Anvil Provides Update on Private Placement

    Common shares outstanding 102 million

    PERTH, Australia, Aug. 24 /CNW Telbec/ - Anvil Mining Limited (TSX, ASX:
AVM), ("Anvil" or the "Company"), announced today that it continues to await
approval from the Toronto Stock Exchange ("TSX") to complete the first tranche
of its private placement with Trafigura Beheer B.V. ("Trafigura"). See Anvil's
news release of August 10, 2009 for further details of the proposed
transaction with Trafigura.
    The TSX is continuing its process of obtaining information required to
approve the investment and has advised Anvil that it intends to complete its
review of the proposed placement as soon as possible.
    The shares of Anvil Mining Limited are listed for trading on the Toronto
Stock Exchange (as Common Shares) and the Australian Securities Exchange (as
CDIs) under the symbol AVM. For further information on Anvil, please refer to
the Anvil website at

    Caution Regarding Forward Looking Statements: This news release contains
"forward-looking statements" and "forward-looking information", which may
include, but are not limited to, statements and information with respect to
completion of the first tranche of a private placement with Trafigura, which
is part of a larger proposed transaction with Trafigura, receipt of TSX
approval of the first tranche and the anticipated timing of receipt of such
approval. Such forward-looking statements and forward-looking information are
based on assumptions and judgments of management regarding future events and
results, including that required approvals for completion of the first tranche
of the private placement with Trafigura will be obtained and that all other
conditions to completion will be satisfied or waived. Many of these
assumptions are based on factors and events that are not within the control of
Anvil or Trafigura and there is no assurance that they will prove to be
correct. Forward-looking statements and forward-looking information are
subject to known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Anvil and/or its
subsidiaries to be materially different from any future results, performance
or achievements expressed or implied by the forward-looking statements and
information. Such factors include, among others, the actual market price of
copper, changes in project parameters as plans continue to be evaluated, and
the possibility of cost overruns, as well as those factors disclosed in the
Company's filed documents. There can be no assurance that TSX approval of
completion of the first tranche of the private placement to Trafigura will be
received within the expected time limits or at all or that the transactions
proposed with Trafigura will be successfully completed within expected time
limits or at all.
    %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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