ENVIRONMENTAL IMPACT ASSESSMENT APPROVED FOR ANATOLIA'S ��PLER
GOLD PROJECT
April
16, 2008: Anatolia
Minerals Development Limited ("Anatolia") [TSX:ANO] is pleased to announce the
environmental impact assessment ("EIA") for its 100%-owned
��pler 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 ��pler 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 ��pler 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 ��pler 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
��pler 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 ��pler. 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 www.sedar.com.
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. For more information:
Edward C. Dowling, President and Chief Executive Officer, or Douglas
Tobler, Chief Financial Officer, at (303) 292-1299 or visit
www.anatoliaminerals.com. 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
www..sedar.com 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 futures events.
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