Anvil Mining Announces the Following Updates:



    
    - Kinsevere Mineral Resource at Year-End 2008
    - Development of the Kinsevere Copper Project
    - 2008 Year-end Financial Results Conference call details

    TSX, ASX: AVM
    Common shares outstanding 71.2 million
    All amounts are expressed in US dollars, unless otherwise stated.
    

    MONTREAL, Feb. 19 /CNW Telbec/ - Anvil Mining Limited (TSX, ASX: AVM),
("Anvil" or the "Company") is pleased to announce that AMCK Mining SPRL
("AMCK"), a Joint Venture company formed by Anvil (95%) and Mining Company of
Katanga SPRL (5%) (a local, privately owned Congolese company), has completed
an updated Mineral Resource estimate for the Kinsevere Copper Project located
approximately 30 km north of Lubumbashi, the provincial capital of the Katanga
Province of the Democratic Republic of Congo ("DRC"). AMCK has an exclusive
"Contrat d'Amodiation" (Lease Agreement) with La Générale des Carrières et des
Mines ("Gécamines"), the title holder of the mineral rights.
    Following completion of a 41,000 metre drilling program in 2008, a large
proportion of which was in-fill drilling, the estimated Measured and Indicated
Mineral Resources in the combined oxide and sulphide portions of the Kinsevere
deposits (Tshifufia, Tshifufiamashi and Kinsevere Hill) at Year-End 2008 total
29.8 million tonnes at 3.8% copper, representing 1.12 million tonnes of
contained copper metal. The Inferred Mineral Resource totalled 14.1 million
tonnes at 3.6% Cu, representing an additional 507,000 tonnes of contained
copper metal.

    Kinsevere Mineral Resource Estimate

    Comparisons with the Year-End 2007 estimate reflect an overall reduction
in the oxide Mineral Resource but an increase in the sulphide Mineral
Resources. Tonnage increases associated with extensional drilling were offset
by mining depletion, together with changes in modelled density and to a lesser
extent, grade. Material mined and now in stockpile for the Stage II Solvent
Extraction-Electrowinning ("SX-EW") development amount to 2.7 million tonnes
at 2.72% Cu (excluding stockpiles from the Heavy Media Separation ("HMS")
plant. At this time, preliminary pit optimizations and economic analysis have
shown the potential for an extension of the open pit to provide for access to
the sulphide resource, a significant portion of the sulphide resource to be
mined by open pit methods.
    Based on the current drill spacing, the Tshifufia and Tshifufiamashi
deposits remain open for incremental addition to the sulphide Mineral Resource
between 320 to 400 metres and 170 to 260 metres from surface, respectively.
The updated Mineral Resource estimate is presented in Table 1 below.

    A location map and two cross-sections can be viewed on Anvil's website at
http://www.anvilmining.com/go/investor-relations/news-releases.

    
         Table 1: Kinsevere Copper Project Mineral Resource Estimate(1):
    Tshifufia, Tshifufiamashi and Kinsevere Hill Deposits as at Year-End 2008

