EMED MINING QUARTERLY REPORT

SUMMARY OF ACTVITIES FOR THE THREE MONTHS TO JULY 2007

6 AUGUST 2007

EMED Mining Limited (“EMED Mining”) (AIM:EMED) publishes its first quarterly report, summarising activity from May to July 2007:

Key Points

Slovakia - Porphyry gold system discovered

�      Porphyry gold system discovered at Biely Vrch in Central Slovakia.

�      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.

�      Initial drilling has already defined 15 to 23 million tonnes at an average grade of 1.0g/t gold, containing approximately 0.5 to 0.7 million ounces. Further work is required to define and then expand a JORC-compliant Mineral Resource.

Spain – Option acquired over copper project currently on care & maintenance

�      Acquired an option over 100% of the RTZ-built copper mine and processing plant, Proyecto de Rio Tinto (“PRT”) in Spain (announced 11 May 2007).

�      Acquisition completion subject to satisfactory completion of due diligence, regulatory consent to the restart of operations and securing of finance. Progressing towards triggering in Q4 2007 of production re-start in 2008 with initial 51% equity and subsequently 100%.

�      JORC-compliant Mineral Resources total 255 million tonnes at 0.57% copper and Ore Reserves total 69 million tonnes at 0.65% copper (containing 0.45 million tonnes copper).

�      Annual average EBITDA (Earnings Before Interest, Tax, Depreciation and Amortisation) of approximately �50 million per annum for 100% of PRT based on a copper selling price of US$2.50/lb (current spot price over US$3.60/lb);

Cyprus – Progressing feasibility study on copper-zinc project

�      Exploration drilling continues with the aim of increasing Inferred Resources totalling 6.6 million tonnes at 0.7% copper-equivalent.

�      Independent review of Company’s Preliminary Feasibility Study scheduled for Q4 2007.

Georgia – Exploring large licence area for gold

�      Russian Resources of 1.0 million ounces gold confirmed at the Zopkhito Prospect.

�      First-sampling of prioritized prospects continues.

…. announcement continues. The full announcement is available at:

http://emed-mining.com/site/dmdocuments/EMED_Mining_June07_QR_6Aug07.pdf

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