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Not for distribution to US Newswire Services or for dissemination in the United States

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM November 29, 2004 Shares outstanding: 23.6 million

Anvil Mining to Acquire 70% Interest in Kinsevere-Nambulwa Copper-Cobalt Project, DRC

TORONTO – Anvil Mining Limited (TSX and ASX: AVM) is pleased to announce it has entered into a joint venture agreement with Mining Company Katanga s.p.r.l. (MCK) to carry out feasibility study work on the Kinsevere-Nambulwa copper-cobalt deposits in Katanga Province of the Democratic Republic of Congo (DRC), owned by La Générale des Carrières et des Mines (Gécamines), a DRC state-owned mining company.

The Kinsevere-Nambulwa properties lie approximately 50 kilometres north of the Provincial capital of Lubumbashi and include two separate Exploitation Permits, Kinsevere and Nambulwa, totaling 19.5 square kilometres surrounded by a much larger area covered by Exploration Permits totaling 819 square kilometres. The two exploitation-permitted areas, approximately 25 kilometres apart, contain four distinct mineralized zones that outcrop at surface.

Gécamines calculated in the early 1990s that three mineralized zones within the Kinsevere Exploitation Permit contain approximately 3 million tonnes of mineralized material with an average grade of 5.0-5.5% copper and 0.20-23% cobalt for approximately 180,000 tonnes of contained copper. This estimate was based on 66 diamond and RC (reverse circulation) drill holes completed by Gécamines to a maximum depth of 140 metres for a total of 2,817 metres of drilling. Gaps between the surface expressions of the individual mineralized zones range from 400 metres to 1,000 metres, and Anvil believes those gaps provide excellent exploration potential.

Nambulwa, the second Exploitation Permit, also hosts an outcropping zone of mineralization but has had insufficient evaluation work completed to determine a meaningful estimate of mineralized material. However, limited trench sampling and three adits driven into the deposit has returned encouraging grades of up to 5.5% Cu over a mineralized width of up to 20 metres.

Although the Company believes the above historical information is relevant in considering the acquisition of an interest in the Kinsevere-Nambulwa Project, it has not done the work necessary to verify its accuracy. Investors are cautioned that the potential quantity and grade of the Kinsevere-Nambulwa Project must be considered to be conceptual in nature, as there has been insufficient exploration to define a mineral resource on the property. Further, it is uncertain if further exploration will result in the discovery of a mineral resource on the Kinsevere-Nambulwa Project. The Company therefore does not consider the information to attain the standards required by National Instrument 43-101 and therefore cautions that investors should not rely on this historical information.

The Exploration Permits (totaling 819 square kilometres) surrounding the Kinsevere and Nambulwa Exploitation Permits contain nine known copper-cobalt occurrences in Mines Series rocks which are considered highly prospective. An aggressive exploration program will be initiated to determine whether or not these mineral occurrences can be incorporated into an expanded project around the known Kinsevere and Nambulwa mineralization.

MCK holds an option to either acquire or lease from Gécamines, the exploitation and exploration permits that comprise the entire Kinsevere-Nambulwa Project, excluding a 5% interest to be retained by the DRC government. The acquisition or lease rental terms and conditions are defined as the fair market value based on contained copper as determined by the feasibility study work, which Anvil intends to complete within a period of two years. MCK’s acquisition agreement with Gécamines will be transferred to a special purpose joint venture company, in which Anvil will hold a 70% interest. The acquisition or lease of the properties following the successful completion of the feasibility study work will require the approval of the Gécamines’ board and the approval of the DRC Ministry of Mines.

Based on an inspection of MCK’s small scale mining operation currently being conducted within the Kinsevere Exploitation Permit, and considering the highly fractured and oxidized nature of the mineralized material, Anvil believes that while the feasibility study work is in progress, the Company will be able to begin producing a marketable copper concentrate by relocating the Dikulushi Heavy Media Separation (HMS) plant, which, following the commissioning of the Stage II expansion, became surplus to the needs of the Dikulushi Mine. The proceeds from the sale of concentrates produced by the relocated HMS plant would be used to fund the cost of the evaluation and feasibility study work. During this period, Gécamines will receive a fee related to the number of tonnes mined and the total cost of mining. Anvil will fund the exploration and evaluation work until the HMS plant is operating and generating cash flow.

“The participation in the Kinsevere and Nambulwa projects represents an excellent, low-cost opportunity to expand our operational presence in the DRC Copperbelt by making a very modest capital investment in return for a potentially very significant reward,” said Anvil President and CEO Bill Turner. “This decision is consistent with our strategy in the DRC of stepping carefully into quality projects that can quickly generate cash flow, yet provide significant upside potential.”

Anvil’s entry into the Kinsevere-Nambulwa Joint Venture and its recent announcement to acquire a 70% interest in the Mutoshi copper-cobalt Project at Kolwesi will establish an operating presence in two separate regions of the DRC Copperbelt, referred to as Group Central and Group West. Anvil intends to use these initial positions to build a strong operating presence in these two regions of the DRC Copperbelt.

Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange and the Australian Stock Exchange under the symbol AVM. It owns and operates the Dikulushi copper-silver mine in the Katanga Province of the DRC, which was brought into production in October 2002 and recently completed an expansion to increase production by approximately 50% to 20,000 tonnes of copper and 1.6 million ounces of silver per year.

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For additional information, please contact:

Bill Turner President & CEO

Tel: +61-8-9481 4700 or Mobile: +61-41-1188018 Email: billt@anvil.com.au (Perth) Company Web site: www.anvil.com.au

Craig Munro Chief Financial Officer

Tel: +61-8-9481 4700 or Mobile: +61-41-7963206 Email: craigm@anvil.com.au (Perth)

Jim Borland Manager Investor Relation

Tel: 416-368-1446; Mobile: +1-416-272-7387 Email: jimb@anvil.com.au (Toronto)

Additional Notes: Scientific or technical information in this news release has been prepared under the supervision of Bill Turner, President and Chief Executive Officer of the Corporation, a Fellow of the Australasian Institute of Mining and Metallurgy and a qualified person under National Instrument 43-101.

Caution Regarding Forward Looking Statements: Statements regarding the Corporation’s plans with respect to the acquisition of an interest in the Kinsevere-Nambulwa Joint Venture and the Mutoshi Project and the expansion of the Dikulushi Project are forward-looking statements. There can be no assurance that Anvil’s due diligence will be successfully completed, that future required regulatory approvals will be obtained or that the Kinsevere-Nambulwa transaction will be completed. The Corporation has independently verified none of the disclosure concerning historical resource evaluation work for the Kinsevere-Nambulwa prospects and there can be no assurance that any of the numbers are accurate. If the Corporation acquires an interest in the Kinsevere-Nambulwa Joint venture, there can be no assurance that it will be able to confirm the presence of a mineral deposit or that any mineralization will be proven to be economic. Similarly, there can be no assurance as to the exact result of the planned expansion of the Dikulushi operation.

