Atalaya Mining Regulatory News (ATYM)

AIM: EMED

TSX: EMD 9 January 2012

NOT TO BE DISTRIBUTED TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATED IN THE UNITED STATES

Update of holdings and issue of equity

EMED Mining Public Limited ("EMED Mining" or the "Company"), the Europe-based minerals development and exploration company, wishes to update its announcement on 28 December 2011 concerning Resource Capital Fund IV L.P ("RCF") and RMB Australia Holdings Limited ("RMB"). In particular, the earlier announcement did not fully reflect the aggregate shareholdings in the Company of RCF and RMB.

EMED Mining confirms that, following completion of the issue of shares to RCF and RMB on conversion of the loans due to them, RCF holds 165,847,388 ordinary shares of 0.25 pence each in the capital of the Company ("Ordinary Shares") and RMB holds 67,091,028 Ordinary Shares. The Company's issued share capital following the issue of shares to RCF and RMB is 856,451,846 Ordinary Shares.

EMED Mining also announces that the final quarterly interest payment due to RCF and RMB under the convertible loan agreement dated 4 March 2009 for the period ended 31 December 2011 will be satisfied by the issue of 1,540,081 Ordinary Shares at a price of 7.34 pence per share. Of this amount, 1,174,628 Ordinary Shares will be issued to RCF and 365,453 Ordinary Shares will be issued to RMB. Accordingly, following the issue of such shares, RCF will hold 167,022,016 Ordinary Shares, representing 19.47% of the issued share capital of the Company (17.66% fully diluted) and RMB will hold 67,456,481 Ordinary Shares representing 7.86%% of the issued share capital of the Company (7.13% fully diluted). Application will be made for such shares, to be admitted to trading on AIM ("Admission"), with trading in the new shares expected to commence on AIM on or around 16 January 2012.

The Ordinary 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 or disapproved the contents of this press release. 

Enquiries

For further information on the Company's activities, visit www.emed-mining.com or www.emed.tv