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Press release from Marketwire

Result of GM and Rio Tinto Project Update

Wednesday, December 19, 2012

Result of GM and Rio Tinto Project Update06:39 EST Wednesday, December 19, 2012NICOSIA, CYPRUS--(Marketwire - December 19, 2012) -TSXV:IEAAIM: EMEDTSX: EMD 19th December 2012 EMED Mining Public Limited("EMED Mining" or the "Company") Results of General Meeting ("GM" or the "Meeting") and Update of Progress at Rio Tinto Copper ProjectFurther to its announcements on the 14th and 28th of November 2012relating to a proposed aggregate funding package of USD50 million withRK Mine Finance (Master) Fund II LP ("Red Kite"), EMED Mining, theEurope-based minerals development and exploration company is pleased toannounce that all resolutions proposed at the General Meeting heldtoday in at 10.00 am (CET) were duly passed by the members.The passing of the resolutions satisfies the penultimate materialoutstanding condition to the subscription by Red Kite (the"Subscription")of the second tranche of 13,829,787 new ordinary sharesof 0.25 pence each in the Company ("Ordinary Shares") at a price of14.8 pence per share. The final condition to closing of the secondtranche of the Subscription is admission of such new Ordinary Shares totrading on AIM ("Admission"). Application has been made to the LondonStock Exchange for Admission which is expected to become effective on21 December 2012.Following Admission, EMED Mining will have 1,177,165,948 OrdinaryShares in issue and Red Kite will have a holding representingapproximately 5.4% thereof.During the Meeting, the Managing Director and CEO of EMED Mining, MrHarry Anagnostaras-Adams, also presented an update to shareholders onthe status of the Company's Rio Tinto Copper Project (the "Project").A power-point presentation is available on the Company's website and awebinar will be conducted for shareholders wishing to submit questionsto the Managing Director at 4.00 pm (3.00pm GMT and 10.00am EST).Click on, or paste the following link into your web browser, to viewthe full announcement:http://www.rns-pdf.londonstockexchange.com/rns/8895T_1-2012-12-19.pdf This information is provided by RNS The company news service from the London Stock ExchangeENDFOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: RNSCustomerServices0044-207797-4400rns@londonstockexchange.comhttp://www.rns.com