Anatolia Minerals Development Ltd fka ANO.U

[Ed Monton]

Anatolia Receives Copler Study From Rio Tinto

TORONTO, ONTARIO--

Comprehensive Conceptual Study confirms previous resource
estimate, good recoveries and additional potential.

Anatolia Minerals Development Limited (TSX: ANO.U; "Anatolia")
has received from Rio Tinto Mining & Exploration Limited (Rio
Tinto) a Conceptual Study on Anatolia's 100%-owned Copler gold
project in eastern Turkey. The study is based on data compiled
during a 3 1/2-year, $5 million joint Anatolia/Rio Tinto
exploration effort and represents Rio Tinto's first stage
evaluation of a project following exploration. The study makes a
number of recommendations to bring Copler to developable status.
Major aspects of Copler are addressed in the study, and no fatal
flaws have been identified.

As part of the Conceptual Study delivered to Anatolia in January,
2004, Rio Tinto reported an Inferred JORC resource audited by SRK
Consulting (Qualified Person for the purposes of NI 43-101 is Dr.
Alwyn Annels, Principal Mining Geologist). Rio Tinto's resource
estimate was based on 3D wire-frames and block models
incorporating the currently interpreted geological controls on
gold distribution. Notional pit outlines were designed around
these inferred resources. Tonnages were calculated using specific
gravity and bulk density data collected by Rio Tinto from Copler
core samples. The estimates were audited by SRK Consulting
according to the requirements of the JORC code. The audited
Inferred Resource is summarized below:

 
  
 --------------------------------------------------------------------- 
                                                             Contained 
                        Classif-  Cut-off   Million   Grade    Million 
 Zone           Type     ication Grams Au/t  Tonnes Grams Au/t  oz Au 
 --------------------------------------------------------------------- 
 Main Zone      Oxide   Inferred    1.0        4.8     2.3       0.4 
              -------------------------------------------------------- 
              Sulfide   Inferred    1.0       23.5     2.1       1.6 
 --------------------------------------------------------------------- 
 Marble Zone    Oxide   Inferred    1.0        3.0     4.7       0.5 
              -------------------------------------------------------- 
              Sulfide   Inferred    1.0        1.1     1.8       0.1 
 --------------------------------------------------------------------- 
 Manganese      Oxide   Inferred    2.0        5.4     2.7       0.5 
              -------------------------------------------------------- 
 Mine Zone    Sulfide   Inferred    2.0        8.2     3.0       0.8 
 --------------------------------------------------------------------- 
 Combined       Oxide   Inferred      -       13.2     3.0       1.4 
              -------------------------------------------------------- 
              Sulfide   Inferred      -       32.8     2.3       2.5 
 --------------------------------------------------------------------- 
  
 

.....................




Note: The term 'oxide' as explained in the Conceptual Study
refers to readily leachable mineralization and does not
necessarily imply the total oxidation of the rock, although this
is the case in many places.

"We are very pleased that Rio Tinto's inferred resource estimate
tallies so closely with the previously-reported Watts, Griffis &
McOuat (Toronto) estimate; less than +/-10% on a global resource
basis." Said Richard Moores, Anatolia's CEO. "Given the
differences in procedures, constraints and cut-offs, it is
amazing that it is so close. It must also be realized that there
are a sizeable number of well-mineralized holes not included in
either study because they are too far outside the more closely
spaced holes used in the separate estimates. In many holes used,
there are gold-mineralized portions excluded for one reason or
another and many also bottomed in good grade material." This is
underscored by the SRK Consulting statement: "Too many drill
holes appear to have been terminated prematurely and thus
additional drilling is necessary to close wire-frames with more
confidence."

Preliminary metallurgical results reported in the study, reviewed
and confirmed by Resource Development Inc., Lakewood, Colorado,
indicate acceptable recoveries for both the oxide and sulfide
portions of the resource, although further work is recommended
for optimization of process. Recovery from Manganese Mine oxides
averaged 92%, with 80% for both the Marble and Main zones,
although fine grinding raised Marble zone recoveries to the 90%
level. Gold recovery is rapid in the Manganese Mine and Main
zones (6 to 12 hours) with low to moderate reagent consumption.
Marble zone oxides take up to 48 hours to leach and have a
slightly higher reagent use than the other zones.

On average 80% to 83% of sulfide gold in the Main and Manganese
Mine zones reports to a concentrate, from which 92% to 96% of the
gold in concentrate was recovered by bio-leaching and roasting
(per diagnostic leach tests), respectively. This indicates an
overall 72% to 76% recovery of gold in sulfides may be achieved.
An additional 13% of gold from Manganese Mine zone sulfides was
recovered by leaching flotation tailings. Further work is
recommended to confirm and improve results achieved to date. Says
Richard Moores: "While metallurgical results to date are
favourable, indicating high gold recoveries at low to reasonable
cost, we feel additional work could result in improvements
enhancing Copler's viability. We think Copler has the potential
to become one of the most competitive new gold projects in
Europe."

Anatolia has been engaged in minerals exploration in Turkey since
1996. In January, 2004, Anatolia increased its interest in the
4-million ounce Copler project to 100%. Anatolia plans to
fast-track drilling and engineering of the shallow leachable
portion of the Copler resource to reach an early decision on an
open pit gold operation.

In April, 2000, Anatolia and Rio Tinto formed a 4-year strategic
alliance to seek base and precious metal deposits in Turkey. In
November, 2003, the alliance was extended through year-end, 2007.
To date, Rio Tinto has funded nearly US$12 million for JV
exploration ($5 million at Copler). Rio Tinto is currently
earning into three prospects in Turkey, each requiring
expenditures of US$10 million, completion of an order of
magnitude study and payment of US$1.5 million for Rio Tinto to
earn a 66.67% interest. Anatolia continues to add value to
shareholders through this joint venture arrangement.

Anatolia currently has 40.2 million common shares issued and
outstanding, 47.2million fully diluted. For more information:
Richard C. Moores, President, [phone]/9947 (fax), or
George Duggan, Investor Relations, [phone]/249-7024 (fax),
or visit www.anatolia-minerals.com. Anatolia trades on the
Toronto Stock Exchange in US dollars as ANO.U.

This news release may contain forward-looking statements in
respect of various matters including upcoming work programs and
events. The results or events predicted in these forward-looking
statements may differ materially from actual results or events.
Anatolia disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new
information, future events or otherwise. Assays are performed by
OMAC Laboratories, Ireland, with quality control of sampling,
preparation and assaying overseen jointly by Rio Tinto and
Anatolia whose President, Richard C. Moores, is a "qualified
person" for the purposes of applicable Canadian securities
regulations.