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
       Kinsevere Oxide Measured and Indicated Mineral Resource estimate
    -------------------------------------------------------------------------
                                           TCu      ASCu        Cu      ASCu
    Category                 MTonnes         %         %   kTonnes   kTonnes
    -------------------------------------------------------------------------
    Indicated                   16.4      3.59      2.80     588.4     458.9
    -------------------------------------------------------------------------
    Measured                     9.6      4.14      3.54     397.3     339.5
    -------------------------------------------------------------------------
    Measured & Indicated        26.0      3.79      3.07     985.7     798.4
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
     Kinsevere Sulphide Measured and Indicated Mineral Resource estimate
    -------------------------------------------------------------------------
                                                               TCu        Cu
    Category                                     MTonnes         %   kTonnes
    -------------------------------------------------------------------------
    Indicated                                        3.7      3.73     137.9
    -------------------------------------------------------------------------
    Measured                                        0.06      2.16       1.3
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Measured & Indicated                            3.76      3.70     139.2
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
       Total Kinsevere Measured and Indicated Mineral Resource estimate
    -------------------------------------------------------------------------
                                                               TCu        Cu
    Category                                     MTonnes         %   kTonnes
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Measured and Indicated (Oxide
     and Sulphide)                                 29.76      3.78   1,124.8
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
             Kinsevere Oxide Inferred Mineral Resource estimate
    -------------------------------------------------------------------------
                                           TCu      ASCu        Cu      ASCu
    Category                 MTonnes         %         %   kTonnes   kTonnes
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Inferred                    1.54      3.85      2.81      59.3      43.3
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
            Kinsevere Sulphide Inferred Mineral Resource estimate
    -------------------------------------------------------------------------
                                                               TCu        Cu
    Category                                     MTonnes         %   kTonnes
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Inferred                                        12.6      3.54     447.8
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
             Total Kinsevere Inferred Mineral Resource estimate
    -------------------------------------------------------------------------
                                                               TCu        Cu
    Category                                     MTonnes         %   kTonnes
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Inferred (Oxide and Sulphide)                   14.1      3.59     507.1
    -------------------------------------------------------------------------
    1. A cut-off grade of 0.7% Cu has been used in all categories of the
       Mineral Resource estimate.
    

    The Year-End 2008 Mineral Resource estimate has been defined from oxide
orebodies (to 110 metres depth) and sulphide orebodies (up to 430 metres
depth). The revised estimate reflects interpretation of grade control data and
pit mapping and associated refinements to interpreted ore to waste contacts.
Although more than 25,500 assays have been included to date from the 2008
drilling program, the assay results from the remaining 8,000 samples are yet
to be received. There will be a further updated Mineral Resource estimate, as
well as a Mineral Reserve estimate, issued later in the first quarter of 2009.
Details of drilling carried out at Kinsevere during 2007 and 2008 are shown in
Table 2.

    
             Table 2: Kinsevere Copper Project Drilling Database
    -------------------------------------------------------------------------
                          2007                2008                TOTAL
    -------------------------------------------------------------------------
                    Metres    Number    Metres    Number    Metres    Number
                            of Holes            of Holes            of Holes
    -------------------------------------------------------------------------
    Air-Core Drill   7,937       171       661        15     8,598       186
    -------------------------------------------------------------------------
    Reverse
     Circulation
     Drill          22,060       261    12,652        91    34,712       352
    -------------------------------------------------------------------------
    Diamond Drill   10,427        13    13,552        44    23,979        57
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Total           40,424       445    26,865       150    67,289       595
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    Mineral Resource estimates have been classified and reported using the
guidelines of the Australasian Code for Reporting of Exploration results,
Mineral Resources and Ore Reserves (the JORC Code, 2004). These guidelines are
consistent with those of the Canadian Institute of Mining, Metallurgy and
Petroleum, 2000.
    The Tshifufia and Tshifufiamashi Mineral Resource estimates have been
prepared by Mr. David Gray (Anvil's Group Resource Geologist), who is a member
of the South African Council for Natural Scientific Professions (SACNASP), a
recognised overseas professional organisation (ROPO), the Kinsevere Hill
estimate has been prepared by Mr Chris Allen, CSA Global Pty Ltd ("CSA"),
(formerly FinOre Pty Ltd of Perth), who is a member of the Australian
Institute of Geoscientists (MAIG). All of the estimation work was supervised
by Mr Gerry Fahey MAIG, MAusIMM (CP) of CSA who is the Qualified Person for
reporting under the requirements of NI 43-101 and consents to the inclusion in
the report of the matters based on his information in the form and context in
which it appears. The Mineral Resource grades have been reported as both Total
Copper ("TCu") and as Acid Soluble Copper ("ASCu").

    Kinsevere Stage II Update

    On November 13, 2008 the Company announced that it had placed the
remaining engineering design, fabrication, construction works and remaining
procurement for the Kinsevere Stage II SX-EW development on hold until
adequate funding has been secured. As at February 17, 2009, approximately $180
million of the budgeted cost of $380 million had been spent or committed.

