AIM: EMED

29 October 2007

PORPHYRY GOLD SYSTEM EXTENDED AT BIELY VRCH

DRLLING COMMENCES AT SECOND PORPHYRY GOLD TARGET

EMED Mining Public Limited (“EMED Mining” or “the Company”) announces that results of further drilling in Slovakia have further extended the zone of mineralization at its Biely Vrch Prospect to an estimated 50 million tonnes with a grade range of 0.2g/t to 1.9g/t gold, typically 0.8g/t to 1.1g/t gold, and containing approximately 1.2 million ounces of gold based on these preliminary estimations. In-fill drilling will seek to define an initial JORC-compliant Mineral Resource at Biely Vrch at the earliest opportunity.  The zone of mineralization remains open, north and south.

The Company also announces that it has now been granted a total of seven exploration licences in the Central Slovakian Volcanic Field totalling 1107 square kilometres believed to be the largest holding of any company in Slovakia. These licences cover several additional porphyry gold targets identified by prospecting and geological mapping. Scout drilling has just commenced at the Kralova Prospect, the Company’s second gold porphyry discovery.

Background:

• Biely Vrch and Kralova are classical porphyry gold systems which is a rare deposit type globally and exemplified by several multi-million ounce deposits in northern Chile.

• Porphyry gold deposits typically occur in clusters and are usually large (>100 million tonnes), low-grade (0.7g/t to 1.8g/t gold), bulk-mineable deposits.
• Several other prospects within the Company’s Slovakian Licence have been recognised as having potential to host porphyry gold mineralization.
• EMED Mining has so far completed 5,000 metres of drilling in Slovakia (15 drill holes at Biely Vrch) and aims to complete a further 2,000 metres this year, weather permitting. A drill rig has been brought over from Georgia to increase the drilling rate within the limited period remaining in this year’s drilling season.

Further background information on porphyry gold deposits is available in EMED Mining’s announcements dated 9 July 2007 and 21 August 2007.

Commenting on the results, Managing Director Harry Anagnostaras-Adams said:

“We believe we have discovered a significant gold province. This type of gold system, porphyry gold, is typically noted for its clusters of orebodies with substantial intervals of consistent mineralisation, enabling multi-million ounce gold orebodies to be delineated.

“The first 15 holes at Biely Vrch suggest that the zone of mineralisation contains approximately 1.2 million ounces of gold and that it will be increased with further drilling. The deposit remains open to the north and south.

 “Porphyry gold deposits typically occur in clusters and we have begun scout drilling at the Kralova Prospect. In addition several other nearby prospects in our 100%-owned licences are known to have the appropriate geology and geochemistry to host porphyry gold mineralisation.”

Enquiries:

Regional Surveys

The recognition of Biely Vrch as a porphyry gold deposit has provided valuable insights which assist EMED Mining’s plans for exploration of its Slovakian licences. Several prospects have already been recognised as having potential to host porphyry gold mineralisation.

A regional stream geochemical survey and follow-up geological mapping is defining further areas within the Company licences that are prospective for gold porphyry deposits.

A technical workshop was recently conducted with the regional exploration team of 10% EMED Mining shareholder, Gold Fields Netherlands Services B.V., an indirect wholly owned subsidiary of Gold Fields Limited, which also yielded worthwhile targeting tools including geophysical techniques which will also be considered.

Biely Vrch Prospect Drilling: Technical Summary

Drilling results continue to confirm that gold mineralisation underlies the targeted 300m by 500m soil geochemical anomaly. Gold mineralisation is associated with a potassic alteration assemblage and contained in a quartz-veinlet stockwork.

Table – Significant Drilling Intercepts at Biely Vrch

The Company estimates the zone of mineralization identified by drilling to date is roughly 50 million tonnes with a grade range of 0.2g/t to 1.9g/t gold, typically 0.8g/t to 1.1g/t gold, and containing approximately 1.2 million ounces of gold.   This estimate is conceptual in nature and it remains uncertain if further exploration will result in the determination of a Mineral Resource as defined in the JORC Code.  In due course in-fill drilling would seek to define an initial JORC-compliant Mineral Resource at Biely Vrch.  The zone of mineralization remains open, north and south.

Kr�l'ov� Prospect Geochemistry and drilling: Technical Summary

The Kr�l'ov�  Prospect, located 20 km to the south west of Biely Vrch, is the second target being drill tested.  Soil sampling and low detection gold geochemistry completed by the Company has defined a large, significant gold anomaly. 

