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Avarone Metals Inc.

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MMG Malachite Limited commences compulsory acquisition of Anvil common shares not tendered to the Offer

Common shares outstanding 165 Million

PERTH, Australia, Feb. 22, 2012 /CNW Telbec/ - Anvil Mining Limited (TSX: AVM) (ASX: AVM) ("Anvil" or the "Company").  On 19 October 2011, MMG Malachite Limited (the "Offeror"), a wholly owned subsidiary of Minmetals Resources Limited, made an offer (as amended and supplemented by the notice of extension dated 24 November 2011, the notice of variation and extension dated 9 December 2011 and the notice of extension dated 11 January 2012) (the "Offer") to purchase all of the issued and outstanding common shares of Anvil Mining Limited (the "Common Shares"), including those Common Shares that are represented by CHESS Depository Interests ("CDIs") other than Common Shares owned by the Offeror or any of its affiliates.

The Offer was accepted by Anvil shareholders who held, in aggregate, approximately 98% of the outstanding Common Shares.

The Offeror is therefore entitled under Canadian law to compulsorily acquire outstanding Common Shares not tendered to the Offer held by those persons who did not accept the Offer, including those Common Shares represented by CDIs.

Attached is a letter sent by the Offeror to holders of CDIs advising them of the compulsory acquisition.

PDF with caption: "Letter to CDI Holders - Compulsory Acquisition". PDF available at: http://stream1.newswire.ca/media/2012/02/22/20120222_C6614_DOC_EN_10340.pdf

Media enquiries: 

Sally Cox       
Minmetals Resources Limited
Group Manager - Communications
T  +61 3 9288 0850
M +61 417 144 524
E sally.cox@mmg.com

Investor queries:

Colette Campbell 
Minmetals Resources Limited
MMR Group Manager - Investor Relations
T  +61 3 9288 9165
M +61 422 963 652
E  colette.campbell@mmg.com

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