NICOSIA, CYPRUS--(Marketwired - Apr 2, 2013) - EMED Mining Public Limited (AIM: EMD) (TSX: [ EMD ])

 AIM: EMED TSX: EMD 02 April 2013 EMED Mining Public Limited ("EMED Mining" or the "Company") Limited Company Exposure to Cyprus Bank Restructuring EMED Mining, the Europe-based minerals development and exploration company, updates shareholders as regards the announcement by authorities in Cyprus of a proposed restructuring of its banks. In essence, the impact on the Company is to reduce the previously estimated potential cost from circa EUR270,000 to circa EUR110,000. Background When Cyprus temporarily suspended its banking operations on 18 March 2013, the Company held EUR210,000 in a current account of a Cypriot bank for payment of local expenses. Other deposits were held in other banks. On 19 March 2013, the Company formally advised shareholders of the potential impact of up to EUR270,000 of one-off levies then proposed by the authorities. Based on the subsequently revised restructuring of the banks announced by the authorities on 25 March 2013, and the implementation thereof as from 28 March 2013 when the Cyprus banking system re-opened, the potential impact on EMED Mining has been reduced to EUR110,000, which amount has since been set aside to cover losses of a local bank. We believe that the Company's other deposits are not exposed to the restructuring of Cyprus banks. The Global Financial Crisis of 2008 and the subsequent international banking crises, including the current Cyprus situation, have not affected the smooth functioning of the Company's administration in any of its jurisdictions, including Cyprus where we employ a small team of highly professional staff for accounting, treasury and compliance. For more information please contact: 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 Bishopsgate Communications Nick Rome +44 207 562 3350 Proconsul Capital Andreas Curkovic +1 416 577 9927 This information is provided by RNS The company news service from the London Stock Exchange END