Anvil Mining Completes Bought Deal Financing

On March 21, 2006, Anvil Mining Limited, a copper and silver mining company listed on the Toronto and Australian stock exchanges, completed a bought deal financing of 23 million common shares at C$6.50 per share, for gross proceeds of C$149,500,000. The proceeds from the financing are to be used for development of Anvil's Dikilushi and Kulu projects in the Democratic Republic of Congo, and for general corporate purposes.

The syndicate of underwriters was led by Paradigm Capital Inc. and included Haywood Securities Inc. and GMP Securities L.P.

Anvil was represented by Lawson Lundell LLP with a team that included Gordon Chambers, John Christian and Jane Murdoch. Cassels Brock & Blackwell LLP acted for the syndicate of underwriters with a team that included David Poynton, Tom Koutoulakis and Brad Chapman.