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share purchase warrants ANVIL MINING ACCELERATES SHARE PURCHASE WARRANTS

Anvil Mining Ltd., in accordance with the terms of its outstanding common share purchase warrants expiring at 4 p.m. (Eastern Time) on Dec. 16, 2007, has elected to accelerate the expiry date of the warrants to 4 p.m. (ET) on June 5, 2006. Each warrant is exercisable to acquire one common share of the company at a price of $6.25 per share. There are currently 2,578,000 warrants outstanding. If all such warrants are exercised, the company will receive proceeds of approximately $16.1-million and will have approximately 55 million shares on issue. Proceeds of the early exercise of the warrants will be used to develop the Mutoshi and the Kinsevere -- Nambulwa projects in the Democratic Republic of Congo, as well as to provide general working capital to the company.

Further to Stockwatch news Nov. 30, 2004, and Dec. 16, 2004, a total of 2.6 million warrants were issued in connection with a brokered private placement of a total of 5.24 million special warrants at a price of $5.25 per special warrant, each convertible into one common share and one-half of one warrant.

Under the terms of the warrants, if the trading price of the company's shares on either the Toronto Stock Exchange or the Australian Stock Exchange exceeds $8.00 for 20 consecutive trading days, the company may accelerate the expiry date of the warrants. As of May 4, 2006, the company's shares have exceeded $8.00 for the requisite 20 consecutive trading days. On May 5, 2006, the company exercised its right and caused to be delivered to each holder of warrants a notice confirming the acceleration of the expiry date of the warrants to 4 p.m. (ET) on June 5, 2006.

All warrants must be exercised on or before 4 p.m. (ET) on June 5, 2006, failing which they will expire.