NICOSIA, CYPRUS -- (Marketwire) -- 09/27/12 --

EMED MINING QUARTERLY OPERATIONAL UPDATE

EMED Mining is listed on AIM (Code: EMED) and the TSX (Code: EMD) 27
September 2012

EMED Mining Public Limited (AIM: EMED, TSX: EMD) ("EMED Mining" or "the
Company"), the Europe-based minerals development and exploration
company, announces today the following operational update for the
period 1 July 2012 to 27 September 2012. The full Quarterly Report,
including consolidated Financial Statements and the Management
Discussion and Analysis, will be issued on or about 12 November 2012.
This Operational Update is being issued today, slightly ahead of the
end of the quarter, for good order in light of a Company presentation
being made today at an investment conference.

Harry Anagnostaras Adams, Managing Director of EMED Mining,
commented:"During the last quarter EMED achieved several important goals,
most notably the consolidation of all project lands at the Rio Tinto Copper
Mine. This, along with advances made in regulatory permitting, engineering
and financing, duly advance the major tasks in the"pre-development" stage
of Rio Tinto's path to production. We are on track to complete these tasks
and trigger the consequential project execution processes targeting the
commencement of production commissioning at the end of 2013."The key
objective for the December quarter is gaining the regulatory approval of
the Company's Administrative Standing and the conditional approval of the
Company's plans for the Environment and the Project."

Key Points

* The start of commissioning at the Rio Tinto Copper Mine remains
targeted for end-2013;

* Andalucian Government key approvals required for the project
restart are being progressed as follows:

   o Administrative Standing: this approval requires the regulatory
clearance of economic, technical and legal "capacities". Legal capacity
was cleared in 2011. All documents in respect of legal, technical and
economic capacities were updated as at the beginning of September, as
requested by the regulatory authority, and lodged for final clearance;

   o Environmental Plans: The period for public comment closed at the end
of July. We have yet to receive, from the regulatory authority, the
summary of the general public's comments. However, we have in the
meantime been provided with the comments submitted by the local
non-government environmental organisation and have satisfied ourselvesthat
they present no surprises or material concerns. We target to
resolve conditional approval of environmental plans in the December
quarter;

   o Project Plans: the independent review from the technical review
agency IGME (Instituto Geologico y Minero de Espana) is now due and we
target to resolve conditional approval of the project plans in the
December quarter;

   o Bonding for environmental commitments and protection of personnel
entitlements: the Company expects to engage on this matter with the
authorities in the December quarter.

* All project lands were consolidated during the September quarter
with the Company now owning all lands required for project operations.
Extra lands have also been secured under options for potential further
expansion possibilities. The terms of these transactions aligned the
interests of the land vendors with those of EMED Mining as most of the
consideration is either in the form of ordinary shares of EMED Mining
locked-in pending project permitting or in the form of pre-set cash
flow entitlement from future production

* The up-front cash consideration paid for project lands was
replenished during the September quarter as a result of private
placements to existing shareholders;

* The project team readied the capital estimates, schedules and
execution plan in preparedness for independent reviews by the
Directors, customers and financiers in the December quarter;

* Product marketing arrangements are being expanded with
appropriate third parties, to complement those already planned with
Goldman Sachs International and Xiangguang International (XGC);

* Project financing documentation is being readied in accordance
with the terms sheets which have been agreed, for triggering of formal
approval processes in the December quarter to support drawdown targeted
for early 2013, after detailed engineering and permitting conditions
are approved.

* At the Detva Gold Project in Slovakia, we are focused on
community consultation as part of the processing of our application for
the regulatory approval of a Mining Lease Area.

Corporate Directory

Directors      Non-Executive Chairman - Ronnie Beevor

               Managing Director - Harry Anagnostaras-Adams

               Finance Director - John Leach

               Non-Executive Directors - Jasper Bertisen, Roger Davey,
               Robert Francis, Ashwath Mehra, Jose Sierra Lopez

Nominated      RFC Corporate Finance - Stuart Laing (+61 8 9480 2500)
Adviser

Brokers        Fox-Davies Capital Limited - Simon Leathers (+44 203 463
               5022)

               Fairfax I.S. PLC - Ewan Leggat/Katy Birkin (+44 207 598
               5368)

               Canaccord Genuity - Craig Warren (+1 416 869 7316)

Public         Bishopsgate Communications - Nick Rome (+44 207 562
Relations      3366)

Share          Computershare Investor Services
Registrar

Issued Capital 27 September 2012

               1,113 million shares on issue

                75 million options and warrants on issue

                1,188 million shares on issue on a fully diluted
               basis

Significant    Management and Board (excl. companies they           6%
Shareholders   represent)

(fully         Resource Capital Funds (USA and Australia)           15%
diluted)
               Xiangguang International Holdings (China)            12%

               RBC Asset Management (Canada)                        9%

               RMB Australia Holdings Limited (Australia and        6%
               elsewhere)

               Rumbo 5 Cero                                         4%

               Astor Holdings AG (formerly MRI Group) (Switzerland) 3%

               Standard Life (United Kingdom)                       3%

Enquiries:

Investors/Media: Harry Anagnostaras-Adams +357 9945 7843.
In North America : Andreas Curkovic +1 416-577-9927
General: Email: info@emed-mining.com

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END