(EMED.L) EMED Mining Public Ltd Buy/Sell

Detva Gold Project - Gold in Slovakia:

Harry Anagnostaras Adams, Managing Director of EMED Mining, commented:

"The recovery of our industry has continued over the past few months and our Company's projects have attained increased economic importance in their respective regions which are suffering economic downturns due to the global financial crisis.

"In Spain we are working with the authorities to facilitate the start-up of production at the Rio Tinto Mine by the end of 2010. The due diligence is taking longer than we anticipated but the intention of the Andalucian Government has been made clear.

"In Slovakia we have commenced preparing permit applications for development of the Biely Vrch Gold Deposit in 2012. We have been welcomed in both Spain and Slovakia as members of the community and work well with the regulatory authorities.

"Both projects have expansion potential. We are focused on developing both of them to their optimum in full compliance with European Union and Company environmental and mining policies. The implementation of these projects will make economic contributions to their regions with the expenditure of approximately EUR100 million per year at Rio Tinto in the Huelva region of Andalucia and EUR20 million per year at the Biely Vrch Project near Detva in Central Slovakia."

OVERVIEW OF STRATEGY

EMED Mining is led by international mining industry specialists with corporate headquarters in Cyprus which is a growing European financial centre, is geographically central to the Company's areas of interest and is a member of both the European Union and the British Commonwealth. EMED Mining is committed to responsible development of metal production operations in Europe, with an initial focus on copper and gold.

The strategy is to evaluate and prioritise exploration and development opportunities in several jurisdictions throughout the well-known belts of base and precious metal mineralisation.

Over the longer term, it is our goal to develop a multi-mine group across several jurisdictions from the operations base in Spain. Since becoming a publicly listed company in 2005, EMED Mining has achieved 100%-ownership of two major projects:

The Company also has earlier-stage activities in Cyprus and, via associate KEFI Minerals, in Turkey and the Kingdom of Saudi Arabia. EMED Mining is managed by a multi-cultural team drawn initially from Australia and the Americas and the group now mainly comprises Spanish citizens. The main priority for the short term is to safely and efficiently start up the Rio Tinto Mine once EMED Mining has completed the regulatory approval process, financed the start-up and obtained shareholder approval.

Multi-lingual introductory videos are available on www.emed.tv for the information of interested parties. Also, notable media articles are available on www.emed-mining.com.

SPAIN - RIO TINTO MINE

The photo shown in the full version of this announcement on the Company's website shows the Rio Tinto Mine tailings facility, copper concentrator and part of the mine in the foreground.

The established open-pit mine, copper-concentrator plant and other infrastructure at the Company's Rio Tinto Mine provide an excellent opportunity to bring a large copper mine into production at a relatively low total cost. EMED Mining has accomplished much since acquiring an option over the project in mid-2007 and particularly since the move to full ownership in late 2008.

Timetable Management and Past Performance

The restart of the Rio Tinto Mine has taken longer than initially expected, for the following reasons:

The Company is pleased to have maintained its plans to restart the mine and re-set the target date for start-up to end-2010. Fortunately the copper price has recently recovered to over $6,000 per tonne. The Company has also identified project expansion potential and maintained its targets for value accretion.

The reliability of the timetable rests foremost on the pace of permitting. Such processes are always long and complex and extra caution is required in this project due to its legacy of distrust created by malpractice by past project controllers - people who failed some years ago to earn the support of authorities for a restart and who are now being prosecuted by several parties including their former colleagues and financier. Nevertheless timetable performance as regards permitting will essentially remain a function of the Company's ability to make the regulators' task straightforward. The Government and community are also striving to achieve the restart by the end of 2010. Following the completion of the permitting process, progress will depend on operational performance.

Project Planning Issues and Outlook

1. Permitting

In-principle support was given by the Government of Andalucia for the Company's proposals to start up production. "The Junta de Andalucia and (EMED Mining's wholly-owned subsidiary) EMED Tartessus are working in close collaboration on Rio Tinto Mine with the goal of starting operations as soon as possible and always in strict compliance with the legislation in force" - see EMED Mining announcement dated 30 September 2009, as approved by the Head of Government and Head of the Socialist Party in Huelva, Andalucia, where PRT is regulated.

