing, or "AS", and Environmental
Plan, or "AAU") by the end of 2013 in full compliance with standard
procedures for regulatory compliance.

* Receipt of the independent Viability Report by the Government's
independent technical expert CEDEX in respect of the refinements for
the tailings management facility (TMF) as agreed with the Departments
of Industry and Environment.

* On 12 August 2013, Mr Jasper Bertisen resigned as a Director of
the Company.

* On 19 September 2013, Mr Harry Anagnostaras-Adams resigned as
Managing Director and CEO of the Company and Mr Rodney John Patrick
Halliday was appointed interim Managing Director and CEO. On the same
day, Dr Jose Sierra Lopez, non-executive Director of EMED, was
appointed as the Chairman of EMED Tartessus.




John Leach, Executive Director of EMED Mining, commented:"We remain focused
on obtaining the permits required prior to site
start-up works - mainly the AAU and AS and the team here has been
working closely and effectively with the Government to achieve this
objective as soon as possible. In the meantime, we continue with our
preparations on the ground in readiness for project execution and look
forward to moving into the development and production stage of our
cycle as soon as permitting allows."



Enquiries
Investors/Media: John Leach +357 99 208130
In North America: Andreas Curkovic +1 416-577-9927



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

END

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