Anvil Mining Limited ("Anvil" or "the Company") is pleased to...

Anvil Mining Limited ("Anvil" or "the Company") is pleased to announce that it has entered into a financing agreement, on a bought deal basis, with an underwriting syndicate co-led by Paradigm Capital Inc. and BMO Capital Markets, to issue 10,769,230 common shares at a price of C$16.25 per share for total gross proceeds of approximately C$175 million.

Anvil has also granted to the underwriters an over-allotment option to purchase up to an additional 1,615,385 common shares at the offering price for additional gross proceeds of up to approximately C$26.25 million.
This option is exercisable until that date which is 30 days following the closing of the offering. The common shares will be offered in Canada by way of short-form prospectus. The offering is expected to close on or around June 7, 2007 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.


Anvil Mining Ltd CEO William S Turner was issued 527,493 options via the stock option plan as approved by shareholders on May 10, 2007. He indirectly holds 824,661 shares and 797,493 options.