Anvil transaction approved by shareholders

19 December 2009 - Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”) is pleased to announce that at the special meeting of shareholders held on December 11, 2009, the Anvil shareholders approved the US$200 million debt and equity financing transaction with Trafigura Beheer B.V. (“Trafigura”) which was originally announced on August 10, 2009. As part of the resolution passed at the meeting, Anvil’s shareholders approved the second tranche of a US$100 million private placement to Trafigura, a loan agreement among Anvil, certain of its subsidiaries and Trafigura providing for a US$100 million total commitment by Trafigura, and certain additional agreements among Anvil, certain of its subsidiaries and Trafigura.

51,089,570 shares, representing 43.44% of the total number of issued and outstanding Anvilcommon shares were represented in person or by proxy at the meeting, and votes on the transaction resolution were cast by a show of hands. Of the 50,913,085 votes cast by proxy, representing 43.29% of the total number of issued and outstanding Anvil common shares, 50,841,385 (99.86%) votes were in favour and 71,700 (0.14%) votes were against. In accordance with the requirements of the TSX, 15,644,293 shares issued to Trafigura in the first tranche of the equity financing were excluded from voting.

Anvil anticipates that the second tranche of the US$100 million equity financing approved by the Anvil shareholders will close on December 15, 2009 and that the additional agreements, consisting of a Loan Agreement, an Offtake Agreement for copper produced at Kinsevere, an Ancillary Rights Agreement providing Trafigura with certain ongoing rights and a Technical Services Agreement relating to the development of Kinsevere Stage II, will also come into effect at that time.

In addition to the equity financing, on December 15, 2009 Trafigura will make available to the Company a loan facility with a total commitment of US$100 million, which will be available for drawdown only after funds from the equity financing have been utilised.

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

Further Information

Trafigura press office:

Tel: +44 207 009 1708 or media@trafigura.com