Anatolia closes US$62.5 million debt facility

    TORONTO, April 1 /CNW/ - Anatolia Minerals Development Limited
("Anatolia" or the "Company") (TSX:ANO) announces that it has closed the
US$62.5 million senior project debt (the "Debt Facility") with Bayerische
Hypo- und Vereinsbank AG, a member of UniCredit Group ("HVB") (see press
release dated January 12, 2009). Proceeds from the Debt Facility will be used
toward development of the Copler Gold Project in Turkey.
    The Debt Facility matures on December 31, 2015 and there is no penalty
for early repayment. Interest is variable based on the U.S. Dollar LIBOR rate
plus 5.875% during construction. The Company may elect to fix the interest
rate through an interest rate swap facilitated by HVB. Drawdown of the Debt
Facility is contingent upon customary conditions precedent. Management
anticipates all conditions precedent should be completed by the end of the
second quarter 2009, clearing the way for drawdown. Among the required
conditions precedent, the Company will be required to provide limited gold
price protection during the initial ramp-up year of production of
approximately 40,000 ounces of gold at an average strike price of
US$750/ounce. The Company has already purchased 4,000 put options at a strike
price of $800/ounce. No forward sales or other forms of fixed delivery
obligations are anticipated under current market conditions.
    Edward Dowling, President and CEO of Anatolia stated, "Along with
internal sources, the HVB debt facility fully funds Anatolia for expected
Copler construction costs and other operating needs during development. Copler
will be a world class gold mine with cash costs expected in the lowest
quartile. Our strategy is to grow to the mid-tier ranks by leveraging the
initial phase at Copler into additional production growth, advance other
internal projects and consider strategic opportunities."
    Cutfield Freeman & Co Limited, London, England, acted as advisors to
Anatolia on the transaction.

    About Anatolia

    Anatolia Minerals, recognized as a leader in exploration and development
in Turkey, is developing its 100%-owned Copler Gold Project. Initial plans are
to produce approximately 1.3 million ounces of gold at a cash cost of about
$260 per ounce. The first gold pour at Copler is expected in early 2010 with
full production of about 175,000 ounces of gold per year anticipated in 2011.
Additional production expansion of the oxide and sulfide gold resource is
expected at Copler by taking advantage of the inherent large resource through
on-going technical activities. In addition, Anatolia holds a significant
pipeline of prospective gold and base metal projects.

    Anatolia currently has 114.7 million common shares issued and
outstanding, 133.5 million fully diluted. Anatolia's common shares are listed
for trading on the Toronto Stock Exchange under the symbol ANO.

    Cautionary Statements

    Certain statements contained in this news release constitute
forward-looking information, future oriented financial information, or
financial outlooks (collectively "forward-looking information") within the
meaning of Canadian securities laws. Forward-looking information may relate to
this news release and other matters identified in Anatolia's public filings,
Anatolia's future outlook and anticipated events or results and, in some
cases, can be identified by terminology such as "may", "will", "could",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"projects", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts and include, but are not
limited in any manner to, those with respect to commodity prices, mineral
resources, mineral reserves, realization of mineral reserves, existence or
realization of mineral resource estimates, the timing and amount of future
production, the timing of construction of the proposed mine and process
facilities, capital and operating expenditures, economic conditions,
availability of sufficient financing, and any and all other timing,
development, operational, financial, economic, legal, regulatory, political
factors that may influence future events or conditions. Such forward-looking
statements are based on a number of material factors and assumptions,
including, but not limited in any manner, those disclosed in any other
Anatolia filings, and include the ultimate determination of mineral reserves,
availability and final receipt of required approvals, titles, licenses and
permits, sufficient working capital to develop and operate the proposed mine,
access to adequate services and supplies, commodity prices, foreign currency
exchange rates, interest rates, access to capital markets and associated cost
of funds, availability of a qualified work force, lack of social opposition to
the mine, and the ultimate ability to mine, process and sell mineral products
on economically favorable terms. While we consider these assumptions to be
reasonable based on information currently available to us, they may prove to
be incorrect. Actual results may vary from such forward-looking information
for a variety of reasons, including but not limited to risks and uncertainties
disclosed in other Anatolia filings at and other unforeseen
events or circumstances. Other than as required by law, Anatolia does not
intend, and undertakes no obligation to update any forward looking information
to reflect, among other things, new information or futures events.

For further information:

For further information: Edward Dowling, President and CEO, or Douglas
Tobler, CFO at (303) 292-1299 or visit

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