Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

April 16, 2008 09:10 ET

Environmental Impact Assessment Approved for Anatolia's Copler Gold Project

TORONTO, ONTARIO--(Marketwire - April 16, 2008) -

Attention Business Editors:

Anatolia Minerals Development Limited ("Anatolia") (TSX:ANO) is pleased to announce the environmental impact assessment ("EIA") for its 00%-owned Copler Gold Project will be granted a positive certificate from the Turkish Ministry of Environment and Forestry ("MoEF"). The positive certificate is to be formally issued after the normal documentation process is complete and is anticipated within 30 days.

This is a major step in advancing the Copler Gold Project and allows Anatolia to enter into final negotiations to secure forest land leases and proceed with other associated permits. Anatolia has been in preparatory discussions with the MoEF on the subject of these forest land leases for the past several months and believes there are no significant impediments to securing these leases. Upon receipt of these forestry land leases and completion of ongoing optimization studies, Anatolia will announce a construction schedule for the project, which is expected to require approximately 18 months to complete.

Concurrent with the ongoing permitting process, Anatolia continues to advance significant pre-construction activities. Engineering and procurement services are approximately 80% complete. Critical long lead-time items are on schedule, with the first pieces of primary processing equipment having been shipped.

Edward C. Dowling, President and Chief Executive Officer, commented, "We are extremely pleased with the approval of the Copler EIA. This is a major milestone and reflects the hard work of many people and close cooperation with the Turkish Ministry of Environment and Forestry. We are now looking toward clearing the final few steps and then moving forward with construction."

About Anatolia

Anatolia is developing its 100%-owned Copler Oxide Gold Project in Turkey. The initial phase of development anticipates mining the open-pittable oxide portion of the deposit over a 10-year period, producing 1.8 million ounces gold and 2.2 million ounces silver.

Anatolia is also continuing studies for a second phase expansion to include future development of the Copler Sulfide Gold Project. Positive results from the preliminary assessment indicate potential additional recovery of 2.3 million ounces gold over a 12 year period from the sulfides at Cvpler. This second phase could extend the total mine life to over 20 years at assumed production rates or potentially increase production several years into the initial oxide phase. See Anatolia News Release, dated December 21, 2007 and
the related Technical Report filed at

As one of Turkey's leading minerals exploration companies, Anatolia continues to seek aggressive growth through new discoveries as it targets numerous potentially large-scale base metals and gold opportunities.

Anatolia currently has 83.1 million common shares issued and outstanding, 100.4 million fully diluted. Anatolia trades on the Toronto Stock Exchange as ANO.

Cautionary Statements

Certain statements contained in this news release constitute forward-looking information, future oriented financial information, or
financial outlooks (collectively "forward-looking information") within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in Anatolia's public filings, Anatolia's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to commodity prices, mineral resources, mineral reserves, realization of mineral reserves, existence or realization of mineral resource estimates, the timing and amount of future production, the timing of construction of the proposed mine and process facilities, the timing of receipt of permits and authorizations including forestry leases, completion of optimization studies and mine construction, capital and operating expenditures, which are qualified by any and all other timing, development, operational, financial, economic, legal, regulatory, and
political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other Anatolia filings, and include the ultimate determination of mineral reserves, availability and final receipt of required approvals, licenses and permits, sufficient working capital to develop and operate the proposed mine, access to adequate services and supplies, commodity prices, foreign currency
exchange rates, interest rates, access to capital markets and associated cost of funds, availability of a qualified work force, and the ultimate ability to mine, process and sell mineral products on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Anatolia filings at and other unforeseen events or circumstances. Other than as required by law, Anatolia does not intend, and undertakes no obligation to update any forward looking information to reflect, among other things, new information or future events.

Contact Information

  • Anatolia Minerals Development Limited
    Edward C. Dowling
    President and Chief Executive Officer
    (303) 292-1299

    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299