    
    Status of Project Development

    The current status of the Kinsevere Stage II development is as follows:

      - Engineering design work is almost 80% complete;
      - Civils construction is approximately 90% complete;
      - Concrete works are 70% complete;
      - Construction of key infrastructure including camps, roads, offices,
        power and water facilities is 90% complete;
      - Construction of stainless steel tankage units is 30% complete;
      - Earthworks for the process and event ponds is 40% complete;
      - Construction of the Tailings Storage Facility ("TSF") is 65%
        complete; and
      - Procurement of major capital items is 80% complete, including the
        ball mill, crusher, apron feeder, tailings dam liner and half of the
        electrowinning cells, all of which are on site. The cathode stripping
        machine, pin bed clarifiers, transformers and rectiformers and half
        of the cathode plates and anodes are ready for transit to site.
    

    All completed construction works, including erected tankage units and the
electrowinning cells have been checked, braced and made safe as required and
all contractor staff have been demobilised from site. Anvil has retained
appropriate staff to supervise off loading of capital equipment and secure
storage of such equipment as it continues to arrive at site.

    Recommencement of Kinsevere Stage II

    The Company is well positioned to readily recommence development of Stage
II when funding is available. Key tasks include completion of engineering
design and procurement of remaining capital equipment. The remaining
engineering design work, relating mainly to electrical, piping and
instrumentation is expected to take two to three months to complete. The
delivery of outstanding capital equipment is expected to be completed within
six months of recommencement. The Company anticipates that award of the
contract(s) for completion of Stage II would take two to three months to
finalize.
    The Company is reviewing suitable arrangements under which works could be
recommenced as quickly as possible after the Company obtains the necessary
funding. With facilities, access roads and offices complete or near complete,
no issues in respect of logistics and accommodation requirements for
construction crews are expected.
    The Company estimates that the timeframe for completion of construction,
dry commissioning, and hydraulic testing for readiness to receive ore is
approximately nine months from award of contract.

    Environmental Approvals

    The Kinsevere Environmental Impact Assessment ("EIA") was approved in the
fourth quarter of 2008 by the DRC Government Directorate for the Protection of
the Mining Environment ("DPEM"). This approval included a variance to the
design and operation of the Stage II TSF, comprising milling-in-raffinate and
the requirement for secure storage of non-neutralised tailings. These design
changes will result in significant reductions in consumption of water, lime
and acid, with resulting operating cost improvements.
    In addition to the requirements of the DRC Government, a revised
Environmental and Social Impact Assessment is in preparation, in order to
align the Company's environmental management of Kinsevere Stage II with the
Equator Principles and with the environmental, health and safety guidelines of
the International Finance Corporation.

    Kinsevere Stage I: Electric-Arc Furnace Update

    The Company continues to experience difficulties with the operation of
the Electric-Arc Furnace ("EAF") facility at its Kinsevere Stage I
development. The first EAF was commissioned in August 2008 and while a blister
copper product from the EAF has consistently met quality expectations, grading
between 92% and 94% copper, the EAF has operated below its design capacity of
1,000 tonnes of blister copper per month, with production of only 659 tonnes
of blister copper for the fourth quarter of 2008 and 820 tonnes for the full
year 2008.
    In order to address the technical and operating problems with the EAF,
the Company has engaged an experienced metallurgist from Australia whose
initial analysis has identified a need to rebuild the furnace hearth. The
rebuild of the furnace hearth and other related refurbishment work commenced
during February 2009 and is estimated to cost approximately $250,000. The
Company anticipates that completion of the refurbishment works will allow for
production from the first of the EAFs of approximately 450 tonnes of blister
copper per month, with production expected to recommence in late March 2009.

    2008 Consolidated Production

    The 2008 consolidated production from the Kinsevere, Dikulushi and
Mutoshi mines was 40,929 tonnes of copper and 1,055,588 million ounces of
silver. Fourth quarter production was 7,063 tonnes of copper and 134,247
ounces of silver. Table 3 sets out production for the full year 2008 and for
the fourth quarter of 2008.