Attach: Kinsevere-Nambulwa Tenement Map.

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Suite 2821, 1 Place Ville Marie, Montreal, Quebec, Canada, H3B 4R4 • Tel: +1 (514) 448-6664, Fax: +1 (514) 448-6665 Level 2, 38 Richardson Street, West Perth, Australia, 6005 • Tel: +61 (8) 9481-4700, Fax: +61 (8) 9481-4800

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM November 30, 2005 Common shares outstanding: 29.1 million All amounts are expressed in US dollars

Anvil Finalizes a 70% Interest in Kinsevere and Nambulwa Copper-Cobalt Projects;

Announces Initial Resource of 348,000 tonnes of Contained Copper

Anvil Mining Limited (TSX, ASX: AVM) is pleased to announce that it has completed an independent technical report and finalised negotiations with the La Générale des Carrières et des Mines (Gécamines) and the Mining Company of Katanga s.p.r.l (MCK) for the purchase of 70% of the mining rights for the Kinsevere and Nambulwa copper-cobalt deposits located 27 km north-north-east of Lubumbashi, the provincial capital of the Katanga Province of the Democratic Republic of Congo (DRC). Deal with Gecamines Finalized An exclusive “Contrat d’Amodiation” (Lease Agreement) has been signed between MCK and Gécamines for a period of 25 years to mine and process ore from the Kinsevere and Nambulwa copper-cobalt deposits, the terms of which are outlined below. In conjunction with the finalization of this Lease Agreement, Anvil and MCK have signed a separate agreement giving Anvil a 70% interest in the Lease Agreement. This interest will in turn be assigned to a local company, AMCK s.p.r.l., a newly incorporated joint venture company between Anvil Mining Limited and MCK, which will be the operating company. Terms of the Lease Agreement Anvil will make a one-off payment of $2.3 million to MCK, part of which is a reimbursement of costs incurred by MCK to date. MCK will pay $1.0 million to Gécamines in three tranches; $800,000 on signing of the Lease Agreement and its approval by the DRC government, $100,000 upon endorsement of the tenements to MCK, and the final $100,000 four months after the commencement of commercial production. The Lease Agreement provides for the AMCK joint venture to make royalty payments to Gécamines on each tonne of commercially viable copper metal extracted from future mining operations on the Kinsevere-Nambulwa deposits. The royalty payment is calculated on both copper and cobalt mined as copper equivalent tonnes (Cueq) and varies from a floor price of $35 per tonne of Cueq at a London Metal Exchange (LME) copper price of $2,200 per tonne (or $1.00/lb Cu) to a ceiling price of US$70 per tonne of Cueq at an LME copper price of $4,000 per tonne (or $1.81/lb Cu). The royalty payments amount to US$0.016 per pound of copper equivalent (Cueq) mined at an LME copper price of US$1.00 per pound to US$0.032 per pound of copper equivalent (Cueq) mined at an LME copper price of US$1.80 per pound.

“The signing of the Kinsevere-Nambulwa Lease Agreement provides Anvil with the opportunity to develop its third high-grade open pit copper mining operation in the DRC,” commented Bill Turner President and CEO of Anvil Mining. “The Lease Agreement, which is provided for under the new DRC Mining Code introduced in 2003, offers our local partners Gécamines, MCK, the population and other stakeholders of the DRC, the opportunity to benefit from the rapid development of these exciting prospects as well as future exploration success in this prospective geological region.” Significant Initial Mineral Resource at Kinsevere The Kinsevere Project comprises three known fragments of mineralised Mines Series rocks, Kinsevere, Tshifufia and Tshifufiamashi located within exploitation permit, PE 528 (5.95km2). These were drilled by Anvil and MCK during 2005 for a total of 5,675 metres of reverse circulation (RC) drilling (84 drill holes) and 2,213 metres of diamond drilling (14 drill holes). The Nambulwa prospect, located 30 kilometres to the north of Kinsevere on PE 539 (16 km2) has yet to be evaluated. The results of the 2005 drilling program, which was supervised by Roger Tyler who is a Qualified Person in accordance with Canadian National Instrument 43-101, formed the basis of a resource estimation of the oxide zone to 100 metres vertical depth. An independent technical report was prepared by Gerry Fahey of Finore Pty Ltd (FinOre Mining Consultants) of Perth, Western Australia who is a Qualified Person in accordance with Canadian National Instrument 43-101, and will be filed within a month on the SEDAR website at www.sedar.com. This work demonstrated that the Kinsevere Project has significant resources as outlined in the Mineral Resource estimate tabulated below, plus significant further potential:

KINSEVERE PROJECT MINERAL RESOURCE

November 2005

Description and Classification Ore (tones)

Grade (% Cu)

Contained metal (tonnes of copper)

Indicated Resource Kinsevere 875,000 2.6 22,800 Tshifufia Central 2,570,000 3.8 97,700 Tshifufiamashi 2,245,000 4.0 90,300 Total Kinsevere Indicated 5,690,000 3.7 210,800 Inferred Resource Kinsevere 347,000 3.1 10,900 Tshifufia Central 1,632,000 5.9 95,600 Tshifufia South 284,000 3.2 9,100 Tshifufiamashi 451,000 4.9 22,100 Total Kinsevere Inferred 2,714,000 5.1 137,600

In addition to drill testing the oxide resources down to 100 metres vertical depth, some drill holes were extended down through the base of oxidation, to test for underlying sulphides. The first diamond drill hole drilled during the 2005 drill evaluation program under the Tshifufia Central deposit encountered an encouraging zone of sulphide mineralization. “The initial drilling results from the Kinsevere Project have exceeded our expectations,” commented Bill Turner. “Drilling has confirmed that mineralization on all three of the deposits is

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very significant and further exploration success is anticipated with the next stage of drilling, planned to commence as early as possible after the wet season in March next year.” Based on the results of the initial drilling program at Kinsevere and the anticipated results from the metallurgical testwork currently underway, the Company expects to be able to propose a development strategy for the Kinsevere Project by the third quarter 2006. On presently available information, the most likely strategy would be a staged development beginning with open pit mining and a concentrating facility that would produce a copper concentrate which would be sold or toll treated through existing metallurgical facilities in Sub-Saharan Africa, with the ultimate objective of establishing an SXEW (solvent extraction-electrowinning) facility that would produce cathode copper within 5 years of the commencement of initial mining operations. Significant mineralized intersections from RC and diamond drilling program carried out during 2005 include:

