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



    TSX, ASX: AVM
    Common shares outstanding 57.7 million
    All amounts are expressed in US dollars, unless otherwise stated.

    MONTREAL, April 16 /CNW/ - 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.

    %SEDAR: 00020549E




For further information:

For further information: 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) (514) 448-6664,
(Cell) (514) 944-9036, Email: robertl@anvilmining.com (Montréal); Website:
www.anvilmining.com

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