Agreement on Credit Facility

Anglo Asian Mining PLC
24 September 2007



24 September 2007



                             ANGLO ASIAN MINING PLC

                        ('Anglo Asian' or 'the Company')



                          AGREEMENT ON CREDIT FACILITY



Anglo Asian Mining PLC (AIM: AAZ) the gold and copper development company with
projects in Azerbaijan is pleased to announce that the International Bank of
Azerbaijan ('IBA') has agreed to establish an unsecured US$5 million credit
facility for the Company's operational subsidiary .


Funds provided under this credit facility will be available on 1 October 2007
and they are being provided to assist in the development of the Company's
Gedabek copper and gold project in Western Azerbaijan.  The credit facility is
repayable after three years and carries an interest rate of up to 15%.


The IBA has also confirmed that it is willing to entertain providing further
loans to advance the development of Gedabek.


A full update on the Company's progress on all matters will be provided on
Friday 28 September along with the interim results




-Ends-


For further details, please contact:


Anglo Asian Mining PLC       Gordon Lewis, Chief Executive      [phone]
                             Richard Round, Finance Director    [phone]


Numis Securities Limited     John Harrison                      [phone]


Parkgreen Communications     Justine Howarth                    [phone]








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