Notice of Discovery

Anglo Asian Mining PLC
05 March 2007


                                       


5 March 2007



                             ANGLO ASIAN MINING PLC

                        ('Anglo Asian' or 'the Company')


                        AAZ Submits Notice of Discovery


Anglo Asian Mining PLC (AIM:AAZ) the gold and copper development company with
projects in Azerbaijan, is pleased to announce they submitted a 'Notice of
Discovery and its Commerciality' for the Gedabek property to the Azerbaijan
Ministry of Ecology and Natural Resources ('MENR') on 26 February 2007. This
submission follows the successful completion of the scoping study on Gedabek as
announced on 15 February 2007.


Under the terms of the Product Sharing Agreement ('PSA'), the submission of the
Notice of Discovery will initiate the 15 year Development and Production Period,
with the potential for two five year extensions. The information provided within
the Notice of Discovery was drawn from the results of the recently completed
scoping study. The Gedabek project will now move to feasibility which is
expected to be completed in the second quarter of 2007 with construction
targeted to begin in the summer.


Commenting on the Notice of Discovery, Chief Executive Gordon Lewis stated,
'This submission marks a significant milestone for Anglo Asian as we now move
forward to feasibility at Gedabek. We continue to investigate the potential
contained within our other Azerbaijan properties and look forward to reporting
those to the market.'


-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

Victoria Thomas [phone]



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