NICOSIA, CYPRUS--(Marketwire - Aug 22, 2012) -

 AIM: EMED TSX:EMD 22 August 2012 CONDITIONAL PLACING TO RAISE GBP3.5 MILLION Highlights: * EMED Mining has conditionally raised gross proceeds of approximately GBP3.5 million by way of a placing in the United Kingdom and Canada. * Proceeds to be applied in funding the cash consideration for the recently announced land acquisitions EMED Mining Public Limited, the Europe-based minerals development and exploration company, ("EMED Mining" or the "Company") is pleased to announce that it has conditionally raised GBP3,542,140 (before expenses) by way of a private placement of 41,672,243 new ordinary shares of 0.25 pence each (the "Placing Shares") at an issue price of 8.5 pence each (the "Placing Price") in the United Kingdom Canada. (the "Placing"). The Placing was effected by the Company's brokers in the UK and Canada, Fox-Davies Capital Limited ("Fox-Davies") and Canaccord Genuity Corp. ("Canaccord") respectively. The Placing is subject to the conditional approval of the Toronto Stock Exchange and the Placing Shares being admitted to trading on the AIM market of the London Stock Exchange ("Admission"). Admission is expected to occur, and trading in the Placing Shares on AIM is expected to commence, at 8.00 a.m. (BST) on 29 August 2012. Listing of the Placing Shares on the Toronto Stock Exchange is expected to commence on the same date. The net proceeds of the Placing will be largely applied in funding the cash consideration for the recently announced acquisitions of certain land plots (covering large parts of the tailings dams and waste dumps) adjoining the Rio Tinto Copper Mine. Following the issue of the Placing Shares, the Company will have a total of 1,046,275,252ordinary shares in issue. The Placing Shares will represent approximately 4 per cent. of the enlarged issued share capital of the Company. The Company has agreed to grant to each of Fox Davies and Canaccord warrants to subscribe at the Placing Price for such number new ordinary shares in the Company as is equal to 5% of the Placing Shares subscribed by investors procured by them. Accordingly, an aggregate of 2,083,612 warrants will be issued to Fox-Davies and Canaccord. Such warrants are granted conditional on Admission and expire on the fifth anniversary of Admission. Harry Anagnostaras-Adams, Managing Director, said: "The two recently announced purchases of all the lands required for waste deposition at the Rio Tinto Copper Mine successfully dealt with the last remaining significant legacy issue.""The support from our shareholders in parallel with this recent breakthrough is greatly appreciated, especially during such weak capital market conditions internationally." "Meanwhile, we have been working hard with all parties to trigger the Rio Tinto Copper Mine restart by the end of 2012 - with the infrastructure in place, a proven resource to mine and financing arrangements conditionally agreed, we are well positioned to recommence mining operations as early as possible once regulatory approvals permit." -Ends- Enquiries EMED Mining Harry Anagnostaras-Adams +357 9945 7843 RFC Ambrian Stuart Laing +61 8 9480 2500 Fox-Davies Capital Simon Leathers/Susan Walker +44 203 463 5022 Fairfax I.S. PLC Ewan Leggat/Katy Birkin +44 207 598 5368 Bishopsgate Nick Rome +44 207 562 3350 Communications Proconsul Capital Andreas Curkovic +1 416 577 9927 For further information on the Company's activities, visit [ www.emed-mining.com ] or [ www.emed.tv ] The Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. No securities commission has approved the contents of this press release. Forward Looking Information This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries, future growth, results of operations, performance, business prospects and opportunities. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations (including negative variations) of such words and phrases, or by the use of words or phrases that state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company and/or its subsidiaries to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements contained in this press release including, without limitation those describedin the section entitled "Risk Factors" in the Company's annual information form dated 30 March 2012. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in such forward-looking statements, there may be other factors that may cause actions, events or results to differ from those anticipated, estimated or intended. Should one or more of these risks or uncertainties materialize or should assumptions underlying such forward-looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this press release. The forward-looking information and forward-looking statements contained herein are made as of the date of this press release and the company disclaims any obligation to update or review such information or statements, whether as a result of new information, future events or results of otherwise, except as required by law. This information is provided by RNS The company news service from the London Stock Exchange END