AZERBAIJAN INTERNATIONAL MINING OPERATING COMPANY MAY SUE RUSSIAN COMPANY

Azeri Press Agency, Azerbaijan
Aug 8 2007

"Azerbaijan International Mining Operating Company will appeal to
the government of Russia and international organizations if this
country’s mining companies commence exploration or drilling in the
gold fields in Azerbaijan’s territory occupied by Armenia," the
company’s president Reza Vaziri told APA-Economics.

"We are attentively following what is going on in the occupied lands.

In case of any event, we will react to it," he added.

India’s Vedanta Group of Company has reportedly agreed to sell he
Ararat Gold Recovery Company to London-based Russian businessman
Sergey Generalov’s GeoProMining Company.

Ararat Gold Recovery Company is illegally tapping gold in Zod gold
field of Azerbaijan in the occupied territory.

Reza Vaziri said in accordance with the international law, no company
can work on gold fields in the occupied land of Azerbaijan.

"We will sue whichever company comes to this territory. I think,
no company would like to be involved in the process which goes to
the court," he added.

Anglo Asian Mining Plc (49%) and Azerbaijan (51%) signed a 30 year
Production Sharing Agreement (PSA) to develop previously identified
copper and gold properties in Azerbaijan that lie on the Tethyan
Mineralization Belt which runs between Turkey and Pakistan.

The six fields reflected in the agreement include one field in
Nakhchivan, one in gandja, one in gedebey, 3 in the occupied lands
(Zod Field in Kelbedjer, Kizilbulag in Aghdara, and Vajnali in
Zangilan).