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El Valle-Boinas/Carles Gold, Silver and Copper Royalty Flow to Commence - Anglo Pacific Group

Anglo Pacific Group PLC (‘Anglo Pacific’) (LSE: APF) (TSX: APY) is pleased to announce that the first royalties from Orvana Minerals Corp’s El Valle-Boinas gold-copper mine in Northern Spain are expected to commence in the quarter ended June 30, 2011. Orvana Minerals Corp announced on Friday June 3, 2011 that its wholly owned subsidiary Kinbauri Espana SLU had started the commissioning of its El Valle-Boinas/Carles (EVBC) gold-copper mine on May 31, 2011, with the first shipment expected in June. Anglo Pacific holds a 2.5% net smelter royalty, increasing to 3% where the gold price exceeds US$1,100 per ounce, on the El Valle-Boinas and Carles mines. The royalty was acquired on March 10, 2008 for C$7.5million. For a full copy of this release please click here.