Good morning,

EMED Mining Public Limited, the Europe-based minerals development and exploration company, announced this morning that it has formally mandated Goldman Sachs International ("Goldman Sachs") on an exclusive basis to provide and/or arrange up to US$175 million of finance to the Company or a subsidiary (together the "EMED Group") for the restart of the Rio Tinto Copper Mine.

This financing is intended to be in the form of a copper pre-sale agreement and complements the recently announced capital and copper sale arrangements planned with Yanggu Xiangguang Copper Co. Ltd ("XGC").

Harry Anagnostaras-Adams, the Managing Director of EMED Mining said, "The arrangements with Goldman Sachs complement those recently announced with leading Chinese smelter group XGC and together represent more than $200 million of potential additional project funding. The Company appreciates the support provided by these organisations, and, next to that of our existing shareholders such as Resource Capital Funds, RMB Resources Australia and Royal Bank of Canada, represents a strong foundation for the development and long term operation of the Rio Tinto Mine."

Enquiries
EMED Mining

Harry Anagnostaras-Adams         +357 9945 7843
           
Fox-Davies Capital

Daniel Fox Davies                           +44 (0)207 936 5230

RFC Finance

Stuart Laing                                      +618 9480 2500   
      
Bishopsgate Communications

Nick Rome/Shabnam Bashir         +44 (0)207 562 3350

Thank you for your interest in EMED Mining.
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