As this process has been set out to date, an intial step is the administrative approval of the transmission of mineral rights - applied for May 2009. A final step is the approval of the Environmental Impact Assessment, submitted in July 2009 and normally processed in about eight months.

EMED Mining must also obtain/renew the full set of operating licences and permits on the various aspects of operation such as dust emission, noise control, safety policies and procedures and blasting practices. As the mine previously operated for many years, the regulatory authorities and the Company's personnel have extensive familiarity with the specific issues and realities of the situation at the mine site. Therefore, these aspects of permitting should be more straightforward than would be the case for a new mining operation. Nevertheless full due diligence and regulatory compliance is appropriate and the Company is in no position to dictate deadlines for permitting.

2. Regional Context

Two other large copper mines (Las Cruces and Aguas Te?s) have recently started production in Andalucia, which also hosts one of Europe's largest copper smelters.

Unlike the other recent start-ups, the Rio Tinto Mine is a project which is essentially intact from an infrastructure viewpoint albeit that a comprehensive operational improvement plan has been set out. The economic outlook for the Rio Tinto Mine provides an incentive to expedite implementation of the start-up and expansion with a view to extending planned mine life beyond the current 14 years and facilitating economic diversification in this economically suppressed region.

The Company's initial commitments to complement Government initiatives for regional economic diversification are:

The Company has also committed in-principle to donate excess land to the relevant communities in due course when no longer required for mining and once the land has been fully rehabilitated.

3. Landholder Settlements

The Company also needs to settle compensation for landholders and the regulatory process provides a framework to facilitate a resolution of compensation sums in such cases where negotiation fails, without causing delays to the relevant project timetable.

4. Project Execution Plan

The Project Execution Plan is an independently reviewed plan for operationally implementing the start-up. The project team is currently focused essentially on fulfilling regulators' requirements and already includes the functional heads for geology, planning, safety, environment, plant maintenance, plant refurbishment, legal, human resources, regulatory compliance, finance and the chief executive in Spain.

5. Prerequisites to Triggering Project Execution Plan

Prior to triggering the start-up, the Company needs to complete many tasks including permitting, contract tendering, project financing, recruitment and shareholder approvals.

SLOVAKIA - DETVA GOLD PROJECT

Biely Vrch Deposit

The photo shown in the full version of this announcement on the Company's website shows the hill above the Biely Vrch deposit (marked "BV"), with senior personnel in the foreground.

Based on the current knowledge of the Biely Vrch deposit, AMC Consultants have derived the following parameters for developing Biely Vrch:

Based on estimated operating costs, the breakeven cut-off grades were calculated for each ore type over a range of gold prices. Pit optimisations were carried out and evaluated at breakeven cut-off grades based on estimated operating costs and a range of gold prices from US$700/ounce to $1,200/ounce. The optimisation open-pit shell based on a US$800/ounce gold price was selected as the base case for financial modelling of the mining parameters.

The Biely Vrch Scoping Study included assessments of the various potential impacts of the project on the environment, as well as reviewing key mining legislation.

Several key areas of immediate focus identified from the Scoping Study are:

Once these issues are understood the timetable for permitting will be finalised and the next phase of geological, geotechnical and metallurgical work will commence.

Other Prospects

During 2009, many more porphyry gold systems have been identified and five of these systems are currently being focused on (Pstrusa, Zupkov, Jakalovci, Strbov Stal and Prencov).

The results of the 2009 regional porphyry gold exploration program will be reported around the end of the year. Further drilling is planned for Pstrusa and Beluj during 2009, both of which are interpreted as larger mineralised systems than that which EMED Mining discovered at Biely Vrch.

At Biely Vrch Deeps, observations to date include that gold grade increases with depth and holes in the core of the deposit ended in mineralisation with a grade more than 1.5 grams per tonne.

KEFI MINERALS (29%- OWNED BY EMED MINING)(29%-owned)

KEFI Minerals is the operator of exploration joint ventures in Turkey with Centerra Gold Inc of Canada and in Saudi Arabia with local construction and investment group ARTAR.

CORPORATE

Major Shareholders

The EMED Mining ownership structure is dominated by a group of international mining industry specialists in mine development, operation and marketing. The following parties hold, between them, 64% of the fully-diluted capital:

Other significant shareholders include institutions Fidelity, Goldman Sachs and Standard Life.

