Anvil Completes Common Share Offering


    Common shares outstanding 101.3 million

    MONTREAL, May 4 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) (the
"Company") is pleased to announce that it has completed its previously
announced public offering and has issued 30,015,000 Common Shares (including
3,915,000 Common Shares under the over-allotment option) at C$1.15 per share,
for gross proceeds of C$34,517,250. The offering was conducted by a syndicate
of underwriters, co-led by Paradigm Capital Inc. and BMO Capital Markets and
including Raymond James Ltd.
    The Common Shares were offered in Canada by way of a short-form
    The Company plans to use the net proceeds of the offering for entry
premium payments in respect of the Company's Kinsevere copper mine project in
the Democratic Republic of Congo and general corporate purposes.
    This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States or any other
jurisdiction outside of Canada, nor shall there be any sale of the securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The Common Shares offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the "1933 Act"),
or any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements of the 1933 Act and applicable state securities laws.
    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 Concerning Forward-Looking Information:

    This news release contains "forward-looking information" regarding the
intended use of proceeds for the offering described above. The purpose of
forward-looking information is to provide the reader with information about
management's expectations and plans. Readers are cautioned that
forward-looking information involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or
achievements of the Company and/or its subsidiaries to be materially different
from any future results, performance or achievements expressed or implied by
the forward-looking information. Such factors include, among others, those
factors discussed in the section entitled "Risk Factors" in the Company's
annual information form, which is available under the Company's profile on
SEDAR at There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such information.
Accordingly, readers should not place undue reliance on forward looking

    %SEDAR: 00020549E

For further information:

For further information: Craig Munro, Senior Vice President Corporate &
CFO, Tel: +61 (8) 9481 4700, Email: (Perth); Robert La
Vallière, Vice President Corporate Affairs, Tel: (Office) (514) 448-6664,
(Cell) (514) 944-9036, Email: (Montréal); Website:

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Anvil Mining Limited

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