Approval of Shareholders of Minmetals Resources Limited Received Clearing the Way for Completion of Takeover

TSX, ASX: AVM
Common shares outstanding 158 Million

All amounts are expressed in US dollars, unless otherwise stated.

PERTH, AUSTRALIA, Feb. 12, 2012 /CNW Telbec/ - Anvil Mining Limited (TSX, ASX: AVM) ("Anvil" or the "Company").  Reference is made to the offer by MMG Malachite Limited (the "Offeror"), a wholly owned indirect subsidiary of Minmetals Resources Limited ("MMR"), to purchase all of the Common Shares of Anvil on a fully-diluted basis (including those Common Shares that are subject to CHESS Depository Interests) at a purchase price of C$8.00 per share in cash (the "Offer").  As previously announced, the expiry time for the Offer is 8:00 p.m. (Toronto time) on February 16, 2012 (unless the Offer is further extended or withdrawn) and the "CDI Expiry Time", as defined in the Offer and Offer documents, is 7:00 p.m. (Sydney time) on February 14, 2012 (unless the Offer is further extended or withdrawn).

As previously announced, Anvil understands that the acquisition of all of the Common Shares under the Offer will constitute a major transaction of MMR under the Listing Rules of the Hong Kong Stock Exchange and therefore requires the approval of MMR's shareholders.

Anvil has been advised that MMR has received written shareholders' approval from Album Enterprises and Top Create Resources Limited, which are both wholly-owned subsidiaries of China Minmetals Non-Ferrous Metals Company Limited, and together hold more than 50% of the nominal value of securities of MMR giving the right to attend and vote at a general meeting to approve the Offer. As a result, no general meeting of the shareholders of MMR is required to be convened for the approval of the Offer pursuant to the Listing Rules of the Hong Kong Stock Exchange and the MMR Shareholder Approval condition to the Offer has been satisfied.

The Offeror has retained Kingsdale Shareholder Services Inc. ("Kingsdale") as information agent to respond to inquiries from Anvil shareholders regarding the Offer. Kingsdale may be contacted toll-free at 1-866-581-1392 in North America, toll-free at 1-800-187-558 in Australia or collect from outside North America and Australia at [phone].  The Depositary for the Offer is Computershare Investor Services Inc.  Inquiries should be directed to 1-800564-6253 or c[email protected].

This news release is for information purposes only and is not a substitute for the filed Offer and takeover bid circular and Anvil directors' circular. There can be no assurance that the conditions of the Offer will be satisfied, or that the transaction will be completed as proposed, or at all.

Anvil Mining Limited is a copper producer whose shares are traded on the Toronto Stock Exchange (as Common Shares) and the Australian Securities Exchange (as CDIs) under the symbol AVM.

Caution Regarding Forward Looking Statements:

This news release contains "forward-looking statements" and "forward-looking information", based on assumptions and judgments of management regarding future events and results. Such "forward-looking statements" and "forward-looking information may include, but is not limited to, the completion of the Offer. Many of these assumptions are based on factors and events that are not within the control of Anvil and there is no assurance they will prove to be correct. Often, but not always, forward-looking information can be identified by the use of words such as "intends" (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "would", or "will" be taken, occur or be achieved. The purpose of forward-looking information is to provide the reader with information about management's expectations regarding the Offer. 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 Anvil to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. There can be no assurance that the Offer will be completed.  There can be no assurance that forward-looking information will prove to be accurate.  Accordingly, readers should not place undue reliance on forward looking information.

For further information, please contact:

Darryll Castle   
President & CEO   
Tel: [phone] 
Email: [email protected]
(Johannesburg)  

Robert La Vallière 
Vice President Corporate Affairs
Tel: (Office) [phone]
(Cell) [phone]
Email: [email protected] 
(Montréal)

Website: www.anvilmining.com