Funding capacity, pending execution of project finance for the triggering of the Rio Tinto Mine funding, is underwritten by cash reserves and a £10 million standby equity facility at a small discount to prevailing share market prices.

The share market capitalisation of the Company on a fully-diluted basis is £63 million (523 million shares fully-diluted at 12p) and the base-case estimated Net Present Value (NPV at 10% discount rate) of the two major projects at current metal prices is £326 million (Rio Tinto Mine £277 million and Biely Vrch £49 million). The NPV measure merely serves to indicate that a worthwhile value target exists for the Company and its long-term shareholders.

The funding required to start the Rio Tinto Mine aggregates to approximately £50 million including project acquisition costs, discharge of relevant pre-existing liens, capital expenditure and working capital. In addition the Company will arrange insurances and guarantees as required by the authorities for protecting personnel entitlements and environmental obligations. Goldman Sachs International is lead-arranger for project finance and the hedging of revenues and currencies.

COMPETENT PERSONS FOR REPORTING OF RESOURCES AND RESERVES

Information in this report as regards the Rio Tinto Mine that relates to Mineral Resource estimates is based on information compiled by Mr. Pat Stephenson, BSc (Geology) and Mr. Ron Cunneen, BSc (Geology), Mr. Stephenson taking responsibility for the Mineral Resource estimates and Mr. Cunneen taking responsibility for the data on which the estimates are based. Mr Stephenson is Regional Manager, Vancouver and Principal Geologist with AMC Mining Consultants (Canada) Ltd and a full-time employee of that company. He is a Fellow of The Australasian Institute of Mining and Metallurgy. Mr. Cunneen is Head of Exploration for EMED Mining and a full-time employee of that company. He is a Member of The Australian Institute of Geoscientists. Mr. Stephenson and Mr Cunneen have sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities which they are undertaking to qualify as Competent Persons as defined in the JORC Code.

Information in this report as regards the Rio Tinto Mine that relates to Ore Reserve estimates is based on information compiled by Mr. Andy Robb, BSc (Mining Engineering). Mr. Robb is Principal Mining Consultant with AMC Consultants and a full-time employee of that company. He is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the JORC Code.

References in this report as regards the Mineral Resources or exploration results and potential in Slovakia, Cyprus or elsewhere have been approved for release by Mr. Ron Cunneen.

DUE DILIGENCE EXPERTS

The principal due diligence experts are listed below:

In addition to due diligence processes, for the Company's own planning, the following is notable:

As an aide for investors generally, the Company occasionally arranges independent research organisations to inspect the projects, question any personnel and specialist consultants and publish reports which we upload to the Company website. Such reports are due this month from Edison Investment Research, Equity Development and Growth Equities & Company Research and will be uploaded to the Company website (http://emed-mining.com/site/research-reports.html).

CORPORATE DIRECTORY

Directors Non-Executive Chairman - Ronnie Beevor
Managing Director - Harry Anagnostaras-Adams
Finance Director - John Leach
Non-Executive Directors - Ross Bhappu, Ashwath Mehra,
Gordon Toll
Nominated Adviser RFC Corporate Finance - Stuart Laing (+61 8 9480 2500)
Broker Fox-Davies Capital Limited - Jason Bahnsen (+44 207 936

Public Relations Bishopsgate Communications - Nick
Rome (+44 207 562 3350)
Share Registrar Computershare Investor Services Plc
Issued Capital 308.8 million shares on issue
59.2 million options on issue, with
exercise prices ranging from 4.1p to
22p per share.
522.8 million shares on issue on a
fully-diluted based on the assumption
that convertible loans principal and
interest paid with the issuance of
shares.

Significant Shareholders 13% Management and Board (mainly
(fully diluted) Australian citizens)
31% Resource Capital Funds,
(Australia and USA)
9% RMB Australia Holdings Limited
(Australia and elsewhere)
6% MRI Group (Switzerland)
5% OZ Minerals (Australia)

EMED Mining Share Price - 12 pence

EMED Mining is listed on AIM (Code: EMED)

Share turnover currently averages approximately 1 million shares per day.

