Atalaya Mining Regulatory News (ATYM)

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

22 June 2015

EMED Mining Public Limited

("EMED" or the "Company")

RESULT OF OPEN OFFER

On 28 May 2015 the Company announced a Capital Raising of up to £64.9 million by way of a Subscription, Placing and Open Offer. The Open Offer comprised up to 71,993,297 New Ordinary Shares being offered by the Company to Qualifying Shareholders.

The Open Offer has now closed and the Company is pleased to announce that 45,594,091 Open Offer Shares have been conditionally subscribed for by Qualifying Shareholders. This represents approximately 63 per cent. of the total Open Offer Shares made available for subscription under the Open Offer.

As set out in the announcement dated 28 May 2015, the balance of the 26,399,206 Open Offer Shares not subscribed for under the Open Offer will today be available to be placed by Canaccord Genuity and Brandon Hill (the "Bookrunners") at a placing price of 4.75 pence with institutional and other investors (the "Rump Placing"). The Rump Placing will be conducted by way of a book build process and is not being underwritten.

A further announcement is expected to be made later today on conclusion of the Rump Placing.

Capitalised terms in this Announcement, unless otherwise defined, have the same meaning given to them in the announcement issued by the Company on 28 May 2015.

Enquiries

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

IMPORTANT NOTICES

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by either of the Bookrunners or by any of their respective affiliates or agents or brokers, as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Canaccord Genuity is acting for the Company and for no-one else and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Canaccord Genuity nor for providing advice to any other person in relation to any matter referred to herein. Canaccord Genuity is authorised and regulated in the United Kingdom by the Financial Conduct Authority ("FCA").

Brandon Hill is acting for the Company and for no-one else and will not be responsible to anyone other than the Company for providing the protections afforded to customers of Brandon Hill nor for providing advice to any other person in relation to any matter referred to herein. Brandon Hill is authorised and regulated in the United Kingdom by the FCA.

The distribution of this announcement in certain jurisdictions may be restricted by law. No action has been taken by the Company, Canaccord Genuity or Brandon Hill that would permit the possession or distribution of this announcement in any such jurisdiction. Persons into whose possession this announcement becomes available are required by the Company, Canaccord Genuity and Brandon Hill to inform themselves about, and to observe, such restrictions.

The information in this announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would require preparation of a prospectus or other offer documentation, or be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.