Issue of Shares

AIM: EMED

TSX: EMD

24 May 2011

ISSUE OF SHARES

EMED Mining Public Limited ("EMED Mining") today announces that it has issued a total of 709,322 new ordinary shares of 0.25 pence in the Company ("Ordinary Shares") at a price of 15.8849 pence per share to Resource Capital Fund IV L.P. and RMB Australia Holdings Limited as payment of interest of US$159,370.60 pursuant to the convertible secured loan facility between the parties dated 4 March 2009.

Application has been made for the admission of the 709,322 Ordinary Shares to trading on the AIM market of the London Stock Exchange ("Admission"). Admission is expected to become effective on or around 27 May 2011. Following Admission, EMED Mining will have a total of 708,359,450 ordinary shares in issue. Application will also be made for quotation of the new shares on the TSX.

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.