KINSEVERE PROJECT DRILLING PROGRAM 2005 Intersection (metres) Assay Results

Drill Hole From

To

Intercept (m)

Grade (% Cu)

Grade (% Co)

Kinsevere KVRC-9 0 87 87 3.3 0.02 KVRC-9 (incl) 31 87 56 9.0 0.03 KVRC-13 30 67 37 7.3 0.10 KVRC-17 31 87 56 9.0 0.03 KVDH-4 48 75 27 3.6 0.00 Tshifufia TCRC-3 54 110 56 8.5 0.33 TCRC-24 0 77 77 6.7 0.14 TCRC-31 0 85 85 4.9 0.16 TCDH-1(1) 29 178 149 6.9 0.40 TCDH-1 (2) 178 386 208 3.2 0.14 TCDH-2 38 82 44 7.7 0.50 Tshifufiamashi TFRC-8 0 72 72 6.9 0.05 TFRC-23 0 79 79 5.2 0.16 TFRC-24 0 77 77 7.0 0.25 TFDH-3 0 107 107 5.2 0.20

Drill core and chip samples were dispatched to A.H. Knight Laboratories in Kitwe, Zambia for preparation and the pulps were dispatched to ALS Chemex laboratories in South Africa for copper and silver analyses. Internationally recognized standards, duplicates and blanks were inserted as part of the Company’s internal QA/QC analytical procedures.

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Anvil and MCK will continue their regional exploration programs on the exploration tenements surrounding the Kinsevere and Nambulwa mining leases under a separate agreement with Gécamines with the aim of significantly adding to the resource base of Kinsevere in the near future. Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange and the Australian Stock Exchange under the symbol AVM. For additional information, please contact: Bill Turner President & CEO

Tel: +61 (8) 9481-4700 Email: billt@anvil.com.au (Perth) Company Web site: www.anvil.com.au Craig Munro Vice President Corporate & Finance

Tel: +61 (8) 9481-4700 Email: craigm@anvil.com.au (Perth) Robert La Vallière Vice President Investor Relations

Telephone: Office +1 (514) 448-6664, Cell +1 (514) 944-9036 Email: robertl@anvil.com.au (Montréal) Additional Notes:

The information in this report that relates to in-situ Mineral Resources is based on information compiled by Gerry Fahey, MAusIMM (CP), MAIG, of Finore Pty Ltd. Gerry Fahey is a Member of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity he is undertaking, to qualify as a Competent Person or Qualified Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code) and under the Canadian National Instrument 43-101. Gerry Fahey consents to the inclusion in the report of the matters based on his information in the form and context in which they appear.

Caution Regarding Forward Looking Statements: the forward looking statements made in this press release are based on assumptions and judgments of the management regarding future events and results. Such forward-looking statements include ,but are not limited to, those with respect to estimated resources, approval of the Contrat d’ Amodiation (Lease Agreement) for Kinsevere/Nambulwa by the DRC government, evaluation and future development of the Kinsevere/Nambulwa copper-cobalt deposits, known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others ,the actual prices of copper, results of current exploration, development and mining activities, changes in project parameters and plans, changes in the political environment in the countries in which the Company operates, as well as those factors disclosed in the Company’s filed documents. Furthermore, there can be no assurance that any mineralization at Kinsevere will be proven to be economic.

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Figure 1: Cross Section through Tshifufia Central showing shallow RC drilling used for the resource estimation to 100 metres vertical depth as well as one of the deeper diamond drill holes to test for underlying sulphides.

KINSEVERE PROJECT REVERSE CIRCULATION & DIAMOND DRILLING PROGRAM - 2005

Collar Position Intersection Assay Results

Drill Hole Number

Easting Northing RL Drill

Collar Inclination

From To Length

(metres)

True Width

(metres)

Cu (%)

Co (%)

Kinsevere KVRC-9 563442 8743389 1232 -66 0 87 87 87 3.3 0.02KVRC-13 563369 8743517 1230 -62 30 67 37 37 7.3 0.10KVRC-17 563428 8743365 1226 -62 31 87 56 56 9.0 0.03KVDH-4* 563356 8743512 1229 -60 48 75 27 27 3.6 0.00 Tshifufia TCRC-3 562368 8744237 1211 -60 54 110 56 56 8.5 0.33TCRC-24 562400 8744229 1210 -63 0 77 77 77 6.7 0.14TCRC-31 562395 8744267 1210 -60 0 85 85 85 4.9 0.16TCDH-1 (1)* 562470 8744237 1214 -60 29 178 149 uncertain 6.9 0.40 TCDH-1 (2)* 562470 8744237 1214 -60 178 386 208 uncertain 3.2 0.14 TCDH-2* 562385 8744135 1213 -60 38 82 44 44 7.7 0.50 Tshifufiamashi TFRC-8 562428 8744137 1214 -62 0 72 72 72 6.9 0.05TFRC-23 562410 8744307 1211 -60 0 79 79 79 5.2 0.16TFRC-24 561916 8744872 1202 -60 0 77 77 77 7.0 0.25TFDH-3* 561950 8744876 1201 -60 0 107 107 107 5.2 0.20

* Diamond drill holes TCDH-1, TCDH-2, TFDH-3 & KVDH-4 were not surveyed for azimuth or inclination. All RC holes listed were surveyed.

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Suite 2821, 1 Place Ville Marie, Montréal, Québec, Canada, H3B 4R4 · Tel: +1 (514) 448 6664, Fax: +1 (514) 448 6665

Level 2, 38 Richardson Street, West Perth, Western Australia, 6005 · Tel: +61 (8) 9481 4700, Fax: +61 (8) 9481 4800 ABN: 36 107 912 550 ARBN: 107 912 550

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM July 31, 2006 Common shares outstanding 55.5 million All amounts are expressed in US dollars, unless otherwise stated.