Enquiries:

Investors/Media: Harry Anagnostaras-Adams +357 99457843

General: Cyprus office: +357 2244 2705, Email: info@emed-mining.com

This information is provided by RNS The company news service from the London Stock Exchange

MSCIFFLIIVLEFIA

Biely Vrch Project:

Biely Vrch Deeps:

Prospecting gold porphyries other than Biely Vrch:

Prospecting other mineralisation styles:

Harry Anagnostaras-Adams, Managing Director of EMED Mining, commented:

"Our major achievements in Slovakia are the completion of a positive scoping study at our Biely Vrch porphyry gold discovery and the establishment of an efficient system for quickly and cheaply testing the many other porphyry gold systems on our ground. Our team is quite well practiced at this task and we consider the odds are in the Company's favour for making this a multi-mine district.

"Biely Vrch Deeps has multi-million ounce potential and we have other gold styles to test which we think have similar potential.

"We are well supported by local communities and feel very welcomed in our endeavours."

Enquiries

EMED Mining Fox-Davies Capital RFC Corporate Bishopsgate Communications
Finance
Harry Anagnostaras-Adams Jason Bahnsen Stuart Laing Nick Rome
+357 9945 7843 +44 (0)207 936 5230 +618 9480 2500 +44 (0)207 562 3350

www.emed-mining.com www.emed.tv

Exploring Regional Prospects

Porphyry Gold

EMED Mining has discovered a gold district containing a large number of previously unrecognised mineralised prospects of the category known as "porphyry gold", similar to certain deposits in South America and Turkey. So far, in addition to discovering Biely Vrch, EMED Mining discovered porphyry gold systems worthy of testing on all its licences in the Central Slovakia Volcanic Field. Seventeen have been tested to date and another five are currently being prepared for testing.

Porphyry gold deposits differ to the more common porphyry copper-gold deposits, and typically:

Porphyry gold targets tested to date:

drillhole Last 100 m average Last 50 m average Au g/t Last 20 m average Au g/t
Au g/t
DVE 11 1.52* 1.53* 1.48*
DVE 37 1.11 1.29 1.79
DVE 41 1.16 1.61 1.79
*extreme values excluded

Summary of the 17 Porphyry Gold Systems Tested to date

Drill Tested Rejected Before To be Evaluated
Drilling

Biely Vrch, an economic Klokoc Pstrusa, drilling has just started

discovery with deeper protential

Kravola, rejected Stozok Prencov
Kalinka Zupkov 1

Slatinske Lazy, rejected
Banisko Zupkov 2

Sementlov, rejected
Zajezova Zupkov 3

Zlatno, rejected
Pila

Beluj, being drilled

Tables of drilling results and maps showing, inter alia, the location of these prospects are provided in the version of this announcement uploaded to the Company website. Other Mineralisation Styles

Several other gold mineralisation styles have been identified on EMED Mining's licences, including:

The gold potential of the above mineralisation styles is judged to be as large as that of the porphyry gold systems which have been the focus of EMED Mining's exploration to date.

The key characteristics of these four mineralisation styles are summarised below.

High grade gold veins - Rozalia style:

Epithermal low-sulphidation veins:

Epithermal low-sulphidation stockworks:

Epithermal high-sulphidation bodies:

Social Licence

A core value of EMED Mining is to invest in a socially and environmentally responsible manner, with a view to creating significant social benefits via collaborative working partnerships. A matter of equal importance to the assessment of the technical merits of our projects in Slovakia is the degree of social licence earned. The recent admission of the Company's Chairman and Managing Director in Slovakia (Harry Anagnostaras-Adams and Demetrios Constantinides) as Honorary Members of the Miners' Association reflects the Company's standing locally. Other recent admissions help to demonstrate the standing of our industry in Slovakia and include the current and previous Presidents of the Slovak Republic, other Members of the Slovak Parliament and the General Secretary of the United Nations Educational, Scientific and Cultural Organization ("UNESCO").

EMED Mining personnel have built up relationships with the Slovak government, local communities, business chambers, scientific societies and other stakeholders that are based on integrity, transparency and progress. These stakeholders have been very supportive of the responsible development of metal production operations in Slovakia.

EMED Mining carries out an open dialogue with stakeholders to ensure that its exploration and potentially its mining and metal production activities are undertaken in appropriate locations and in an appropriate manner. The public endorsements of EMED Mining by regulators, Government spokesmen and other community leaders has been previously reported.

