AIM: EMED

14 September 2007

Placing of New Ordinary Shares

EMED Mining Public Limited (“EMED Mining” or “the Company”) has today conditionally placed 20,588,000 new ordinary shares of 0.25 pence each par value (“New Ordinary Shares”) at an issue price of 17 pence each (”Placing Price”) with existing and new shareholders.� The Placing will raise �3.5 million gross (�3.3 million net after associated expenses) and is conditional upon admission to trading on AIM of the New Ordinary Shares.� Application is being made for the New Ordinary Shares to be admitted to AIM and it is expected that Admission will be effective and that the Placing will be completed on 21^st September 2007.

Investors include Oxiana, Gold Fields, Fidelity International, Yorkville Advisors LLC, RMB Australia Holdings Limited and Resource Capital Funds.� Fox Davies Capital Limited acted as broker in relation to the Placing, and will receive a commission and warrants to subscribe for 910,520 New Ordinary Shares pursuant to the Placing.

The funds raised will allow continued exploration of the porphyry gold discovery at Biely Vrch in Slovakia along with further progress with the potential acquisition in Spain of Proyecto de Rio Tinto (“PRT”) where EMED Mining’s local subsidiary continues to increase Mineral Resources and Ore Reserves.� The potential restart of PRT, at a planned base case production rate of 40,000tpa (after ramp-up) of contained copper, remains subject to the satisfaction of conditions precedent, principally the granting of regulatory consent by the Junta de Andalucia.

Establishment of �10 million Standby Facility available for 3 years

The Company also entered into a �10.0m Standby Equity Distribution Agreement �(“SEDA”) with Yorkville Advisors, LLC, as the Investment Advisor to YA Global Investments, L.P. (“Yorkville”), which enables the Company, at its discretion during the next 3 years, to draw down funds under the SEDA in small tranches as and when it deems appropriate and in accordance with restrictions set by the terms of the Agreement.

The financial capacity provided by the SEDA reflects EMED Mining’s strategy for maintaining rapid business growth while preserving the opportunity to optimise financing methods. Yorkville has provided such facilities to other companies in the natural resources sector, including Fortescue Metals Group (ASX), United Fiber Systems (SGX) and Petra Diamonds (AIM).

Appointment of Joint Broker

The Board of EMED Mining is pleased to announce that it has appointed Panmure Gordon (UK) Limited (“Panmure Gordon”) as its Joint Broker with immediate effect. Panmure Gordon, through its Appointed Representative GMP Securities Europe LLP, has been appointed because of its strength in the natural resources sector.

Mr Harry Anagnostaras-Adams, Managing Director of EMED Mining said: “EMED Mining continues to make preparations for the restart of PRT in Spain, if all conditions precedent are satisfied later this year. �We also wish to continue fast-tracking the drill-out of our gold porphyry discovery in Slovakia.”

-Ends-

Enquiries

GMP Securities Europe LLP, an Appointed Representative of Panmure Gordon (UK) Limited

Telephone +44 (0) 20 7459 3606

James Hannon

New Funding Agreement

The Company has today entered into a Standby Equity Distribution Agreement (“SEDA”) with Yorkville Advisors, LLC, as the Investment Advisor to YA Global Investments, L.P. (“Yorkville”).

The principal features of the SEDA are as follows:

1                     The maximum aggregate amount of the equity line is �10,000,000 and EMED Mining is entitled to draw down the equity credit line in tranches of up to �250,000 at its option but not more frequently than every 21 days. This may increase to 35 days in certain circumstances.

2                     The facility is for 36 months and is exercisable at any time other than when the Company is in possession of unpublished price sensitive information, or at any time it has become reasonably probable that such information will be required by the AIM rules to be notified.

3                     The Company may at its option state in a notice to Yorkville the minimum market price which it wishes to accept in relation to an advance under the SEDA. Subject to compliance with the minimum market price set by the Company, Yorkville will subscribe for new Ordinary Shares (at a discount of five per cent) at the lowest volume-weighted average price (as derived from Bloomberg) (the “VWAP”) of the five trading days following EMED Mining’s notice to Yorkville for it to subscribe for new Ordinary Shares.

4                     Yorkville has agreed that it will not and will procure that its affiliates will not during such a five day pricing period sell, transfer, grant any option over or otherwise dispose of the legal, beneficial or any other interest in any Ordinary Shares, or agree to do so. Yorkville has also agreed that it shall not and shall procure that none of its affiliates shall during the 36 month period of the SEDA enter into any contracts for the sale of Ordinary Shares in excess of the total number of Ordinary Shares which Yorkville and its affiliates own (including Ordinary Shares in respect of which EMED Mining has given a notice to Yorkville).

5                     Yorkville may not refuse a notice by EMED Mining to subscribe for new Ordinary Shares provided that each time notice is given the pre-conditions have been met, which includes a requirement that warranties given by the Company have not been materially breached.

6                     There are no restrictions placed on EMED Mining’s access to other funding during the term of the agreement.

7                     There is a fee payable to Yorkville of five percent of the amount of each tranche.

8                     EMED Mining will also pay Yorkville an Implementation Fee of �350,000 for the credit line (which can be satisfied in two tranches of 50% each either in cash or in ordinary shares, with the number of such shares being calculated as �175,000 divided by the VWAP for the trading day immediately prior to the date of signing of the SEDA in the case of the first tranche, and in the case of the second tranche �175,000 divided by the VWAP for the earlier of (i) the fifth trading day after the notice date which results in the Company having given notice for advances of �750,000 or more; and (ii) the day before the first anniversary of the date of the SEDA agreement.

9                     There are no warrants or any other attached instruments to the issue of the shares arising from each put by EMED Mining.

Further Information about Share Issue

As part of the SEDA, the Company has agreed to issue 1,030,109 New Ordinary Shares to Yorkville (being the first tranche of the implementation fee due under the SEDA).

The new ordinary shares to be issued to Yorkville are expected to be admitted to trading on AIM on 21 September 2007.� The new ordinary shares will rank pari passu with the existing shares of the Company. Following this allotment and the allotment of the Placing Shares, the total issued share capital of the Company will increase to 147,928,542 ordinary shares.

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. 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 has moved rapidly reflecting 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 Iran. 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. EMED Mining recently co-hosted with the Green Party of Cyprus an international conference on Responsible Mining and Environmental Management. 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.

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

�         Spain/Cyprus The mines at Rio Tinto, Andalucia, Spain are probably amongst the best known in the world. They are, with the possible exception of those in Cyprus, the oldest capable of still being worked. It is now EMED Mining’s goal to restart production in both of these well-endowed 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 of production techniques are similar.

�         Slovakia exploration areas are centred on a cluster of volcanic centres in Slovakia and Romania. Low-detection geochemical methods are being applied to these areas for the first time together with open pit bulk mining concepts. The targeted mineralisation styles are high-grade epithermal gold, or bulk-mineable epithermal gold and porphyry copper-gold. The Company has discovered a porphyry gold system at Biely Vrch in Central Slovakia which is the focus of a major drilling program over 2007.

�         Georgia exploration areas form a cluster of gold prospects with EMED Mining’s main prospects being 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.

�         Turkey exploration areas 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 .