Anvil to Acquire an Additional 10% Interest in the Kinsevere-Nambulwa Copper-Cobalt Joint Venture,

Democratic Republic of Congo

PERTH, WESTERN AUSTRALIA – Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”) is pleased to announce it has entered into an agreement to acquire an additional 10% interest in the mining rights for the Kinsevere-Nambulwa copper-cobalt deposits located 30 km north-north-east of Lubumbashi, the provincial capital of the Katanga Province of the Democratic Republic of the Congo (“DRC”). The additional interest will be acquired from the Mining Company Katanga s.p.r.l. (“MCK”), a private DRC company that is Anvil’s joint venture partner in the Kinsevere-Nambulwa project. Terms of the agreement Under the terms of the agreement, Anvil will pay a total amount of $14 million in cash and common shares for an additional 10% interest in the project, taking its interest in the joint venture from 70% to 80%. The agreement provides for Anvil to make a payment of $2.5 million in cash upon the signing of the agreement, a payment of $7.5 million in cash at closing, and $4 million in common shares of Anvil Mining Limited. An aggregate of 602,410 common shares will be issued on closing at a price of US$6.64 per share (which was calculated based on the average price of the previous 10 days’ trading on the Toronto Stock Exchange (“TSX”) immediately preceding acceptance of the offer). When issued, the common shares will be subject to a four-month hold period in accordance with Canadian securities regulations. Completion of the transaction is subject to entering into a definitive agreement, approval by Anvil Mining’s Board of Directors and receipt of regulatory approvals, including the approval of the TSX. As reported by the Company in November 2005, an exclusive “Contrat d’Amodiation” (Lease Agreement) was signed between MCK and La Générale des Carrières et des Mines (“Gécamines”) for a period of 25 years, to mine and process ore from the Kinsevere and Nambulwa copper-cobalt deposits. The Lease Agreement was signed under the new DRC Mining Code introduced in 2003. The joint venture over the Kinsevere-Nambulwa project is held by a local company in the DRC, AMCK s.p.r.l. (“AMCK”). AMCK is an incorporated joint venture company between Anvil and MCK and is the operating company for the joint venture. Anvil’s interest in AMCK, and therefore Anvil’s interest in the Lease Agreement, will increase from 70% to 80% on closing of this

transaction, expected to occur in the third quarter of 2006. All other terms and conditions of the joint venture with MCK will remain in full force and effect. “The acquisition of this additional interest in Kinsevere reflects our positive outlook for this project and is in line with our strategy for growth in the DRC Copperbelt, long recognized for its high copper and cobalt grades,” commented Bill Turner, President and CEO of Anvil. Last November, the Company announced initial resources on the three Kinsevere deposits (Tshifufia, Tshifufiamashi and Kinsevere Hill). The resource comprised 210,800 tonnes in indicated resource and 137,600 tonnes in inferred resources, of contained copper in the oxide zone alone. The Company is currently carrying out extensive drilling of the Tshifufia Central deposit as a result of the recently announced increase in the thickness of the Third Orebody of this deposit. A final report on the estimate of the oxide resource at the Tshifufia Central deposit is expected to be available at the end of September 2006. In May of this year, the Company announced the commencement of Stage I development at Kinsevere. “We anticipate completion of the Kinsevere Stage I development at an estimated capital expenditure of $35 million, by the end of the first quarter 2007. Significant production should be achieved in the second quarter and the project is expected to ultimately produce approximately 23-25,000 tonnes per annum of “black-copper” ingots grading 85%-95% copper. Kinsevere is the Company’s third mine development in the DRC since 2002 and provides a solid base for substantial growth in that country,” said Bill Turner. Anvil Mining Limited is an unhedged copper and silver producer with two operating mines in the DRC and whose shares are listed for trading on the Toronto Stock Exchange and the Australian Stock Exchange under the symbol AVM. For further information, please contact: Bill Turner President and CEO Tel: +61 (8) 9481 4700 Email: billt@anvilmining.com (Perth) Craig Munro Vice President Corporate & Finance and CFO Tel: +61 (8) 9481 4700 Email: craigm@anvilmining.com (Perth) Robert La Vallière Vice President Investor Relations Tel: (Office) +1 (514) 448 6664, (Cell) +1 (514) 944 9036 Email: robertl@anvilmining.com (Montréal) Website: www.anvilmining.com

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Additional Notes:

Caution Regarding Forward Looking Statements: The forward-looking statements made in this news release are based on assumptions and judgments of management regarding future events and results. Such forward-looking statements, including but not limited to those with respect to the development of the Kinsevere-Nambulwa project deposits and estimated future production involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual market prices of copper, silver and cobalt, the actual results of current exploration, the actual results of future mining, processing and development activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s filed documents.

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Suite 2821, 1 Place Ville Marie, Montréal, Québec, Canada, H3B 4R4 · Tel: +1 (514) 448 6664, Fax: +1 (514) 448 6665

Level 2, 38 Richardson Street, West Perth, Western Australia, 6005 · Tel: +61 (8) 9481 4700, Fax: +61 (8) 9481 4800 ABN: 36 107 912 550 ARBN: 107 912 550

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM September 11, 2006 Common shares outstanding 56.6 million All amounts are expressed in US dollars, unless otherwise stated.

Anvil Finalises the Acquisition of

an Additional 10% in the Kinsevere-Nambulwa Copper-Cobalt Joint Venture, Democratic Republic of Congo

Montréal - Anvil Mining Limited (TSX, ASX: AVM) (“Anvil”) is pleased to announce that it has completed its previously announced acquisition of an additional 10% interest in the mining rights for the Kinsevere-Nambulwa copper-cobalt deposits located 30 km north-north-east of Lubumbashi, the provincial capital of the Katanga Province of the Democratic Republic of the Congo (“DRC”). Anvil has acquired this interest from the Mining Company Katanga s.p.r.l, a private DRC company that is Anvil’s joint venture partner in the Kinsevere-Nambulwa project. The total amount paid by Anvil for this additional interest was $10 million in cash and $4 million in common shares, for a total payment of $14 million. An aggregate of 602,410 common shares of Anvil have been issued at a price of US$6.64 per share (equivalent to C$7.53). Completion of this acquisition takes Anvil’s interest in the joint venture from 70% to 80%. Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange and the Australian Stock Exchange under the symbol AVM. It owns and operates the Dikulushi copper-silver mine and the Kulu copper tailings operation in Katanga Province of the Democratic Republic of the Congo. In addition, the Company is currently developing the Kinsevere project as the Company’s third mine in the DRC. * One common share on the Canadian share register is equivalent to 10 CDIs (CHESS Depositary Instruments) on the Australian share register. For further information, please contact: Bill Turner Robert La Vallière President and CEO Vice President Investor Relations Tel: +61 (8) 9481 4700 Tel: (Office) +1 (514) 448 6664, (Cell) +1 (514) 944 9036 Email: billt@anvilmining.com (Perth) Email: robertl@anvilmining.com (Montréal) Craig Munro Vice President Corporate & Finance and CFO Tel: +61 (8) 9481 4700 Email: craigm@anvilmining.com (Perth) Website: www.anvilmining.com

Suite 2821, 1 Place Ville Marie, Montréal, Québec, Canada, H3B 4R4 · Tel: +1 (514) 448 6664, Fax: +1 (514) 448 6665

Level 2, 38 Richardson Street, West Perth, Western Australia, 6005 · Tel: +61 (8) 9481 4700, Fax: +61 (8) 9481 4800 ABN: 36 107 912 550 ARBN: 107 912 550

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM January 10, 2007 Common shares outstanding 56.7 million* All amounts are expressed in US dollars, unless otherwise stated.

