Atalaya Mining Regulatory News (ATYM)

AIM: EMED

TSX: EMD 15 April 2013

EMED Mining Public Limited

("EMED Mining" or the "Company")

Permitting Update

for Commencement of Site Works at Rio Tinto Copper Project

EMED Mining, the Europe-based minerals development and exploration company, is pleased to report that the Andalucian Government is progressing the permits required to commence site works, namely the finalisation of Administrative Standing and of the Environmental Plan.

The Andalucian Department of Industry has cleared the Company's economic, technical and legal capacities and formally written to formally advise that it intends to finalise Administrative Standing (administrative recognition of the Company's Mineral Rights) upon:

1. Receipt of a preliminary report from the national civil works technical review agency CEDEX(Centro de Estudios y Experimentación de Obras Públicas) supporting the proposed conditions to be applied to tailings management, as already factored into the Company's plans. The confirmatory investigations were completed last quarter and the report is due in May 2013 confirming the viability of the tailings management plan, including:

o restricting the existing dam wall to the previously permitted height

o future use of high density tailings to reduce water on the tailings deposit

o proposed method of sealing the surface of the tailings deposit at closure

o holding capacity to support production plans, and

2. Approval by the Department of Environment of the Environmental Plan ("AAU" or UnifiedEnvironmental Authorisation). The conditions of approval need to take into account all matters raised during the public comment period in 2012 and any matters raised by regulators or parties with a registered interest.

Harry Anagnostaras-Adams, Managing Director and CEO of EMED Mining, commented:

"Great progress has been made in gaining our final approvals to initiate production planning. We maintain targets to trigger works in Q3-13 and production in Q3-14 and we thank all stakeholders for their support in the preparations for the restart of the world class Rio Tinto Copper Project. It has taken a great effort to re-assemble all the lands and infrastructure and to re-engineer the project so that it meets all regulatory requirements.

"We are very pleased that the Andalucian Department of Industry has confirmed that the Company has satisfied the legal, technical and economic criteria for Administrative Standing of the Company's mineral rights and formally written to advise that it can be expected to be finalised upon receipt of a satisfactory independent report in respect of tailings management plans as discussed, and upon formal approval by the Department of Environment of the Environmental Plans.

 "Approval of Administrative Standing and the Environmental Plans are prerequisites for commencement of site works and also for finalising the Final Restoration Plan and Mining Permit which are prerequisites for commencement of production in 2014. Production start-up in 2014 is the first stage of targeted operations encompassing several deposits on the Company's wholly-owned property.

"Preparations of the project and its financing are progressing in parallel with permitting."

For more information please contact: