+++++++++++++++++++++++++ Please be advised that Anvil Mining NL ("Anvil"), has made the final drawdown of the USD$500,000 Convertible Note Facility as approved by the shareholders at the General Meeting of the Company on 29 April 2002. The drawdown amount of AUD$296,560 takes the total Convertible Notes on issue to AUD$592,631. The note has a term of eighteen months at an interest rate of LIBOR (London Interbank Offered Rate) plus 2.5% margin. These notes are convertible into Anvil ordinary shares at a price of $0.10 per share with each share issued having an attaching free option excisable at $0.12 each at any time before 23 December 2004. The convertible note must be redeemed or converted as to one third of its face value within each six month period.
The Appendix 3B for these transactions is attached.
