Atalaya Mining Regulatory News (ATYM)

AIM: EMED

TSX: EMD 11 January 2011

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

EMED Mining Closes $2.4 million Over-Allotment Option

EMED Mining Public Limited ("EMED Mining" or the "Company") is pleased to announce that with respect to its recently closed initial public offering in Canada, the syndicate of agents led by Canaccord Genuity Corp. and including GMP Securities L.P. and Paradigm Capital Inc. have exercised the over-allotment option granted to them (the "Option"). Pursuant to the Option, the Company has issued an additional 18,145,500 ordinary shares at CAD$0.135 each to cover over-allotments and for market stabilization purposes and received additional gross proceeds of approximately CAD$2.4 million. 

Following the issue of these shares the Company will have a total of 691,313,838 million ordinary shares on issue.

Enquiries

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

Note re US Securities

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.