As part of our community relations process, the Company will again organise the local Clean Up the World day in November 2009 in association with the Municipalities of Banska Stiavnica and Detva, the Faculty of Environmental Sciences at the Zvolen Technical University and various local communities and organisations. Volunteers will clean-up the Geo-park of Banska Stiavnica hills.

The Company is clearly benefiting from the Slovak governments supportive mining policies. Unlike some of its neighbours, Slovakia supports gold and other metal production which is developed and operated in accordance with international standards and practices.

Permitting Process

Permitting in Slovakia with regard to exploration for and mining of mineral resources is administered by the Ministries of Environment ("MOE") and Economy ("MOEc"), respectively.

The Division of Geology and Natural Resources at MOE evaluates applications and grants exploration licenses. Following the submission and assessment of the final exploration report, MOE approves the resources/reserves of exclusive minerals and issues respective statement thereof, in cases where exploration has delineated a potentially economic accumulation of minerals/metals.

The state authority in the field of mining is the Main Mining Bureau ("MMB"), which is overseen by the MOEc, and its five regional mining offices. MMB's headquarters are in Banska Stiavnica on the same street as EMED Mining's office in Slovakia.

The main phases to the Mining Permit Process are as follows:

Following the recent completion of the Biely Vrch Scoping Study, the permitting timetable is currently being discussed with the authorities with a view to initiating permitting submissions in the next six months and starting development in 2012.

Competent Person

Information in this announcement that relates to Mineral Resource estimates and exploration results is based on information compiled by an appropriate team of geologists and specialists consultants under the monitoring and supervision of Mr Ron Cunneen, BSc (Hons.) Geology. Mr. Cunneen is Head of Exploration for EMED Mining and a full-time officer of that company. He has had more than 20 years' experience in the field concerned and is a Member of The Australian Institute of Geoscientists. Mr. Cunneen has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities he is undertaking to qualify as Competent Persons as defined in the JORC Code. Mr. Cunneen consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

Sampling and Assaying Procedures

All drilling on the Biely Vrch Prospects has been done with PQ (85.0mm diameter), HQ (63.5mm diameter) and NQ (47.6mm diameter) size core samples. Core recovery has averaged 95% throughout the mineralised zones. 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 Mining to ALS - Chemex in line with EMED Mining company quality control procedures.

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on AIM in May 2005. 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 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 leading-edge international standards. The Company strictly implements its Environmental & Community Policies which includes:

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

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

Appendix - Tables of Drilling Results and Geological Maps

Summary of Key Drilling Results for the Four Porphyry Gold Systems Drilled during 2009
Prospect Hole No Easting Northing Collar RL Bng Dip Length From To Length Au Cu From To Length Au Cu
WGS 84 WGS 84 (m) Grid Rnd (m) (m) (m) (m) (g/t) % (m) (m) (m) (g/t) %
Zlatno ZVE1 355204,14 5366120,86 471,50 270,00 -50,00 198,0 0,0 198,0 198,0 0,01 0,013 - - - - -
ZVE2 335583,64 5365561,15 602,15 90,00 -50,00 203,1 0,0 203,1 203,1 0,16 0,05 132,0 184,0 52,0 0,42 0,07
ZVE3 335098,94 5365962,40 546,30 350,00 -50,00 206,1 0,0 206,1 206,1 0,04 0,02 - - - - -
ZVE4 335793,38 5365631,74 646,12 270,00 -50,00 118,1 0,0 118,1 118,1 0,05 0,035 - - - - -
Sementlov SVE1 337718,00 5364790,00 687,30 90,00 -50,00 256,8 0,0 256,8 256,8 0,09 0,03 - - - - -
SVE2 337950,00 5364710,00 687,41 272,00 -50,00 103,6 0,0 103,6 103,6 0,08 0,04 - - - - -
Beluj BVE1 344541,00 5367606,00 - 45,00 -50,00 253,7 0,0 253,7 253,7 0,32 - 26,0 78,0 52,0 0,52 -
BVE2 344577,00 5357643,00 - 45,00 -50,00 254,0 0,0 254,0 254,0 0,17 - - - - - -
Pstrusa PVE1 In progress

Summary of Key Drilling Results for the Porphyry Gold Systems Drilled Prior to 2009

Note that grades over the whole of porphyry gold systems so far typically averages between 0.2g/t and 2.0 g/t. At Biely Vrch, there is a higher grade core and, outside that core, 1 in 3 drill intersections averaged under 0.4g/t gold. The management task of judging whether or not to continue drilling at sites like Beluj and Pstrusa (the current focus of drilling) is based on a combination of interpretative techniques aimed at quickly dropping "duds" but persevering where the combination of factors is encouraging, including scale of the system as interpreted from geological mapping.

