Montréal, Canada: Anvil Mining Limited announced the following financial and operating results for the Q4 and year end ended December 31st 2010:

Fourth quarter highlights;
1. Net copper sales of USD 15.2 million compared to USD 23.5 million for the Q4 of 2009.

2. Net income from continuing operations of USD 2.3 million compared to USD 10.9 million for the Q4 of 2009.

3. Cash flows from operating activities, before working capital movements of nil compared to positive cash flows of USD 11.5 million for the Q4 of 2009.

4. Average realized copper price of USD 3.55 per pound compared to USD 3.09 per pound for the Q4 of 2009.

5. Quarterly production of 3,817 tonnes of copper compared to 4,970 tonnes of copper in the Q4 of 2009.

Full year 2010 highlights
1. Net copper sales of USD 60.1 million compared to USD 49.2 million for 2009.

2. Net income from continuing operations of USD 20.0 million compared to net loss of USD 17.7 million for 2009.

3. Positive cash flows from continuing operations, before working capital movements, of USD 16.2 million compared to positive cash flows of USD 0.8 million for 2009.

4. Average realized copper price of USD 3.27 per pound compared to USD 2.56 per pound for 2009.

5. Production of 16,538 tonnes of copper, compared to 16,406 tonnes of copper during 2009.

Mr Bill Turner president and CEO of Anvil said that “For 2010, the Kinsevere Stage I Heavy Media Separation copper concentrate plant exceeded its 2010 production target and generated positive cash flows after operating and group expenses of approximately USD 13.2 million, on sales of USD 59.1 million. Construction of the Kinsevere Stage II 60,000 tonnes per year SX-EW plant is progressing on schedule and we look forward to full commissioning in the second quarter of 2011.”