Atalaya Mining Regulatory News (ATYM)

AIM: EMED 21 October 2010

EMED Mining Files Preliminary Prospectus in Canada

EMED Mining Public Limited ("EMED Mining" or "the Company"), the AIM-quoted mining exploration and development company, is pleased to advise that it has filed a preliminary prospectus in connection with a proposed public offering ("Offering") in Canada and its proposed dual listing on the TSX.

The following documents are now available on SEDAR under EMED Mining's profile at www.sedar.com and on the Company's website at www.emed-mining.com:

> The preliminary prospectus;

> An Independent Technical Review by Behre Dolbear International Ltd of the Company's Rio Tinto Copper Mine in Spain; and

> An Independent Technical Review by Behre Dolbear International Ltd of the Company's Detva Gold Project in Slovakia.

In connection with the Offering, EMED Mining has appointed Canaccord Genuity as Lead Agent in Canada together with a syndicate of agents that includes GMP Securities LP and Paradigm Capital Inc. The corporate brokers for AIM remain Fox Davies Capital Limited and Fairfax I.S PLC.

Harry Anagnostaras-Adams, EMED Mining's Managing Director, commented -

"We will now work towards this dual-listing, following a marketing period that will determine the size and pricing of any offering in Canada vis a vis a placing on AIM. The definitive size of the Offering as well as the offering price will be determined in the context of the market."

Enquiries

Notes to Editors: About EMED Mining Public Limited

EMED Mining was admitted to trading on the AIM market of the London Stock Exchange in May 2005. The Company is committed to responsible development of metal production in Europe, with a focus on copper, gold and critical raw materials.

The Group's region of interest is the tectonic belts spanning across Europe and over to the Middle East. The strategy is to evaluate exploration and development opportunities in several jurisdictions throughout this quality mineral belt and to promote sustainable development practices through the implementation of European Union and other international standards. The Company strictly implements its Environmental & Community Policies.

EMED Mining is focused on two key projects in Spain and Slovakia with excellent potential to add significant value:

Copper in Spain: The copper-mining district of Spain is probably among the best known in the world for its metal endowment. The Company's first priority is to commence production of its wholly-owned Rio Tinto Mine which is the largest metal deposit in Spain and contains a fully installed and maintained operational complex - an open pit mine, copper-concentrator and waste disposal facilities.

Gold in Slovakia: The Company has made a significant gold discovery at Biely Vrch and is advancing planning and permitting for its potential development. A revised Scoping Study prepared by AMC Consultants (UK) Ltd has confirmed the attractive economics of developing a mine at Biely Vrch - based on gold prices of >US$1,000/ounce (currently >US$1,300/ounce). A matter of equal importance to the assessment of the technical merits of our projects in Slovakia is the degree of social licence gained. EMED Mining personnel have built-up outstanding relationships with the Slovak government, local communities, business chambers, scientific societies and other stakeholders that are based on integrity, transparency and progress. These stakeholders have been very supportive of the responsible development of metal production operations in Slovakia.

EMED Mining has the following other notable earlier-stage activities:

·; Exploration licences in the copper-mining districts of Cyprus;

·; An option over a tungsten deposit in Portugal; and

·; A 20% shareholding in KEFI Minerals Plc which operates exploration joint ventures in Turkey and Saudi Arabia.

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