Slatinske Lazy drillhole intersections:
Drillhole JTSK Y JTSK X Depth (m) Azimuth Dip From (m) To (m) Length (m) Au (g/t) From (m) To (m) Length (m) Au (g/t)
SLE-1 407 019.09 1 255 359.41 250 87 40 0 250 250 0.1
SLE-2 406 973.53 1 255 461.36 251 268.7 40 0 251 251 0.06
SLE-3 406 931.08 1 255 560.12 250.4 268.7 40 0 250.4 250.4 0.01
SLE-4 407 063.15 1 255 253.84 250 90 40 0 250 250 0.31 incl. 99 150 51 1.21
SLE-5 406 965.04 1 255 259.73 251 90 40 0 250.5 250.5 0.27 incl. 35 149 114 0.53
SLE-6 407 109.52 1 255 155.24 254.6 88.7 40 0 254.6 254.6 0.21 incl. 102 128 26 1.06
SLE-7 407 011.12 1 255 155.78 250 88.7 40 0 250 250 0.03
SLE-8 407 104.61 1 255 050.95 250.2 88.7 40 0 250.2 250.2 0.07

Kralova drillhole intersections:
Drillhole JTSK Y JTSK X Depth (m) Azimuth Dip From (m) To (m) Length (m) Au (g/t) From (m) To (m) Length (m) Au (g/t)
KVE-1 416 505,51 1 255 861,07 250,3 132o 30o 0 250.3 250.3 0.24 incl. 0 65 65 0.55
KVE-2 416 507,06 1 255 858,27 250,4 311o 37o 0 250.4 250.4 0.42 incl. 96 133 38 1.04
KVE-3 416 635,54 1 255 751,06 247,4 133o 38o 0 247.4 247.4 0.33 incl. 136 188 52 0.82
KVE-4 416 459,11 1 255 830,42 250,4 310o 37o 0 251 251 0.35 incl. 60 85 25 0.83
KVE-5 416 519,36 1 255 774,02 250,2 312o 38o 0 250 250 0.23 0 38 38 0.51
KVE-6 416 641,71 1 255 797,38 250,1 137o 40o 0 250.1 250.1 0.16 189 220 31 0.63

