~$100m usd issue underwritten @ $6.50 cdn

http://www.newswire.ca/en/releases/archive/February2006/21/c4709.html

Anvil Announces CDN$123.5 million Bought Deal Financing
/THIS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED
STATES WIRE SERVICES/

All amounts are expressed in Canadian dollars

TSX, ASX: AVM
Common shares outstanding: 29.3 million

PERTH, Australia, Feb. 21 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) is
pleased to announce that it has entered into a financing agreement, on a
bought deal basis, with an underwriting syndicate led by Paradigm Capital
Inc., to issue 19,000,000 common shares of Anvil at a price of CDN$6.50 per
share for total gross proceeds of CDN$123.5 million.
The common shares will be offered in Canada by way of a short-form
prospectus. The offering is expected to close on March 21, 2006 and is subject
to all normal regulatory approvals, including the approval of the Toronto
Stock Exchange and the Australian Stock Exchange.
The net proceeds of the offering will be used primarily for development
of Anvil's mining projects in the Democratic Republic of Congo, working
capital and for general corporate purposes.