Shearwater Regulatory News (SWG)

24 October 2016

AURUM MINING PLC

("Aurum" or the "Company")

Directorate Change

Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, is pleased to announce the appointment of Stephen Robert Ball as Non-executive Director with immediate effect.

Mr Ball, aged 63, has over 35 years' experience of working in senior roles in the Technology, Defence, Information Security and Communications industries. Mr Ball was appointed Chief Executive of Lockheed Martin UK in March 2009 until his retirement in 2016. Before that he was Managing Director of the company's operations in Ampthill, Bedfordshire. Before joining Lockheed Martin, Stephen spent 21 years with HM Government Communications Centre (HMGCC), latterly as Chief Executive, working on specialist development and the manufacture of security and communications equipment. He started out his career as an engineering apprentice.

David Williams, Chairman, commented: "I am extremely happy that we are able to welcome Stephen onto our board. His breadth of experience in both the public and private sector will be invaluable as we move forward. His appointment completes the board changes that I had planned and means that we now have some of the most senior people in this country in the Digital and Cybersecurity services industry to assist with the transformation of our company.

"To date our company has maintained its focus on the mining sector. We recently commissioned a report on our gold exploration prospects in northern Spain, which showed some very encouraging prospects. I invited Chris Eadie to re-join our board and he, along with Sean Finlay, will spearhead our continued interest in that sector.

"In my Chairman's statement in our Annual Report I commented that it was hard to see substantial upside from the junior mining sector given the current climate and that my focus would now be on seeking a transformational deal to provide loyal shareholders with a more exciting future. The Digital and Cybersecurity services sector offers that exciting future. Businesses are changing from traditional to digital interactions and are often ill prepared for the hacking, data security, cybercrime and cyberterrorism threats that they face. The Digital environment is so vast and the threats so varied, that many large and small enterprises are not able to deal with these issues.

"By securing the services of such an outstanding trio of talent in this sector, I am planning to move our company into this high growth area and to build with them, a group of significant scale providing digital resilience solutions to capitalise on this market opportunity and deliver enhanced value to our shareholders."

The following details in relation to the appointment of Mr Ball are disclosed in accordance with Schedule 2(g) of the AIM Rules:

Mr Ball has a right to subscribe for 10,000,000 Ordinary Shares, exercisable at 1p, representing 3.38 per cent. of the Company's current issued share capital.

There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.

Tungsten

Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.