Anvil to Move to 95% Interest in

Kinsevere-Nambulwa Copper-Cobalt Joint Venture Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM) (“Anvil”) is pleased to announce it has entered into an agreement to acquire an additional 15% interest in the mining rights for the Kinsevere-Nambulwa copper-cobalt deposits located 27km north of Lubumbashi, the provincial capital of the Katanga Province of the Democratic Republic of the Congo (“DRC”). The additional interest will be acquired from Mining Company Katanga s.p.r.l. (“MCK”), a private DRC company that is Anvil’s joint venture partner in the Kinsevere-Nambulwa project. Anvil’s interest in the Kinsevere-Nambulwa Joint Venture will increase from 80% to 95% on closing of this transaction. Terms of the agreement Under the terms of the agreement, Anvil will pay a total of $45 million in cash and common shares for this additional 15% interest in the project, taking its interest in the joint venture to 95%. The agreement provides for Anvil to make payments of $10 million in cash upon the signing of the agreement, $26 million in cash at closing, and $9 million in common shares of Anvil Mining Limited. An aggregate of 872,093 common shares will be issued on closing at a price of US$10.32 per share. When issued, the common shares will be subject to a four-month hold period in accordance with Canadian securities regulations. Completion of the transaction is subject to entering into a definitive agreement, approval by Anvil’s Board of Directors and receipt of regulatory approvals, including the approval of the TSX. “This is the second time in less than 6 months that we have acquired a further interest in the Kinsevere-Nambulwa copper-cobalt Joint Venture. This acquisition is consistent with our positive outlook for this project, and our expectation that this will be a large, long-term mining and downstream processing operation,” commented Bill Turner, President and CEO of Anvil Mining. As reported by the Company in November 2005, an exclusive “Contrat d’Amodiation” (Lease Agreement) was signed between MCK and La Générale des Carrières et des Mines (“Gécamines”) for a period of 25 years, to mine and process ore from the Kinsevere and Nambulwa copper-cobalt deposits. The Lease Agreement was signed under the new DRC Mining Code introduced in 2003. The joint venture over the Kinsevere-Nambulwa project is held by a local company in the DRC, AMCK s.p.r.l. (“AMCK”). AMCK is an incorporated joint venture company between Anvil and MCK and is the operating company for the joint venture. Anvil’s interest in AMCK, and therefore Anvil’s interest in the Lease Agreement, will increase from 80% to 95% on closing of this

transaction, expected to occur later in the first quarter of 2007. All other terms and conditions of the joint venture with MCK will remain in full force and effect. Resource Drilling The first Mineral Resource estimate for the Kinsevere Project was announced in November 2005, based on a Phase 1 drilling program of 7,889 metres carried out on Tshifufia, Tshifufiamashi and Kinsevere Hill deposits. The 2006 Phase 2 drilling program, which focussed entirely on the Tshifufia deposit, totalled 17,220 metres and resulted in the discovery of a much thicker copper-mineralized zone at Tshifufia than expected. On January 9, 2007 the Company announced a revised Mineral Resource estimate which included the results of the 2006 Phase 2 drilling program. The Measured and Indicated Mineral Resource estimate at the Tshifufia deposit now stands at 16.9 million tonnes at 4.4% Cu for 752,200 tonnes of contained copper, which represents a 770% increase to the previous Indicated oxide resource base at the Tshifufia deposit alone, and a 450% increase for the Kinsevere Project as a whole. Furthermore, the average grade of the Measured and Indicated oxide resource at the Tshifufia deposit has increased to 4.4% copper, up from 3.8% copper for the Indicated oxide resource from the 2005 drilling. In addition to drill testing the oxide copper resources at the Tshifufia deposit, the underlying sulphide mineralization was also drill tested. An Inferred Mineral Resource of 15.3 million tonnes at 2.9% Cu for 436,700 tonnes of contained copper has been defined from the eight holes drilled into sulphides, to date. Phase 2 drilling on the neighboring Tshifufiamashi and Kinsevere Hill deposits will be undertaken in 2007, along with initial drilling on the Nambulwa deposit (located 30km north of Kinsevere). Staged Mine Development Program In May 2006, following completion of a feasibility study, Anvil committed to a $35 million Stage I development at Kinsevere, which is due for commissioning during the second quarter of 2007. The Stage I development, which comprises a Heavy Media Separation Plant and Electric-Arc Furnace is expected to produce approximately 23,000-25,000 tonnes per annum of “black copper” ingots assaying 90%-95% copper. The Phase 2 drilling results from the Tshifufia deposit have exceeded expectations and, due to the size of the latest Mineral Resource estimate and the significant further potential that now exists, the scale of the planned Stage II SX-EW plant, which is currently the subject of a feasibility study, has doubled from 30,000 to 60,000 tonnes per annum of SX-EW copper. The Stage II feasibility study is expected to be completed during the second quarter of 2007. Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange (as common shares) and the Australian Stock Exchange (as CDIs) under the symbol AVM. It owns and operates the Dikulushi copper-silver mine and the Kulu coarse rejects/tailings operation in Katanga Province of the DRC. In addition, the Company is currently developing the Kinsevere Stage I copper-cobalt project, which will be the Company’s third mine development in the DRC.

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For further information, please contact: Craig Munro Robert La Vallière Vice President Corporate & Finance Vice President Investor Relations Tel: +61 (8) 9481 4700 Tel: (Office) +1 (514) 448 6664, (Cell) +1 (514) 944 9036 Email: craigm@anvilmining.com (Perth) Email: robertl@anvilmining.com (Montréal) Website: www.anvilmining.com * One common share on the Canadian share register is equivalent to 10 CDIs (CHESS Depositary Instruments) on the Australian share register. Additional Note: The information in this news release that relates to in-situ Mineral Resources is based on information compiled by Gerry Fahey of FinOre Pty Ltd. Gerry Fahey is a Chartered Professional and a member of the Australasian Institute of Mining and Metallurgy, and a member of the Australian Institute of Geoscientists, and has sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration, and to the activity he is undertaking, to qualify as a Qualified Person in terms of the Canadian National Instrument 43-101. Gerry Fahey consents to the inclusion of such information in this news release in the form and context in which it appears. Caution Regarding Forward Looking Statements: The forward-looking statements made in this news release are based on assumptions and judgments of management regarding future events and results. Such forward-looking statements, including but not limited to those with respect to current and future developments of the Kinsevere mine and estimated future production levels for Stages I and II, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual market prices of copper and cobalt, the actual results of current exploration, the actual results of future mining, processing, construction and development activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s filed documents.

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News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM April 16, 2007 Common shares outstanding 57.7 million All amounts are expressed in US dollars, unless otherwise stated.

