Gedabek Assay Results

Anglo Asian Mining PLC
02 June 2006


2 June 2006

                             ANGLO ASIAN MINING PLC
                        ('Anglo Asian' or 'the Company')

                         ENCOURAGING RESULTS AT GEDABEK


Anglo Asian Mining PLC (AIM: AAZ) is pleased to announce that drilling at its
Gedabek copper/gold prospect in Azerbaijan is progressing well and on plan.

To date 19 diamond drill holes and 12 reverse circulation holes (RC) have been
drilled on an 80 metre grid.  The holes completed and available assays indicate
the presence of significant copper and gold mineralisation at Gedabek. Assay
results received to date are summarised in the table attached. A gold equivalent
cut-off grade of 0.50 grams per tonne (g/t) was used to define the intervals.
Gold equivalent conversion is based on a ratio of 1g/t gold to 60 g/t silver and
1% copper to 2.3g/t gold.

The Company plans to complete further infill and boundary drilling to supplement
the current 80 metre spacing. The current evaluation programme includes a
further 22 drill-holes, making a total of 53 holes, and is expected to be
complete by the end of August 2006. Completion of this drill programme and
receipt of the assay data will allow Anglo Asian and their consultants SRK
Consulting to develop a resource estimate for Gedabek.

The Directors will continue to monitor the drilling results. When sufficient
data becomes available to make a reliable assessment of the resource, a further
announcement will be made.

Ms. L Mach of SRK Consulting has reviewed and approved the information contained
in this press release for the purposes of Part Two of the 'Guidance Note for
Mining, Oil and Gas Companies' dated March 2006 issued by the London Stock
Exchange. Ms. Mach is a Certified Professional Geologist (American Institute of
Professional Geologists) and is considered a Qualified Person within the meaning
of NI 43-101 and JORC. SRK Consulting is an international minerals consultancy
group, independent of Anglo Asian.


Ends-



For further details, please contact:

Anglo Asian Mining PLC      Graham Mascall, Chairman            [phone]
                            Charles Hancock, Chief Executive    [phone]
                            Richard Round, Finance Director     [phone]

Numis Securities Limited    John Harrison                       [phone]

Parkgreen Communications    Victoria Thomas                     [phone]



Notes:

1.  All holes are drilled vertically and reported intervals are drill-hole
lengths; true widths of mineralization intercepts have not yet been calculated.

2.  The diamond drill cores are predominately HQ-sized (63.5mm diameter), with
some holes reduced to NQ (47.6mm diameter). The RC holes GDRC01a to GDRC07a are
115mm in diameter.

3.  The core is split on-site and one half is shipped to OMAC Laboratories Ltd
in Loughrea, Ireland.  RC chips are reduced to a nominal 2 kilogram sample
on-site and also sent to OMAC.  Gold is analysed by fire assay (30 gram) with
atomic absorption finish.  Copper and silver are analysed with a 46 element ICP
procedure.  A laboratory quality assurance/quality control programme is in place
with blanks and duplicate samples inserted into the sample stream.  External
check assays will be done at ALS Chemex in Vancouver, British Columbia, Canada.