The anomaly is 1000 x 500 metres in size with greater than 10 ppb gold and peaking at 409 ppb (0.4 g/t Au).  The anomaly corresponds with an area of poorly outcropping potassic altered andesite porphyry hosting a quartz vein stockwork very similar in style to that at Biely vrch.  Rock chip sampling of the sparse outcrop and float has produced very encouraging assay results to 5.05 g/t Au.  Drilling of five planned scout Diamond drill holes has commenced.  The three holes drilled to date have intersected a stockwork of quartz veinlets and it is evident that the Company has discovered a second porphyry gold system.

Competent Person

References in this announcement to exploration results and potential have been approved for release by Mr Ron Cunneen, B.Sc. (Honours).  Mr Cunneen is Head of Exploration for EMED Mining and has more than 20 years’ relevant experience in the field of activity concerned. He is a member of The Australian Institute of Geoscientists (“AIG”) and has consented to the inclusion of the material in the form and context in which it appears.

Sampling and Assaying Procedures

All drilling on the Biely Vrch Prospect has been done with PQ, HQ and NQ size core samples. Core recovery has averaged 95% throughout the mineralised zone. All core has been logged and separated into 1.0m lengths. PQ size core has been quartered, while HQ and NQ sized core have then been cut in half by a Diamond saw. The split core has then been sent for assay.

Sample preparation has been done by ALS – Chemex in Romania and assayed for gold by 30gm fire assay (method Au-AA25). Both standards and blanks have been used in the sample batches sent by EMED to ALS – Chemex in line with EMED company quality control procedures.

Laboratory sample preparation, assaying procedures and chain of custody are appropriately controlled. The Company maintains an archive of half-core samples and a photographic record of all cores for future reference.

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on AIM in May 2005 following a placing of its shares. In the two years since then the share price has increased from 8p to the current 16p and market capitalisation has increased from approximately �4 million to approximately �30 million. The Company is based in Cyprus and has a strong commitment to responsible development of metal production operations in Europe, with an initial focus on copper and gold.

The Company’s rapid growth reflects the experience of its specialist team and the clarity of its strategy.

The Group’s region of interest are the tectonic belts spanning across Europe and over to the Middle East. The strategy is to evaluate exploration and development opportunities in several jurisdictions throughout this quality mineral belt and to promote sustainable development practices through implementation of European Union and other leading-edge international standards. The Company has, from the outset, strictly implemented its Environmental & Community Policy which includes:

�         Integrating environmental management into our business, planning and reporting processes.

�         Promoting a strong environmental ethic throughout the company and the community.

�         Complying with, as a minimum, all applicable local and European Union laws and regulations.

�         Communicating with community stakeholders in a responsible and transparent manner.

In the framework of our community relations policy, we will co-host with the Faculty of Environment of the Technical University of Zvolen and the local municipalities an international conference on Responsible Mining and Environmental Protection. The conference will take place in Detva (Central Slovakia) on 12 November 2007.

EMED Mining has now established a strong position in the following selected zones:

�         Exploration areas in Slovakia are centred on a cluster of volcanic centres. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts. The principal targeted mineralisation style is low-grade, bulk-mineable porphyry gold. The company has announced a gold discovery at Biely Vrch in Slovakia.

�         The mines at Rio Tinto in Spain are probably amongst the best known in the world. They are, with the possible exception of those in Cyprus, the oldest capable o f still being worked. EMED Mining’s goal is to restart copper production at its projects in both of these well-endowed, historical mining districts. Both Spain and Cyprus are progressive members of the European Union and EMED Mining has been made to feel welcome in both host countries. The styles of mineral deposits and production techniques are similar in both mining districts. A goal of the Company is complete the acquisition of an initial 51% interest in and to restart production at Proyecto de Rio Tinto (“PRT”) in 2008 and commence producing significant cash flows and profits. This remains subject to satisfaction of conditions precedent, the principal one of which is regulatory consent to the restart.

�         EMED Mining’s main prospects in Georgia are gold prospects within the Upper Racha Licence, the country’s largest minerals licence with many untested prospects. The Company has confirmed Russian Resources of 1.0 million ounces gold at the Zopkhito Prospect and discovered high grade mineralisation at surface at other prospects.

�         Exploration areas in Turkey were vended into 34%-owned KEFI Minerals Plc which was admitted to AIM in December 2006. KEFI Minerals owns carefully selected licence areas in Turkey, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. The KEFI Minerals team has mobilized into the field to explore the company’s tenements and to expand the portfolio of licenses as opportunities warrant. See www.kefi-minerals.com.

For further information on the Company’s activities, visit www.emed-mining.com or www.emed.tv.