copper/cobalt, page-2

re: copper/cobalt- announcement TORONTO – Anvil Mining Limited (TSX and ASX: AVM) is pleased to announce it has entered into a joint venture agreement with Mining Company Katanga s.p.r.l. (MCK) to carry out feasibility study work on the Kinsevere-Nambulwa copper-cobalt deposits in Katanga Province of the Democratic Republic of Congo (DRC), owned by La Générale des Carrières et des Mines (Gécamines), a DRC state-owned mining company. The Kinsevere-Nambulwa properties lie approximately 50 kilometres north of the Provincial capital of Lubumbashi and include two separate Exploitation Permits, Kinsevere and Nambulwa, totaling 19.5 square kilometres surrounded by a much larger area covered by Exploration Permits totaling 819 square kilometres. The two exploitation-permitted areas, approximately 25 kilometres apart, contain four distinct mineralized zones that outcrop at surface. Gécamines calculated in the early 1990s that three mineralized zones within the Kinsevere Exploitation Permit contain approximately 3 million tonnes of mineralized material with an average grade of 5.0-5.5% copper and 0.20-23% cobalt for approximately 180,000 tonnes of contained copper. This estimate was based on 66 diamond and RC (reverse circulation) drill holes completed by Gécamines to a maximum depth of 140 metres for a total of 2,817 metres of drilling. Gaps between the surface expressions of the individual mineralized zones range from 400 metres to 1,000 metres, and Anvil believes those gaps provide excellent exploration potential. Nambulwa, the second Exploitation Permit, also hosts an outcropping zone of mineralization but has had insufficient evaluation work completed to determine a meaningful estimate of mineralized material. However, limited trench sampling and three adits driven into the deposit has returned encouraging grades of up to 5.5% Cu over a mineralized width of up to 20 metres. Although the Company believes the above historical information is relevant in considering the acquisition of an interest in the Kinsevere-Nambulwa Project, it has not done the work necessary to verify its accuracy. Investors are cautioned that the potential quantity and grade of the Kinsevere-Nambulwa Project must be considered to be conceptual in nature, as there has been insufficient exploration to define a mineral resource on the property. Further, it is uncertain if further exploration will result in the discovery of a mineral resource on the Kinsevere-Nambulwa Project. The Company therefore does not consider the information to attain the standards required by National Instrument 43-101 and therefore cautions that investors should not rely on this historical information.