Anatolia Minerals Announces Lower Cost Estimates For Copler Gold Project

Prior estimates placed capital costs at approximately US$190 million, with life of mine cash operating costs at about $290 per ounce of gold after start-up. Both estimates are expected to decline within a range of 10-15%.

These downward revisions come as Anatolia has completed engineering and most pre-construction infrastructure. Construction mobilization began earlier this month. Declines are attributable to favorable changes in fuel costs, foreign exchange rates, labor markets, material costs, personnel requirements and construction segment resources.

Edward C. Dowling, President and CEO of Anatolia stated, "Economic conditions have changed substantially since announcing plans in May 2008 to initially develop Copler (Phase 1) as a crush-heap leach operation. We expect capital and operating costs to be favorably affected by these conditions. Additional cost reductions are achievable by renegotiation of contracts and compressing the operating structure to best match the simplified processing method."

Anatolia has outlined a multi-phase approach to developing Copler. This initial phase targets open-pittable near-surface oxide ores, which will be processed through a 15,500 tonne per day crush-heap leach operation. Management estimates Phase 1 will produce 1.3 million ounces of gold over an eight year mine life.

A technical report compliant with Canada's National Instrument 43-101 standard for mineral disclosure is being prepared to disclose Phase 1 mineral reserves and mineral resources and related Phase 1 stand-alone economics. This report will be filed on SEDAR upon incorporation of the revised project economics outlined in this news release. -- www.cnxmarketlink.com