EMED Mining Provides Progress Update on Rio Tinto Copper Project in Spain

EMED Mining, the Europe-based minerals development and exploration company continued to make good progress during the past month at its Rio Tinto Copper Project in Spain.

• The 30-day public comment period on the Environmental Plan (AAU) started on 14 September, updated for refinements to the tailings management facility (TMF) agreed as conditions in May this year.
• The Government has publicly re-affirmed the feasibility of issuing around the end of 2013 the two principal permits which allow site preparations to begin, the Environmental Plan (AAU) and Administrative Standing (AS).

Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining, commented:"We are pleased with the increased pace of the permitting process at Rio Tinto Project as it reaches final stages for allowing the project's restart, initially with the Cerro Colorado Open Pit for copper and silver."In July the authorities received a favourable Viability Report from CEDEX, the Government's independent technical expert for the refinements to the tailings management facility. In August the 30-day public viewing of the associated Environmental Plan was approved, and it has just officially opened. These are the steps for the granting of Administrative Standing for the Company's mineral rights over the world class Rio Tinto mining district. We can then trigger the initial works of a twelve month programme leading to commissioning."This intensifying permitting progress follows our successful consolidation of the ownership of all the project assets in late 2012, installation of new product off-take arrangements and, especially, our re-engineering of the operating plans and other modernizing improvements including tailings and water treatment. The planned environmental innovations are as important as the obvious developmental and economic benefits."The progress as we move closer to restarting the

Project is encouraging on all fronts - permitting, finance and project preparations. We look forward to further updating shareholders in due course."