Local Andash Study

Aurum Mining PLC 06 June 2006 For immediate release 6 June 2006 AURUM MINING PLC ('Aurum' or 'the Company') Submission of local feasibility study to Kyrgyz authorities Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU), is pleased to announce that its wholly owned subsidiary the Andash Mining Company has submitted a local feasibility study to the Kyrgyz government for the Andash gold and copper project in the Kyrgyz Republic. This feasibility study, which covers economic, mining, metallurgical, legal, environmental and social factors for the project, has been completed for Zone 1 and is a key step in the application to the Kyrgyz authorities for a Mining Licence for the Andash Project. The feasibility study was prepared by Ken-Too Design and Research Centre, the leading independent Kyrgyz mining consultancy. This study confirms the resource estimates previously included in the State Register of the State Commission of Resources of the Kyrgyz Republic, which included 21.7 million tonnes of C1+C2 reserves from Zone 1, amounting to gold and gold equivalent of more than 1.5 million ozs. Aurum is also carrying out a Western feasibility study to a JORC resource, which will be completed in September this year. This feasibility study, which is being prepared by Wardell Armstrong International, will form the basis of discussions for the project financing of the Andash mine, which will be an open pit construction with the potential for high production rates. It is expected that the construction of the mine will begin in early 2007 with production beginning towards the end of 2007. Mark Jones, Aurum Mining's Chief Executive, said: 'The submission of the local feasibility study marks a further important step in the Company's transition from exploration to production. The local study forms the basis of our application for a Mining Licence ahead of the start of commercial production in the final quarter of 2007.' For further information: Aurum Mining plc Tel: 020 7478 9050 Mark Jones, Chief Executive Arbuthnot Securities Tel: 020 7012 2000 Graham Swindells Buchanan Communications Tel: 020 7466 5000 Mark Court/Amy Rajendran Notes to editors Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 with the strategy of seeking, evaluating and acquiring gold and other mineral extraction projects in the Former Soviet Union (FSU). In January 2005 the Company completed its first acquisition, giving the Company an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. In its State Register, the State Commission of Resources of the Kyrgyz Republic has included 21.7 million tonnes of C1 and C2 reserves from the project, amounting to gold and gold equivalent of more than 1.5 million ozs. This information is provided by RNS The company news service from the London Stock Exchange
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