Anvil Finalises the Acquisition of

an Additional 15% in the Kinsevere-Nambulwa Copper-Cobalt Joint Venture, Democratic Republic of Congo

Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or “the Company”) is pleased to announce that it has completed its previously announced acquisition of an additional 15% interest in the mining rights for the Kinsevere-Nambulwa copper-cobalt deposits located 27 km north of Lubumbashi, the provincial capital of the Katanga Province of the Democratic Republic of the Congo (“DRC”). Anvil has acquired this interest for a total payment of $45 million from the Mining Company Katanga s.p.r.l, a private DRC company that is Anvil’s joint venture partner in the Kinsevere-Nambulwa project. Completion of this acquisition takes Anvil’s interest in the joint venture from 80% to 95%. Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange (as common shares) and the Australian Stock Exchange (as CDIs) under the symbol AVM. It owns and operates the Dikulushi copper-silver mine and the Kulu copper tailings operation in the Katanga Province of the DRC. In addition, the Company is currently developing the Kinsevere project as the Company’s third mine in the DRC. For further information, please contact: Craig Munro Robert La Vallière Vice President Corporate & Finance and CFO Vice President Investor Relations Tel: +61 (8) 9481 4700 Tel: (Office) +1 (514) 448 6664, (Cell) +1 (514) 944 9036 Email: craigm@anvilmining.com (Perth) Email: robertl@anvilmining.com (Montréal) Website: www.anvilmining.com

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM February 19, 2008 Common shares outstanding 71.1 million All amounts are expressed in US dollars, unless otherwise stated.

Anvil Mining Limited Government Review of Kinsevere and Kulu Mining Rights

Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM) (“Anvil” or the “Company”) announces that it has now received letters from the Minister of Mines for the Democratic Republic of the Congo (“DRC”) notifying Anvil of the Government’s position as a consequence of the review by the DRC Government of the mining rights which Anvil’s subsidiaries hold in respect of Anvil’s Kinsevere and Kulu mining properties. On February 19, Anvil announced the details of the Government’s position with respect to Anvil’s Dikulushi property. Anvil has majority interests in and operates the Dikulushi copper-silver mine, the Kinsevere copper mine and the Kulu copper tailings operation, all in the Katanga Province of the DRC. The office of the Minister of Mines has also advised Anvil that the deadline for responding to the Government’s position has been extended to February 27, 2008. Anvil will shortly submit a response to the letters received from the Minister of Mines in respect of all three of its properties in the DRC and will seek discussions with the Minister of Mines. Further details of the letters received in respect of Kinsevere and Kulu are set forth below. Kinsevere Mine The mining rights to the Kinsevere project tenement areas are currently held through a 25 year mining lease agreement between La Générale des Carrières et des Mines (“Gécamines”), a Congolese para-statal entity that is the mining title holder, and Mining Company Katanga sprl (“MCK”). MCK is in the process of assigning the lease to AMCK Mining sprl, which is a joint venture company owned as to 95% by Anvil and 5% by MCK. The Minister’s position is that the existing contractual arrangements with Gécamines have financial terms that ought to be renegotiated. The specific requirements stated by the Minister are that:

- the cash bonus paid to Gécamines should be increased to $150 million, - the ceiling on rent paid of a maximum of $70 per tonne of copper equivalent should be

removed and the contract altered to reflect changes in metal prices,

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- the term of the contract with Gécamines (which extends for 25 years) should coincide with the term of the underlying mineral tenures, which have an initial term that expires on 3 April 2009 and which are renewable thereafter for successive periods of fifteen years, and

- AMCK should submit to the Government a plan for social programs that will have a visible impact.

Pursuant to the existing contracts in relation to the Kinsevere Mine, a lease premium of $1 million has been paid by Anvil and there is no provision for additional payments. Rent is payable on a sliding scale that varies with the price of copper and is between $35 and $70 per tonne of copper equivalent, with the maximum rent payable being reached at a copper price of $4,000 per tonne. In addition, a 2% net smelter return royalty is payable to the DRC Government pursuant to the Mining Code. Kulu Mine The Kulu copper tailings operation is an incorporated exploration and mining joint venture between a subsidiary of Anvil, Entreprise Minière de Kolwezi (“EMIKO”), and Gécamines. The mineral rights to the Kulu operation are held under two principal tenements, both of which were originally in the name of Gécamines and were transferred to Société Minière de Kolwezi sprl (“SMK”) in 2005 and 2006. EMIKO holds 80% of the shares of SMK and Gécamines holds the remaining 20%. The Minister’s position is that the interest of Gécamines in SMK is unfairly low, in part due to the absence of a feasibility study, and that the joint venture must therefore be renegotiated. The specific requirements stated by the Minister are that:

- a feasibility study be submitted which identifies the actual contributions of the parties in order to establish a fair balance of shares in SMK as between EMIKO and Gécamines,

- a royalty of at least 2% of gross revenue be provided in favour of Gécamines, - Gécamines must be actively involved in the day to day management of SMK, and - SMK should submit to the Government a plan for social programs that will have a

visible impact. A feasibility study was submitted to Gécamines in 2005. The current agreements with Gécamines provide for a 2% net smelter return royalty to be paid to Gécamines. In addition, a 2% net smelter return royalty is payable to the DRC Government pursuant to the Mining Code. The agreements governing SMK provide that Gécamines has the right to appoint three of the eight members of the management board of SMK and EMIKO has the right to appoint the other five members. The President of the management board is to be chosen from the members appointed by EMIKO and the Vice President of the management board is to be chosen from the members appointed by Gecamines. In addition, the position of General Manager shall be filled by a candidate presented by EMIKO and the position of Assistant General Manger shall be filled by a candidate presented by Gécamines. Conference call A conference call will be held at 8:00 a.m. (EST - North America, Toronto time) on Thursday, February 21, coinciding with 10:00 pm (AWST - Australia, Perth time) on the same day, to discuss

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the matters referred to in this news release and Anvil’s news release of February 19. Details to access the conference call and the live audio webcast are as follows: Conference call:

(Please call approximately five minutes prior to the scheduled start of the call) - Toll-free within North America: 1-866-250-4877 - For local and overseas calling: 1-416-644-3433

Live audio webcast of the conference call (listen mode only): - CNW Group website in English at: http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2174920

Replay Information (available for a period of 7 days):

- The conference call will also be recorded and a playback of the call will be available after the event by dialling 1-877-289-8525 or 1-416-640-1917, Reservation number 21263759 followed by the pound (No.) key

Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange (as Common Shares) and the Australian Stock Exchange (as CDIs) under the symbol AVM. It has majority interests in and operates the Dikulushi copper-silver mine, the Kinsevere copper mine and the Kulu copper tailings operation in the Katanga Province of the DRC. Note: As a consequence of the letters Anvil has received from the DRC Minister of Mines, Anvil may be required to enter into discussions or negotiations with the DRC Government and Gécamines regarding its rights with respect to its properties in the DRC. No assurance can be given as to the outcome of any such discussions or negotiations or that Anvil’s security of tenure and its ability to secure additional financing in the future may not be adversely affected so as to have a material adverse effect on its business, operating results and financial position. For further information, please contact: Craig Munro Robert La Vallière Vice President Corporate & Finance and CFO Vice President Investor Relations Tel: +61 (8) 9481 4700 Tel: (Office) +1 (514) 448 6664, (Cell) +1 (514) 944 9036 Email: craigm@anvilmining.com (Perth) Email: robertl@anvilmining.com (Montréal) Website: www.anvilmining.com

News Release FOR IMMEDIATE RELEASE TSX, ASX: AVM January 21, 2009 Common shares outstanding 71.2 million All amounts are expressed in US dollars, unless otherwise stated.