Biely Vrch drill hole intersections:
Drillhole JTSK Y JTSK X Depth (m) From (m) To (m) Length (m) Au (g/t) From (m) To (m) Length (m) Au (g/t)
DVE-1 402409.841 1249172.826 108.2 0 108.2 108.2 1.26 including 86 108.2 22.2 1.92
DVE-2 402453.311 1249404.478 102.8 0 102.8 102.8 0.16
DVE-3 402415.995 1249224.789 220 0 220 220 0.49
DVE-4 402313.779 1249200.238 252 0 252 252 1.21 including 155 252 97 1.83
DVE-5 402150.828 1249159.035 559 228 559 331 1.05
DVE-7 402563.29 1249168.964 568 0 59 59 0.21
DVE-8 402435.14 1249165.9 262.5 0 154 154 1.34
DVE-9 402290.9 1249085.73 350 62 103 41 0.68
DVE-10 402514.5 1249320.685 368.3 25 33 9 0.83
DVE-11 402510.52 1249322.96 400.4 0 400.4 400.4 1.25
DVE-12 402409.471 1249329.869 400 0 400 400 0.55 including 257 302 45 1.63
DVE-13 402197.602 1249088.85 400 206 400 196 0.5
DVE-14 402347.86 1249230.65 300 0 213 213 0.67 including 0 69 69 0.9
DVE-15 402412.874 1249076.635 300.2 42 94 52 0.51
DVE-16 402526.657 1249430.556 272.5 0 272.5 272.5 0.1
DVE-17 402403.002 1249426.014 406 372 400 28 0.54
DVE-27 402363.54 1249226.66 460 0 460 460 1.14
DVE-28 402393.29 1249123.78 252.3 0 252.3 252.3 0.35
DVE-29 402404.82 1249227.48 251.4 0 251.4 251.4 0.76 including 221 251.4 30.4 1.87
DVE-30 402392.42 1249123.87 293.2 0 293.2 293.2 0.52
DVE-31 402450.5 1249229.48 444.7 0 444.7 444.7 0.78 including 284 418 134 1.49
DVE-32 402492.32 1249117.88 350.3 0 350.3 350.3 0.44
DVE-33 402553.49 1249211.61 65.3 0 65.3 65.3 0.6
DVE-34 402290.53 1249127.89 98.2 0 98.2 98.2 0.08
DVE-35 402305.73 1249323.67 143 0 143 143 0.29
DVE-36 402293.67 1249128.58 458.1 0 458.1 458.1 0.46 including 322 365 43 1.22
DVE-37 402306.65 1249324.93 471.5 0 471.5 471.5 1.14 including 205 381 176 2.02
or 314 378 64 3.13
DVE-38 402356.94 1249322.34 164.7 0 164.7 164.7 0.49
DVE-39 402407.79 1249328.48 254.2 0 254.2 254.2 0.89
DVE-40 402452.88 1249327.33 140 0 140 140 0.51
DVE-41 402560.24 1249209.18 461.4 0 461.4 461.4 1.21 including 231 259 28 2.96
DVE-42 402447.75 1249229.12 275.3 0 275.3 275.3 0.72 including 0 178 178 1.02
DVE-43 402408.64 1249279.48 433.8 0 433.8 433.8 0.49 including 355 376 21 1.38
DVE-44 402409.15 1249280.28 323.1 0 323.1 323.1 0.99 including 95 239 144 1.58

This information is provided by RNS The company news service from the London Stock Exchange

MSCBSBDGCBDGGCG

The Company has also committed to implement, in partnership with local municipal authorities, the EMED Mining social licence programs including the provision of seed capital to local new enterprises and facilitation of industrial diversification where feasible. One of the major enterprises in the district today is notably a long-standing producing mine, the Rosalia Gold Mine with which EMED Mining also has an exploration alliance.

The version of this announcement which has been uploaded onto the Company website includes some images depicting the Biely Vrch deposit.

The Company is assembling a comprehensive update for shareholders on its exploration programs in Slovakia which to date have cost, in aggregate, less than $5/oz Resource (compliant with the JORC standard). This will also be released this month.

EMED Mining is also pleased to announce that at the National Mining Museum of Slovakia in Banska Stiavnica, Mr Harry Anagnostaras-Adams, Managing Director of EMED Mining and Mr Demetrios Constantinides, Managing Director in Slovakia, were made Honorary Members of the Association of Miners.

Mr Anagnostaras-Adams commented: "We are honoured to be accepting this recognition on behalf of the team and we undertake to continue working hard to protect the trust which the local community and industry have placed in us.

"Our first Project Scoping Study provides strong evidence of the potential value that developing the deposit at Biely Vrch would create for all stakeholders.

"Exploration continues to provide encouragement that further porphyry gold deposits similar to Biely Vrch will be discovered by EMED Mining. And we also plan to test other styles of mineralisation in this once-world-class precious metals province.

"The Biely Vrch Gold Mine project has a short payback period of only two years based on a forecast gold price at today's price of approximately US$1,000/ounce.

"The next steps are to select and procure the land sites for mine infrastructure, finalise any restrictions in relation to the industrial complex nearby, resolve the rate of government royalty and agree with the authorities the timetable and conditions of permitting. Upon satisfactory progress on these fronts we will commence the reserve drill-out and detailed engineering required for a Definitive Feasibility Study. If all that goes well, the Board will trigger development in 2012."

Enquiries

EMED Mining Fox-Davies Capital RFC Corporate Bishopsgate Communications
Finance
Harry Anagnostaras-Adams Jason Bahnsen Stuart Laing Nick Rome
+357 9945 7843 +44 (0)207 936 5230 +618 9480 2500 +44 (0)207 562 3350

www.emed-mining.com
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Further Details on BV Scoping Study work and conclusions

Background and Mineral Resource

The BV Scoping Study addresses the Biely Vrch Project which forms part of the 100%-owned Detva licence area in Central Slovakia, granted to EMED Mining in late 2005.

