Mr. Harry Anagnostaras-Adams reports

SPANISH SUPREME COURT RULING CONSISTENT WITH EMED MINING'S PERMITTING APPROACH

A final court ruling in the Supreme Court of Spain has confirmed that the approach adopted by EMED Mining Public Ltd. for the permitting of the Rio Tinto copper project is correct. The court ruled that administrative standing is indeed a prerequisite for triggering the project.

The outcome of the case, while pleasing for EMED Mining, could not and did not have any impact on the company's ownership of the Rio Tinto copper project or its application for administrative standing.

The only potential impact the case could have had was to remove the need to apply for administrative standing. However, this was never considered as a real possibility by the company in this dispute between a past project vendor and the Junta de Andalucia.

Harry Anagnostaras-Adams, EMED Mining's managing director and chief executive officer, said: "This case between a third party and the Junta de Andalucia was not a concern to EMED Mining but it is nevertheless pleasing that the outcome reaffirms our analysis of the issues that were being considered and also the approach we adopted upon acquiring in 2008 outright ownership and control of the Rio Tinto copper project.

"It is a world-class project which has attracted more than its share of complexity and it is pleasing that it continues to simplify itself partly through our efforts and partly as a result of the efforts of the Junta de Andalucia."