Anvil Reaches Agreement with Gécamines and the DRC Government

for the Kinsevere and the Dikulushi Properties

Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”), today announced that it had reached agreement with La Générale des Carrières et des Mines (“Gécamines”) and the Government of the Democratic Republic of Congo (“DRC”) on the terms of its Kinsevere “Contrat d’Amodiation” (Lease Agreement) and the Dikulushi Mining Convention. The Company is in possession of an amendment agreement for the Kinsevere Lease Agreement, which has been signed by Anvil and Gécamines. In addition, the Company has been formally notified by Gécamines and the DRC Government that the Dikulushi Mining Convention (the “Convention”) remains unchanged. Bill Turner, President and Chief Executive Officer of Anvil, commented, “We are satisfied with the outcome and believe that the amended agreement for Kinsevere and terms therein provide a solid base from which to further develop this project and to move forward with our partner Gécamines. Importantly, finalization of the agreement enables us to proceed with funding for the Stage II expansion of our flagship project at Kinsevere; a significant, high-grade copper resource with potential to increase in size.” “Paul Fortin, Managing Director of Gécamines commented, “We are pleased to have been able to reach a satisfactory outcome with Anvil with respect to the Mining Review and this should now clear the way for Anvil to proceed with its Stage II development of Kinsevere. Anvil has been one of the pioneers in the DRC Copperbelt and we are keen to see our projects develop to their full potential with the help of this company.” Kinsevere Lease Agreement The Kinsevere mine is located in the Katanga Province in the south-east of the DRC, approximately 30 kilometres north of the provincial capital, Lubumbashi. The mineral rights to Kinsevere are held by Gécamines. AMCK Mining SPRL (“AMCK”), a special purpose joint venture company between Anvil (95%) and Mining Company Katanga SPRL (5%), a local, privately owned Congolese company, have a Lease Agreement with Gécamines to mine and process ore from the Kinsevere mine until 2024 followed by an automatic 15 year extension. The Company’s 95% interest in the Kinsevere Lease Agreement has not been amended.

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The key details of the amended Lease Agreement are set out below in Table 1. Table 1. Key amendments to the Kinsevere Lease Agreement

Term Original Agreement Amended Agreement Rent payments Rent paid to Gécamines on a

sliding scale, from a floor price of $35 per tonne of copper at a LME copper price of $2,200 per tonne (or $1.00/lb copper) to a ceiling price of $70 per tonne of copper

at an LME

copper price of $4,000 per tonne (or $1.80/lb copper) on each tonne of commercially viable copper metal extracted at Kinsevere.

Rent paid to Gécamines based on 2.5% of gross turnover.

Cash payments A “pas de porte” (entry premium) payment of $5 million of which $1 million was paid in December 2005 and $4 million was paid in January 2007.

An additional “pas de porte” (entry premium) payment of $15 million is to be made, of which $10 million is to be paid within six months of the amended agreement coming into effect and the balance within 12 months.1

Advisory committee Nil. An Advisory Committee, comprised of three members from Gécamines and three from AMCK, will be responsible for following the progress of the Kinsevere mine.

AMCK management Nil. Gécamines to have one member in the management of AMCK to fill such position as may be determined by AMCK.

Social development Nil. AMCK will continue the implementation of economic and social development programs for the benefit of the communities surrounding the Kinsevere mine.

Employment Nil AMCK has agreed to provide former Gécamines employees priority opportunities for employment provided they possess equivalent qualifications and capabilities.

Provision of services and materials

Nil. AMCK has agreed to provide Gécamines with a preferential opportunity to supply AMCK with services and materials on commercially competitive terms.

In the event that Anvil arranges financing of $125 million or more, the timing of payments will be revised such that $10 million shall be paid within 14 days of the receipt of funds of such financing and $5 million paid within six months of the date of payment of the $10 million.

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Dikulushi Mining Convention

The Company has concluded discussions with Gécamines and the DRC Government regarding the Convention and the terms and conditions of the Convention have not changed. Under the Convention, which was signed by the DRC Minister of Mines, Minister of Finance and Minister of Plan & National Reconstruction on January 31, 1998, and ratified by Presidential Decree No. 60 on February 27, 1998, Anvil, through its 90% owned subsidiary Anvil Mining Congo SARL is guaranteed sole and exclusive rights for exploitation of the area governed by the Convention, for a minimum period of 20 years from the date of the issue of the tenure. The remaining 10% of the equity in the Dikulushi mine is held in trust by the Company for the economic, social and infrastructure development of the Dikulushi region.

Since commencement of operations in 2004, the Company has invested approximately $18 million in various social programs and infrastructure developments in the Dikulushi region.

While the terms and conditions of the Convention have remained unchanged, Anvil has agreed to revise the trust structure under which the surrounding communities’ interests in the Dikulushi mine are held, in order to provide for more direct involvement of DRC authorities and the local communities, in the implementation of social and economic development programs.

Bill Turner further commented, “Dikulushi was the Company’s first mine in the DRC. Negotiation of the Dikulushi Mining Convention and development of the Dikulushi mine were undertaken during an especially difficult period in the DRC’s history and we are pleased that the DRC Government has upheld the terms and conditions of the Convention.”

Mutoshi Joint Venture Agreement

Discussions with Gécamines to complete an amended Mutoshi Joint Venture Agreement continue to progress, using as a basis, the commercial terms agreed with Gécamines and the DRC Government in October 2008. The Company is confident that a satisfactory agreement can be reached with its joint venture partner Gécamines.

