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EMED Mining Public Limited: Quarterly Financial Report

NICOSIA, CYPRUS -- (Marketwired) -- 05/14/14 -- EMED Mining Public Limited (TSX: EMD) (AIM: EMED)

EMED Mining Public Limited
("EMED Mining" or the "Company")

Quarterly Financial Report

EMED Mining Public Limited (AIM: EMED, TSX: EMD) ("EMED Mining" or "the Company"), the Europe-based minerals development and exploration company, announces its unaudited results for the three months ended 31 March 2014.

The full unaudited Quarterly Report (as required by Toronto Stock Exchange reporting standards), including the condensed interim consolidated Financial Statements and the Management Discussion and Analysis relating to the Company are available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.emed-mining.com.

Period Highlights

  • On 28 March 2014, the Company received the Unified Environmental Authorisation (AAU) in relation to the Rio Tinto Copper Project.
  • Mr Isaac Querub was appointed as Managing Director and CEO of EMED Mining and Vice President of EMED Tartessus.

Post Period Highlights

  • Mr Alberto Lavandeira was appointed as CEO of EMED Tartessus and COO and Executive Director of EMED Mining with effect from 14 April 2014.
  • The transfer of the Mining Rights (AS) for the Rio Tinto Copper Project announced on 11 April 2014, - as such, EMED Tartessus now has the primary permits to move forward with the Project.

Mr. Isaac Querub, EMED Mining CEO said:
"This has been a transformational period for the Company. The fact that EMED Mining now has AAU and AS approval means that we can focus on developing onsite operations and progress towards the reopening of the historic Rio Tinto Copper project. Since Alberto Lavandeira and I joined EMED in March this year we have undertaken a thorough review of the Company and believe that the outlook is solid and bright. Significant value remains to be unlocked at the Rio Tinto project and we are all focused on executing in a timely and efficient manner for the benefit of all stakeholders.

"The team here has worked exceptionally hard and we look forward to working closely with the Junta de Andalucía as we focus on triggering site works and moving towards production, as well as growing the already sizeable reserve base".

Enquiries
Investors/Media: Isaac Querub +34 959 59 28 50
In North America: Andreas Curkovic +1 416-577-9927

For further information on the Company's activities, visit www.emed-mining.com

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