Atalaya Mining Regulatory News (ATYM)

AIM: EMED 2 October 2012

TSX: EMD

EMED Mining Public Limited

("EMED Mining" or the "Company")

EMED Mining, the Europe-based minerals development and exploration company, reports that it has received the complete report of AAU public comments from the Environment Ministry of the Junta de Andalucía, and expects to provide satisfactory and substantiated replies to the authorities within 15 days. The comments of the public fall into a number of categories, the notable ones being with respect to risk identification and mitigation of normal mining related environmental issues.

EMED is pleased to note that of the 20 submissions received from the public, 12 were positive recommendations from local municipalities and stakeholders in favor of the project and that for the 8 remaining comments our responses can be supported by reference to reports which are already on hand and which have been prepared in close collaboration with leading specialists within Spain and internationally.

Harry Anagnostaras-Adams, Managing Director and CEO, said: "We are delighted to have received such positive support as we continue to progress towards the reopening of the Rio Tinto Mine. We remain committed to working closely with the local authorities and continue to pull all elements together for the Company's conditional development commitment by the end of this current quarter and to start commissioning production at the end of next year.

"This process is being implemented in parallel with those pertaining to the Administrative Standing of EMED Mining's mineral rights and to the conditional approval of the Project restart plans."

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Enquiries

EMED Mining Harry Anagnostaras- Adams +357 9945 7843

RFC Ambrian Stuart Laing +61 8 9480 2500

Fox-Davies Capital Simon Leathers +44 203 463 5022

Fairfax I.S. PLC Ewan Leggat/Katy Birkin +44 207 598 5368

Bishopsgate Communications Nick Rome +44 207 562 3350

Proconsul Capital Andreas Curkovic +1 416 577 9927