EMED Mining drilled a total of 44 drill holes at Biely Vrch over several campaigns from late 2006 through to late 2008.

Based on this drilling, the initial JORC-standard Mineral Resource (Indicated & Inferred) for the Biely Vrch porphyry gold deposit totals 41.7 million tonnes at 0.79g/t gold, containing 1.1 million ounces of gold. The Mineral Resource measures approximately 350m north-south and 300m east-west and extends from surface to a depth of 250m. Mineralisation within a vertical pipe-shaped structure continues well below this depth.

Full details of the Biely Vrch Mineral Resource are contained in the announcement released by EMED Mining on 23 February 2009.

Metallurgical Testwork

During 2009, composite samples were collected from the drill core. These samples were selected to represent the four ore types (oxide, argillic, transition and primary), which might be expected to have different metallurgical responses in a leaching operation.

The distribution of ore types within the modelled open-pit is estimated to be oxide 11%, argillic 66%, transition 12% and primary 11%.

AMMTEC Ltd in Perth carried out intermittent bottle-roll testwork that confirmed the ore is not refractory. The results suggest that the heap-leach recovery for oxide and argillic ore types would be in the upper 80% range and are generally not sensitive to the crush size. The transition and primary ore types leach far less readily (about 60% recovery) and have a clear recovery to crush size relationship.

More than 75% of the ore is either argillic or oxide and hence falls into the group that leaches well and it not sensitive to crush size. Based on the testwork results to date and preliminary financial analysis, it is suggested that a crush size of around 12mm would optimise returns. This relatively coarse crush size is expected to result in a reasonable >57% recovery from both the primary and transition material and significantly higher for the oxide and argillic material, without the significant additional capital and operating costs that a finer crush size would entail.

Overall, the testwork indicates that leaching will recover approximately 81% of the gold from the modelled open pit. The current focus is on "valley leaching" to minimise the impact on land and maximise recovery.

Project Parameters

Based on the current knowledge of the Biely Vrch deposit, AMC envisaged the following parameters for developing Biely Vrch:

Contractor mining costs for the deposit have been developed using AMC cost benchmarks relevant to the deposit type, size and spatial distribution. Mining costs are estimated to be approximately US$2.20/tonne of in-situ material near the surface, then increasing with depth due longer haul distances and harder rock being blasted.

Based on the estimated operating costs, the breakeven cut-off grades were calculated for each ore type over a range of gold prices. Pit optimisations were carried out and evaluated at breakeven cut-off grades based on estimated operating costs and a range of gold prices from US$700/ounce to $1,200/ounce. The optimisation open-pit shell based on a US$800/ounce gold price was selected as the base case for financial modelling of the mining parameters.

The Scoping Study envisaged a 600 tonnes per hour, three-stage crushing plant. An ore processing rate of 3.0 million tonnes per annum is scheduled to be achieved even with crushing operations suspended for two months during winter. The crushed and agglomerated ore is to be transported to the heap-leach pads via a series of overland conveyors and a radial stacker.

The BV Scoping Study included assessments of the various potential impacts of the project on the environment, as well as reviewing key mining legislation.

Several key areas of immediate focus identified from the Scoping Study are:

Once these issues are understood the timetable for permitting will be finalised and the next phase of geological, geotechnical and metallurgical work will commence.

Competent Person

Information in this announcement that relates to Mineral Resource estimates and exploration results is based on information compiled by Mr Ron Cunneen, BSc (Hons.) Geology. Mr. Cunneen is Head of Exploration for EMED Mining and a full-time consultant to that company. He is a Member of The Australian Institute of Geoscientists. Mr. Cunneen has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities he is undertaking to qualify as Competent Persons as defined in the JORC Code. Mr. Cunneen consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on AIM in May 2005. 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 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 leading-edge international standards. The Company strictly implements its Environmental & Community Policies which includes:

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

For further information on the Company's activities, visit

www.emed-mining.com or www.emed.tv.

This information is provided by RNS The company news service from the London Stock Exchange

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