Shearwater Regulatory News (SWG)

29 May 2007 13:48

Aurum Mining PLC29 May 2007 For immediate release 29 May 2007 AURUM MINING PLC ("Aurum" or "the Company") Andash Mine Update Aurum Mining plc (AIM: AUR), the gold-mining company focussed on the FormerSoviet Union, notes the recent press speculation and announces that theGovernment of Kyrgyzstan has not suspended mining operations at the Andash goldand copper deposit. In line with its original plan, the Company continues to work with localinterested parties to meet regional and international social and environmentalstandards. All of the commitments made in the Company's feasibility study, whichhas been ratified by Kyrgyzstan authorities, are intended to be fully met. Any concerns of the local community are being fully addressed by the Company.Whilst this may slow some non-critical elements of the plan, the Company has noreason to believe that the overall timing of its operational plan will beimpacted. Mark Jones, Aurum Mining's Chief Executive, said: "Aurum, through its localsubsidiary Andash Mining Company, has worked diligently and thoroughlythroughout the entire process, complying with all regulations of the KyrgyzstanGovernment. Personal meetings with senior government officials have confirmedthe Company's continuing good standing with the Kyrgyzstan Government." For further information: Aurum Mining plc Tel: 020 7478 9050 Mark Jones, Chief Executive Officer Chris Eadie, Chief Financial Officer Arbuthnot Securities Tel: 020 7012 2000 Graham Swindells John Toll Buchanan Communications Tel: 020 7466 5000 Mark Court / Rebecca Skye Dietrich Notes to editors Aurum Mining, which joined the AIM market of the London Stock Exchange in May2004, is a mining company focussed on gold opportunities in the Former SovietUnion. Its principal asset is an exploration licence over the Andash gold andcopper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 wasawarded by the Kyrgyz authorities in 2006. The bankable feasibility studycompiled by Wardell Armstrong International, also in 2006, confirmed a measuredand indicated resource base of 19.2 million tonnes at 1.1 grams per tonne ofgold and 0.4% copper, which equates to 1.1 million ozs of gold and goldequivalent. Initial production at Andash Zone 1 is expected in 2008. The Andashproject also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka andthree other additional exploration areas. This information is provided by RNS The company news service from the London Stock Exchange