Anvil Mining Limited - Government Review of Dikulushi Mining Convention Conference Call Thursday, February 21 at 8:00 am (Toronto time)



    TSX, ASX: AVM
    Common shares outstanding 71.1 million

    MONTREAL, Feb. 19 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) ("Anvil"
or the "Company") announced today that on February 16 it received a letter
from the Minister of Mines for the Democratic Republic of the Congo ("DRC")
notifying Anvil of the results of the review by the Congolese Government of
the Mining Convention governing the Dikulushi copper-silver mine (the
"Dikulushi Convention"). The Dikulushi Convention is held by Anvil Mining
Congo SARL, a Congolese company in which Anvil holds 90% of the shares. A 10%
equity interest is held in trust for the benefit of the communities
surrounding the Dikulushi Mine.
    The letter from the Minister includes a statement of terms upon which the
Government proposes discussions be based to balance the partnership between
the DRC and Anvil. The position of the Government under their proposed terms
is that the Dikulushi Convention should be cancelled but that the Dikulushi
Mine project may be transferred to the current DRC Mining Code. The Dikulushi
Convention pre-dates the current Mining Code. By its terms, the Mining Code
specifically "grandfathers" all mining conventions that predate the adoption
of the Mining Code and provides that the holders of mining rights described in
a duly signed and approved mining convention are governed by that convention
and not by the Mining Code.
    The Minister further advised that it is the Government's position that
Anvil Mining Congo SARL should pay to the Government of the DRC an amount in
respect of the 10% interest in the Dikulushi Mine held for local communities,
from the date of inception of the Dikulushi Convention. Anvil has also been
requested to submit to the Government a plan for social programs that will
have a visible impact. The 10% interest has been held in trust for the benefit
of the people of the DRC since the inception of the Dikulushi project. Using
earnings allocated for the trust, Anvil has financed, developed and continues
to maintain numerous social and infrastructure projects including, among
others, medical clinics and equipment, schools, fresh water wells, and a water
pipeline to Pweto. In addition Anvil is rebuilding a 192 kilometre road from
Kilwa to connect with the road to Lubumbashi at Kasomeno.
    The letter from the Minister invites Anvil to respond to the Government's
position. Anvil will shortly submit a response to the letter and will seek
discussions with the Minister of Mines.
    Anvil understands that the DRC Ministry of Mines is in the process of
issuing letters regarding its Kinsevere Mine and Kulu copper tailings
operation, but has not yet received them. A further news release will be
issued promptly after receipt of those letters.

    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 the matters referred to in this news
release. 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 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 # 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 notifications Anvil has received and
anticipates receiving, Anvil may be required to enter into discussions or
negotiations with the DRC Government and La Générale des Carrières et des
Mines ("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, 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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