parys mountain sale negotiations

The signature of a term sheet between Anglesey Mining and Western Metals Limited was announced on 10 April 2008. Since then significant progress has been made in documenting a comprehensive and binding Sale and Purchase Agreement.

Bill Hooley, Anglesey's Chief Executive, commented:
"....We are very encouraged by progress made by Western Metals and by ourselves and our advisors in moving the sale of Parys Mountain forward. We continue to believe that this route offers the best opportunity for the company to realise value from Parys Mountain in an acceptable time frame..."