Issue of Shares

AIM: EMED 6 December 2010

ISSUE OF SHARES

EMED Mining Public Limited ("EMED Mining" or "the Company"), the AIM-quoted mining exploration and development company, is pleased to announce that it has issued a total 1,281,939 new ordinary shares of 0.25 pence in the Company ("Ordinary Shares") at a price of 8.8354 pence per share to Resource Capital Fund IV L.P. and RMB Australia Holdings Limited as payment of interest of US$160,203 pursuant to the convertible secured loan facility between the parties dated 4 March 2009.

Further to the Company's announcement on 5 November 2010, EMED Mining has also issued 2,500,000 new Ordinary Shares at a price of 10.5 pence per share to Iberian Resources Portugal Minerais Unipessoal LDA in consideration of the acquisition of an option over the assets comprising the Regua Tungsten Project. Shareholders approved the issue of such Ordinary Shares at the Company's Extraordinary General Meeting on 22 November 2010.

Application has been made for the admission of the 3,781,939 Ordinary Shares to trading on the AIM market of London Stock Exchange ("Admission"). Admission is expected to become effective on 10th December 2010. Following Admission, EMED Mining will have a total of 432,071,950 Ordinary Shares in issue.

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