Notice of Discovery

Anglo Asian Mining PLC 05 March 2007 5 March 2007 ANGLO ASIAN MINING PLC ('Anglo Asian' or 'the Company') AAZ Submits Notice of Discovery Anglo Asian Mining PLC (AIM:AAZ) the gold and copper development company with projects in Azerbaijan, is pleased to announce they submitted a 'Notice of Discovery and its Commerciality' for the Gedabek property to the Azerbaijan Ministry of Ecology and Natural Resources ('MENR') on 26 February 2007. This submission follows the successful completion of the scoping study on Gedabek as announced on 15 February 2007. Under the terms of the Product Sharing Agreement ('PSA'), the submission of the Notice of Discovery will initiate the 15 year Development and Production Period, with the potential for two five year extensions. The information provided within the Notice of Discovery was drawn from the results of the recently completed scoping study. The Gedabek project will now move to feasibility which is expected to be completed in the second quarter of 2007 with construction targeted to begin in the summer. Commenting on the Notice of Discovery, Chief Executive Gordon Lewis stated, 'This submission marks a significant milestone for Anglo Asian as we now move forward to feasibility at Gedabek. We continue to investigate the potential contained within our other Azerbaijan properties and look forward to reporting those to the market.' -Ends- 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 7776 1590 Parkgreen Communications Victoria Thomas +44 20 7851 7480 This information is provided by RNS The company news service from the London Stock Exchange