ANVIL MINING LIMITED

Anvil Mining Limited announce that it has completed the first tranche of its previously announced private placement to Trafigura Beheer B.V.. Trafigura’s aggregate equity interest in Anvil is now approximately 19.9%. The gross proceeds received by Anvil from Trafigura for the Units issued in the first tranche were US$31,977,248, leaving a balance of US$68,022,752 to be received upon completion of the second tranche of the private placement. The proceeds of the transaction will be used to recommence construction of the Kinsevere Stage II 60,000 tonnes of copper per year Solvent Extraction - Electrowinning project located in Katanga Province in the Democratic Republic of Congo and for general working capital purposes.