AVM.L Regulatory News (AVM)

Avocet Mining PLC ("Avocet" or "the Company")

Share Dealing by PDMR / Primary Insider

The Company announces that on 27 December 2010, a company controlled by Hans-Arne L'orange (person discharging managerial responsibility) sold 66,667 shares in the Company at a price of NOK 22.29. Following this trade, Hans-Arne L'orange is beneficially interested in 71,494 shares, representing 0.04% of the Company's issued share capital. He also holds 250,000 unapproved share options in the Company.

Contacts:

Jim Wynn, Company Secretary, Avocet Mining PLC, 020 7766 7676

Richard Brown, Ambrian Partners Limited 020 7634 4700