Sale of CIL Plant

Anglo Asian Mining PLC 23 October 2007 ANGLO ASIAN MINING PLC ('Anglo Asian' or 'the Company') Sale of Carbon in Leach (CIL) Plant Anglo Asian Mining PLC (AIM:AAZ) announces that Eureka Mining PLC (a subsidiary of Celtic Resources PLC) has contracted to buy the company's CIL plant for a consideration of US$7.5 million ($7.0m after fees). A non-refundable deposit of 10% will be deposited with Anglo Asian this week and the transaction is expected to be completed by the first week in November. The $7.0m will form another important part of the funding arrangements for the Gedabek project. For further details, please contact: Anglo Asian Mining PLC Gordon Lewis, Chief Executive +994 12 499 3350 Richard Round, Finance Director +44 1525 211 988 Numis Securities Limited John Harrison +44 20 7260 1000 Parkgreen Communications Justine Howarth +44 20 7851 7480 Bex Sanders-Hewett Notes to editors The Company completed the Feasibility Study on Gedabek in June, which showed the development of the property to be economically viable. The study identifies a mining reserve of 7.7 million tonnes of ore at grades of 1.80 grams per tonne ('g/t') gold, 15.9 g/t silver and 0.29% copper. Gold, silver and copper production over the mine life has been conservatively estimated to be 311,154 oz of gold, 1,959,109 oz of silver and 17,424,960 lbs of copper respectively. Under the JORC code the mining reserve is in the 'probable' mineral reserve category. Additional ore is expected to be found from the inferred ore within the current pit boundaries, extensions of the mineralisation already identified outside the pit and from old mine stockpiles produced from previous underground mining of the Gedabek deposit. This information is provided by RNS The company news service from the London Stock Exchange