Anvil Mining Limited - Cancellation of Shareholders' Meeting



    
    TSX, ASX: AVM
    Common Shares outstanding 71.2 million
    

    MONTREAL, Sept. 14 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) ("Anvil"
or the "Company") announced today that the previously announced special
meeting of its shareholders called for October 16, 2008 to consider approval
of a private placement of Anvil Common Shares to Catala Global Limited
("Catala") has been cancelled. Due to continued deterioration in market
conditions for resource companies, the private placement will not proceed at
this time. Discussions are ongoing with Catala.
    Anvil has appointed BMO Capital Markets as its financial advisor to
assist it in its consideration of other possible transactions. There can be no
assurance that any other transactions will be undertaken or, if undertaken,
will be completed.

    Anvil Mining Limited is an unhedged copper and silver producer, the
shares of which are listed for trading on the Toronto Stock Exchange (as
Common Shares) and the Australian Securities 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 Mutoshi Stage I copper
tailings operation in the Katanga Province of the Democratic Republic of
Congo.

    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
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.
    As a consequence of the letters Anvil received in February 2008 from the
Minister of Mines of the Democratic Republic of Congo ("DRC"), Anvil expects
to 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.

    %SEDAR: 00020549E




For further information:

For further information: Craig Munro, Senior Vice President Corporate &
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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Anvil Mining Limited

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