August 19, 2008:
Anatolia Minerals Development Limited ("Anatolia" or the
"Company") [TSX: ANO] announces the Company has
been notified that the forestry permit for its ��pler Gold Mine has been
approved by the General Directorate of Forestry, a division of the
Turkish Ministry of Environment and Forestry ("MoEF"). The
permit grants the lease of forestry lands for use in the mining operation
through the life of the project. This is the final major pre-construction
permit needed for ��pler.
Edward Dowling, President and CEO of Anatolia stated, "Receiving the
forestry permit is an important milestone for the Company. We're close to
completing project financing arrangements and expect to commence
construction after finishing our final internal review of the project
execution plan. ��pler will represent an important economic development
for Turkey, and particularly, the communities of the Province of
Erzincan.."
About Anatolia
Anatolia Minerals is a leader among exploration and development companies
in Turkey, pursuing a disciplined strategy for growth through resource
discovery and development. The Company's 100%-owned ��pler Gold Project
is among Turkey's largest undeveloped gold deposits. Anatolia is
developing ��pler with a holistic approach. The Company plans a phased
mine development at ��pler. Phase 1 begins with a crush-heap leach
operation for the oxide ores. Simultaneously, the Company is accelerating
exploration and technical work to generate additional gold resource and
reserves for both oxide and sulfide ores. In Phase 2, the Company plans
to install milling for higher-grade oxide ores to produce additional gold
along with the initial heap leach. Phase 3 will culminate in the
development of the sulfide mineral resources.
Anatolia currently has 83.1 million common shares issued and outstanding,
100.5 million fully diluted. For more information: Edward Dowling,
President and CEO, or Douglas Tobler, Chief Financial Officer at (303)
292-1299 or visit www.anatoliaminerals.com. Anatolia trades on the
Toronto Stock Exchange as ANO.
Cautionary Statements
Certain statements contained in this news release constitute
forward-looking information, future oriented financial information, or
financial outlooks (collectively "forward-looking information")
within the meaning of Canadian securities laws. Forward-looking
information may relate to this news release and other matters identified
in Anatolia's public filings, Anatolia's future outlook and anticipated
events or results and, in some cases, can be identified by terminology
such as "may", "will", "could",
"should", "expect", "plan",
"anticipate", "believe", "intend",
"estimate", "projects", "predict",
"potential", "continue" or other similar expressions
concerning matters that are not historical facts and include, but are not
limited in any manner to, those with respect to commodity prices, mineral
resources, mineral reserves, realization of mineral reserves, existence
or realization of mineral resource estimates, the timing and amount of
future production, the timing of construction of the proposed mine and
process facilities, capital and operating expenditures, availability and
timing of sufficient financing, and any and all other timing,
development, operational, financial, economic, legal, regulatory,
political factors that may influence future events or conditions. Such
forward-looking statements are based on a number of material factors and
assumptions, including, but not limited in any manner, those disclosed in
any other Anatolia filings, and include the ultimate determination of
mineral reserves, availability and final receipt of required approvals,
licenses and permits, sufficient working capital to develop and operate
the proposed mine, access to adequate services and supplies, commodity
prices, foreign currency exchange rates, interest rates, access to
capital markets and associated cost of funds, availability of a qualified
work force, and the ultimate ability to mine, process and sell mineral
products on economically favorable terms. While we consider these
assumptions to be reasonable based on information currently available to
us, they may prove to be incorrect. Actual results may vary from such
forward-looking information for a variety of reasons, including but not
limited to risks and uncertainties disclosed in other Anatolia filings at
www.sedar.com and other unforeseen events or circumstances. Other than as
required by law, Anatolia does not intend, and undertakes no obligation
to update any forward looking information to reflect, among other things,
new information or futures events.