Table of Assay Results from Gedabek Drilling Programme

Hole No.     Type      TD (m)     From (m)   To (m)  Interval   Au Eq (g/t)  Au (g/t)  Ag (g/t)  Cu (%)
                                                       (m)                               
_______________________________________________________________________________________________________
GDDD01       Core      110.2       32.0       95.0     63.0       5.33       4.49      25.07      0.19
with                               34.0       51.0     17.0                 17.34
with                               61.0       86.0     25.0                                       0.28
_______________________________________________________________________________________________________
GDDD02       Core      125.0        0.0        7.0      7.0       0.60       0.15       1.51      0.19
and                                32.0       52.0     20.0       0.66       0.04       0.47      0.27
_______________________________________________________________________________________________________
GDDD03       Core      140.0        0.0       22.0     22.0       1.95       1.04       6.50      0.35
with                                0.0        6.0      6.0                  3.36
and                                30.0       34.0      4.0       1.19       0.51      15.21      0.19
and                                58.0       70.0     12.0       0.77       0.08       1.26      0.29
and                                80.0      118.0     38.0       0.92       0.04       0.45      0.38
_______________________________________________________________________________________________________
GDDD04       Core      100.0        6.0       44.0     38.0       3.61       2.20      11.47      0.53
and                                54.0       66.0     12.0       2.58       2.03       5.82      0.20
_______________________________________________________________________________________________________
GDDD05       Core      165.0       38.0       52.0     14.0       1.25       0.45      12.92      0.26
and                                56.0       76.0     20.0       1.15       0.60       3.16      0.22
_______________________________________________________________________________________________________
GDDD06       Core      200.0        0.0       10.0     10.0       1.17       0.65       8.63      0.16
and                                14.0       24.0     10.0       1.67       1.35       2.40      0.12
and                                70.0       76.0      6.0       0.75       0.22       0.47      0.23
_______________________________________________________________________________________________________
GDDD07       Core      175.0       36.0       81.0     45.0       3.06       2.25      19.54      0.21
_______________________________________________________________________________________________________
GDDD08       Core      225.0       98.0      118.0     20.0       4.00       2.27      21.02      0.60
_______________________________________________________________________________________________________
GDDD09       Core      191.0       14.0       70.0     56.0       1.42       0.67       5.67      0.28
_______________________________________________________________________________________________________
GDDD10       Core      180.0        0.0       43.4     43.4       3.26       2.31      27.08      0.22
and                                43.4       44.4      1.0 Void
and                                44.4       74.0     29.6       1.29       0.64       6.40      0.24
and                                94.0      100.0      6.0       0.63       0.04       0.25      0.25
and                               104.0      114.0     10.0       2.03       1.86       3.98      0.05
_______________________________________________________________________________________________________
GDDD11       Core      253.0      120.0      142.0     22.0       3.20       1.39      16.21      0.67
_______________________________________________________________________________________________________
GDDD12       Core      220.0       42.0       50.0      8.0      11.11       9.30      64.43      0.32
and                                50.0       54.8      4.8 Void
and                                54.8       83.0     28.2       2.89       1.02       7.28      0.76
and                                93.0      109.0     16.0       1.02       0.81       1.87      0.08
and                               117.0      125.0      8.0       1.27       1.16       2.81      0.03
_______________________________________________________________________________________________________
GDDD13       Core      244.0       44.0       56.0     12.0       2.65       1.03       8.92      0.64
and                                64.0      106.0     42.0       0.95       0.54       4.07      0.15
with                               64.0       68.0      4.0                  2.24      18.15
_______________________________________________________________________________________________________
GDRC01a      RC        125.0        2.0       48.0     46.0       3.50       2.24      10.35      0.47
with                               14.0       31.0     17.0                  5.02      19.89
with                               22.0       33.0     11.0                                       1.22
and                                57.0       76.0     19.0       3.73       3.53       2.45      0.07
with                               73.0       75.0      2.0                 29.76       7.92
and                                84.0       91.0      7.0       1.97       1.67       4.87      0.09
and                                94.0      123.0     29.0       3.03       2.37       7.62      0.23
_______________________________________________________________________________________________________
GDRC02a      RC        103.0       12.0       78.0     66.0       1.70       0.92      11.21      0.26
with                               53.0       60.0      7.0                                       1.31
_______________________________________________________________________________________________________
GDRC03       RC        148.0       23.0       60.0     37.0       4.51       3.67      35.58      0.11
with                               25.0       39.0     14.0                  8.10      73.01
and                                64.0       97.0     33.0       1.07       0.12       0.86      0.41
_______________________________________________________________________________________________________
GDRC04a      RC         88.0       78.0       84.0      6.0       1.39       0.16       6.50      0.49
_______________________________________________________________________________________________________
GDRC05       RC        147.0       18.0       51.0     33.0       4.74       3.20      27.89      0.47
with                               21.0       31.0     10.0                  8.85      74.16
and                                54.0       59.0      5.0       2.95       0.12       1.55      1.22
_______________________________________________________________________________________________________
GDRC06       RC         66.0       20.0       47.0     27.0       9.69       6.70      72.06      0.78
and                                52.0       61.0      9.0       2.89       2.05      33.28      0.12
_______________________________________________________________________________________________________
GDRC07a      RC         72.0       26.0       40.0     14.0       1.74       1.69       1.22      0.02
and                                43.0       62.0     19.0       3.62       2.69      22.30      0.24
_______________________________________________________________________________________________________



                      This information is provided by RNS
            The company news service from the London Stock Exchange