11 January 2010

EMED Mining Public Limited (“EMED Mining” or “the Company”) is pleased to advise that recent court rulings in Spain all serve to support the Company’s proposed plans to restart the Rio Tinto Mine (“Proyecto Rio Tinto” or “PRT”).

The court rulings were in relation to disputes between various previous stakeholders in PRT and have received some coverage in the Spanish press. They were all initiated by third parties and neither EMED Mining nor any of its subsidiaries were a party to any of the proceedings. Summary details on the rulings are as follows:

• The first such court ruling dismissed the challenge by a landholder, which owns land underlying part of a PRT tailings dam, of legal arrangements entered into by MRI Group with EMED Mining.  MRI Group is a previous direct stakeholder in PRT and now a major EMED Mining shareholder.
• The second such court ruling dismissed the legal appeals by the former controllers of Mantesur Andevalo, the vendor of PRT, against MRI Group’s dealings with those parties.
• The third is a set of positive court judgements against previous controllers of PRT who unsuccessfully challenged the permitting processes imposed by the regulatory authorities. This confirms the process already being adhered to by EMED Mining and its subsidiaries.

Whilst these rulings are not directly part of the formal approval process for the restart of the Rio Tinto Mine which is now underway, the ongoing cleanup of such legacy issues removes some of the potential complications and delays to this process.

EMED Mining Managing Director, Mr Harry Anagnostaras-Adams said,
“The restart of the Rio Tinto Mine is considered to be relatively straightforward from an operational perspective.  We merely start-up a long-standing facility and update its  control systems to meet industry improvements that have been developed over the past 20 years. However, progress in gaining approval from the relevant Spanish authorities for the restart has to date been hampered by disputes between various previous stakeholders. It is pleasing that these various court rulings help in clearing the decks for the restart.”

Enquiries
EMED Mining                              Fox-Davies Capital                RFC Corporate Finance              Bishopsgate Communications
Harry Anagnostaras-Adams         Daniel Fox-Davies                      Stuart Laing                                      Michael Kinirons
+357 9945 7843                          +44 (0)207 936 5230                +618 9480 2500                               +44 (0)207 562 3350
www.emed-mining.com
www.emed.tv

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on AIM in May 2005. The Company is committed to responsible development of metal production in Europe, with a focus on copper and gold.

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 the implementation of European Union and other international standards. The Company strictly implements its Environmental & Community Policies which includes:

• Integrating environmental management into its 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; and
• Communicating with community stakeholders in a responsible and transparent manner.

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

Copper in Spain: The copper-mining district of Spain is probably among the best known in the world for its metal endowment. The Company’s first priority is to start-up production of its wholly-owned Rio Tinto Mine which is the largest metal deposit in Spain. The mining industry is returning to prominence in Spain’s Iberian Pyrie Belt and recent initiatives include start-ups in 2009 of major base metal mines at Inmet Mining’s Las Cruces Project and Iberian Resources’s Aguas Tenidas Mine. Lundin also operates its recent start-up Aguablanca and Antafagusta started exploration activities in 2009.

The Rio Tinto Mine site contains a fully installed and maintained operational complex - an open pit mine, copper-concentrator and waste disposal facilities. The site has been on care and maintenance since 2000 when operations were suspended due to low copper prices.

Gold in Slovakia: 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 bulk mining concepts for both open cut and underground projects. The Company has announced a significant gold discovery at Biely Vrch and has completed a positive scoping study on its potential development at surface and for its exploration at depth.

EMED Mining has other notable earlier-stage activities focused on copper and gold, as follows:
• Exploration licences in the copper-mining districts of Cyprus;
• A large mining lease in Georgia, Caucasus; and
• A 26% shareholding in KEFI Minerals Plc which operates exploration joint ventures in Turkey and the Kingdom of Saudi Arabia.

Background as regards PRT: the Company has progressed the Rio Tinto Mine project as follows:

• Completed geological investigations and verified mineral resources and ore reserves in compliance with the JORC Code;
• Completed base case plans for operating a 14-year mine plan to extract ore reserves and to invest in drilling and other activities with a view to expanding and improving the project;
• Acquired 100% of the project (the mine, its associated land and the associated mineral rights along with the plant and its associated land) from vendor company Mantesur Andavalor via (now) wholly-owned subsidiary EMED Tartessus SL;
• Settled with the vendor company’s principal creditor MRI Group which is now a shareholder of EMED Mining and has been appointed sales and marketing agent for the project;
• Terminated all involvement in the project by previous controllers of the vendor company and commenced legal proceedings for their non-performance and enjoined the Company in their prosecution for criminal offences. A similar stance has been taken by MRI Group which is supporting EMED Mining’s plans.
• Established support for the Company’s plans from the communities and the Government;
• Determined approach with the various authorities to assimilate regulatory changes and keep to timetable. Received clearance from the regulatory authorities to submit the full set of detailed reports and applications for permission to start-up;

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