Shearwater Regulatory News (SWG)

8 May 2008 13:01

Aurum Mining PLC08 May 2008 For immediate release 8 May 2008 AURUM MINING PLC ("Aurum" or "the Company") Andash Project Update Aurum Mining plc (AIM: AUR) makes the following update to the market followingthe suspension in the Company's shares announced on 4 March 2008.The civil case, in which the Company's wholly owned subsidiaries Andash MiningCompany and Kaldora Company Limited are named as co-defendants, will now beheard in the Bishkek Inter-District Court in the Republic of Kyrgyzstan on 14May 2008. The Board of Aurum is continuing with its efforts to resolve this matter andwill continue to defend all claims vigorously. Nevertheless, given the on-goinguncertainty, the Board of Aurum has taken the decision to hold back on allfurther investment into the Andash project until the current situation isresolved. The Company balance sheet remains strong with cash balances ofapproximately £21m as at the end of April 2008. As a direct result of the civil case, the initial production of gold and copperfrom the Andash Zone 1 mine will be delayed. A further announcement will be made in due course. For further information: Aurum Mining plc Tel: 020 7478 9050Mark Jones, Chief ExecutiveChris Eadie, Chief Financial Officer Arbuthnot Securities Tel: 020 7012 2000John Prior Buchanan Communications Tel: 020 7466 5000Mark CourtRebecca Skye Dietrich This information is provided by RNS The company news service from the London Stock Exchange