First Royalty Payment Received From El Valle-Boinás/Carlés Gold Mine - Anglo Pacific Group

Anglo Pacific Group PLC (“Anglo Pacific”) is pleased to announce the receipt of its first royalty payment from the El Valle-Boinás/Carlés Mine (“EVBC”) in Northern Spain operated by Orvana Minerals Corp (“Orvana”). Gold production is targeted to be approximately 5,000 ounces per month for Orvana’s fiscal year ending September 30, 2012 (Orvana Press Release, November 10, 2011). EVBC has a life-of-mine plan for the annual production of 105,000 ounces of gold and 8.6 million pounds of copper (Orvana Third Quarter Results, August 15, 2011). Anglo Pacific holds a 2.5% NSR on EVBC that increases to 3% for each quarter in which the gold spot price averages or exceeds US$1,100 per ounce. For a full copy of this release please click here.