Proposed Levy on Deposits in Cyprus

AIM:EMED

TSX: EMD 18 March 2013

EMED Mining Public Limited

("EMED Mining" or the "Company")

Limited Company Exposure to Proposed Levy on Deposits in Cyprus

EMED Mining, the Europe-based minerals development and exploration company, notes the announcement by authorities in Cyprus of a proposed one-off levy of 6.75% to 9.9% on bank deposits. Based on the Company's preliminary enquiries, the yet to be published legislation would have the effect of imposing a levy on EMED Mining of circa €20,000 if applied to its bank deposits in a Cypriot bank and creates contingent liability for an additional amount of circa €250,000 if it is also applied to a UK bank deposit which the Company administers via the bank's Cyprus branch. We understand that the levy would not apply to the Company's other bank deposits.

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