Anvil Mining Limited is an unhedged copper and silver producer whose shares are listed for trading on the Toronto Stock Exchange (as common shares) and the Australian Securities Exchange (as CDIs) under the symbol AVM. For further information, please contact: Craig Munro Robert La Vallière Senior Vice President Corporate & CFO Vice President Corporate Affairs Tel: +61 (8) 9481 4700 Tel: (Office) +1 (514) 448 6664 Email: craigm@anvilmining.com (Perth) (Cell) +1 (514) 944 9036 Email: robertl@anvilmining.com (Montréal) Website: www.anvilmining.com

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Caution Regarding Forward Looking Statements: The forward-looking statements made in this news release are based on management's assumptions and judgments regarding future events and results. Such forward-looking statements, including but not limited to those with respect to the Company’s plans for expansion of the Kinsevere copper mine involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the actual market prices of copper, changes in project parameters as plans continue to be evaluated, and the possibility of cost overruns, as well as those factors disclosed in the Company's filed documents. There can be no assurance that the Stage II expansion of the Kinsevere copper mine will proceed as planned or be successfully completed within expected time limits and budgets or that, when completed, the expanded facility will operate as anticipated. In addition, no assurance can be given as to the outcome of any discussions and negotiations with Gécamines and the DRC Government regarding the Company’s Mutoshi property or that Anvil’s security of tenure and its ability to secure additional financing in the future may not be adversely affected so as to have a material adverse effect on its business, operating results and financial position.

News Release

FOR IMMEDIATE RELEASE TSX, ASX: AVMJanuary 9, 2012 Common shares outstanding 158 MillionAll amounts are expressed in US dollars, unless otherwise stated.

Extension of Offer Period for Takeover Bidand Update on Discussions with DRC Stakeholders

Perth, Australia: Anvil Mining Limited (TSX, ASX: AVM) (“Anvil” or the “Company”).Reference is made to the offer by MMG Malachite Limited (the “Offeror”), a wholly ownedindirect subsidiary of Minmetals Resources Limited (“MMR”), to purchase all of theCommon Shares of Anvil on a fully-diluted basis (including those Common Shares that aresubject to CHESS Depository Interests) at a purchase price of C$8.00 per share in cash (the“Offer”).

The Offeror has now extended the expiry time of the Offer, from 8:00 pm (Toronto time) onJanuary 11, 2012, to 8:00 p.m. (Toronto time) on February 16, 2012, unless the Offer isfurther extended or withdrawn. By virtue of this extension, the “CDI Expiry Time” asdefined in the Offer and Offer documents, has been automatically extended to 7:00 p.m.(Sydney time) on February 14, 2012, unless the Offer is further extended or withdrawn.

Since the initial announcement of the takeover bid on September 29, 2011, Anvil and MMRhave been consulting with various stakeholders in the Democratic Republic of Congo(“DRC”). As announced on October 31, 2011, during consultations with La Générale desCarrières et des Mines Sarl (“Gécamines”), Anvil and MMR were advised that if thetakeover is completed without Gécamines’ prior approval, Anvil’s local DRC subsidiarieswould be in breach of the terms of the lease of the mineral tenure for the Kinsevere Projectand the terms of the joint venture agreement in respect of the Mutoshi Project. There can beno assurance that the parties will reach agreement on the terms of revised commercialarrangements with Gécamines. The approval of MMR would be required in order for Anvilto implement revised arrangements with Gécamines.

The Kinsevere Project is held as to 95% by a wholly-owned Congolese subsidiary of Anvil,which in turn holds a lease from Gécamines of the underlying mineral tenures. Theremaining 5% interest in the Kinsevere Project is held by a private Congolese company,Mining Company Katanga SPRL (“MCK”). During the course of the ongoing discussionswith Gécamines, Anvil and MMR have been advised by MCK that its prior approval of thetakeover bid is required. MCK has also made allegations to the effect that its rights under theshareholders’ agreement governing the Kinsevere Project have not been respected by Anvil.

Anvil’s position is that there is no legal requirement for the approval of either Gécamines’ orMCK under any of its contractual documentation with either entity in connection with the

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proposed change of control and that Anvil has fully complied with its contractual obligations.As previously disclosed, there will be a requirement to give Gécamines a right of pre-emptionin connection with the Mutoshi Project, which MMR and Anvil are fully aware of and intendto comply with. MMR and Anvil have previously agreed that Anvil’s 70% interest in theMutoshi Project has a value of US$52.5 million.

Discussions with each of Gécamines and MCK by Anvil and its advisors and with MMR areongoing. There can be no assurance that the parties will reach agreement on revisedcommercial arrangements with Gécamines or any agreement with MCK relating to itsdemands and allegations, in both cases on terms satisfactory to MMR. Consequently, therecan be no assurance that MMR will consummate the Offer.

The Offeror has retained Kingsdale Shareholder Services Inc. (“Kingsdale”) as informationagent to respond to inquiries from Anvil shareholders regarding the Offer. Kingsdale may becontacted toll-free at 1-866-581-1392 or collect from outside North America at +1-416-867-2272. The Depositary for the Offer is Computershare Investor Services Inc. Inquiries shouldbe directed to 1-800564-6253 or corporateactions@computershare.com.

This news release is for information purposes only and is not a substitute for the filed Offerand takeover bid circular and Anvil directors’ circular. There can be no assurance that theconditions of the Offer will be satisfied, or that the transaction will be completed as proposed,or at all.

Anvil Mining Limited is a copper producer whose shares are traded on the Toronto StockExchange (as Common Shares) and the Australian Securities Exchange (as CDIs) under thesymbol AVM.

For further information, please contact:

Darryll Castle Robert La VallièrePresident & CEO Vice President Corporate AffairsTel: +27 (11) 750 6876 Tel: (Office) +1 (514) 448 6664,

(Cell) +1 (514) 944 9036Email: darryllc@anvilmining.com Email: robertl@anvilmining.com

(Johannesburg) (Montréal)

Website: www.anvilmining.com

Caution Regarding Forward Looking Statements:

This news release contains “forward-looking statements” and “forward-looking information”, based on assumptionsand judgments of management regarding future events and results. Such “forward-looking statements” and “forward-looking information which may include, but is not limited to, the completion of the Offer (as defined). Many of theseassumptions are based on factors and events that are not within the control of Anvil and there is no assurance theywill prove to be correct. Often, but not always, forward-looking information can be identified by the use of words suchas “intends” (including negative variations) of such words and phrases, or state that certain actions, events or results“may”, “would”, or “will” be taken, occur or be achieved. The purpose of forward-looking information is to providethe reader with information about management's expectations regarding the Offer. Readers are cautioned thatforward-looking information involves known and unknown risks, uncertainties and other factors which may cause theactual results, performance or achievements of Anvil to be materially different from any future results, performanceor achievements expressed or implied by the forward-looking information. There can be no assurance that the Offerwill be completed. There can be no assurance that forward-looking information will prove to be accurate.Accordingly, readers should not place undue reliance on forward looking information.