    
            Table 3: Full year and fourth quarter production 2008
    -------------------------------------------------------------------------
                                                    Full-Year         Fourth
                                                         2008   Quarter 2008
    -------------------------------------------------------------------------
    Kinsevere(1)
    Copper produced in concentrate
     (tonnes)                                          22,858          4,457
    -------------------------------------------------------------------------
    Dikulushi(2)
    Copper produced in concentrate
     (tonnes)                                          10,625          1,320
    Silver produced in concentrate
     (ounces)                                       1,095,802        174,463
    -------------------------------------------------------------------------
    Mutoshi HMS Stage I(3)
    Copper produced
     in concentrate (tonnes)                            7,446          1,286
    -------------------------------------------------------------------------
    Total Copper Production (tonnes)                   40,929          7,063
    -------------------------------------------------------------------------
    Total Silver Production (ounces)                1,055,588        134,247
    -------------------------------------------------------------------------
    1. A portion of the copper concentrates was fed to the EAF to produce
       blister copper, grading 92-94% Cu. The copper contained in blisters is
       included in the above Kinsevere production.
    2. Dikulushi was placed on care and maintenance in December 2008.
    3. The HMS plant at Mutoshi ceased processing operations during the
       fourth quarter of 2008.
    

    Funding for Kinsevere Stage II

    The Company requires additional funding in order to complete the
Kinsevere Stage II development and continues to pursue a number of financing
options including a debt finance package from a consortium of European banks.
The Company has appointed advisors to assist in negotiations with the
consortium and to work with other financiers that have expressed an interest
in providing the Company with the required finance. The Company is hopeful
that funding will be in place during the second quarter of 2009.

    Provision for Impairment

    In light of the global economic slowdown and deterioration in financial
market conditions which contributed to sharp declines in copper prices during
the fourth quarter of 2008, the Company implemented and continues to implement
a strategy for the next twelve to fifteen months. The key elements of the
strategy were announced during the fourth quarter and relate mainly to
maintaining a minimum cash balance over this period as required for the
Group's operations; curtailing all but essential capital spending and cutting
general and administrative costs to the minimum necessary to support
operations.
    During the fourth quarter of 2008 the Company placed the Dikulushi mine
on care and maintenance, suspended operations at Mutoshi and placed on hold
the construction and fabrication works of Stage II at Kinsevere.
    The Company is reviewing the carrying value of all of its operations,
development projects and investments and expects that significant provisions
for impairment will be included in the 2008 year-end financial statements.
Following further discussions with the Company's Auditor
PricewaterhouseCoopers and review by the Audit Committee, the Company expects
to release more detailed information on the provision for impairment expected
to be included in its 2008 financial statements in the coming weeks.

    Year-End Results Conference Call

    The Company will release its financial results for the fourth quarter and
year ended December 31, 2008 prior to TSX opening market on Tuesday March 17,
2009 and a conference call will be held at 8:30 a.m. (EST - North American
time) on the same day, coinciding with 9:30 p.m. (AWST - Australia, Perth
time) on Tuesday March 17, 2009 to discuss these results.

    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: 1-800-732-6179
    - For local and overseas calling: 1-416-644-3418

    Live audio webcast of the conference call (listen mode only):

    - CNW Group website at:
    http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2552880
    http://www.cnw.ca/fr/webcast/viewEvent.cgi?eventID=2552880

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

    - The conference call will 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 21298101 followed by the pound (No.) key.
    

    Anvil Mining Limited is an unhedged copper 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.

    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 the refurbishing and recommissioning of the first of the Kinsevere
EAFs and the subsequent 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 capital
and operating cost overruns, as well as those factors disclosed in the
Company's filed documents. There can be no assurance that the recommissioning
of the Kinsevere EAF 1 at Kinsevere will proceed as planned or be successfully
completed within expected time limits and budgets or will operate as
anticipated or that funding to provide for the recommencement of construction
of Kinsevere Stage II will be available.
    %SEDAR: 00020549E




For further information:

For further information: Craig Munro, Senior Vice President Corporate &
CFO, +61 (8) 9481 4700, craigm@anvilmining.com (Perth); Robert La Vallière,
Vice President Corporate Affairs, (Office) +1 (514) 448 6664, (Cell) +1 (514)
944 9036, robertl@anvilmining.com (Montréal); www.anvilmining.com

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