New Mineralised Zone

Aurum Mining PLC 07 December 2006 For Immediate Release 7 December 2006 AURUM MINING PLC ('Aurum' or 'the Company') New mineralised zone discovered at Andash: possible faulted extension to Zone 1 Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other mineral extraction projects in the Former Soviet Union (FSU), is delighted to announce details of the discovery of a new exploration zone within the Andash licence area. The new zone, called Nakhodka, shares the geological and mineralogical features of Andash Zone 1, where 1.5 million ozs of gold and gold equivalent have already been identified. The company is presently finalising the bankable feasibility study for zone 1 and expects to deliver this shortly. During a recent geological mapping campaign in the northern region of the Andash licence area, a body of eruptive diorite breccia was delineated for a distance of approximately 3.5km, with a visible width of approximately 1.5km. Within this breccia, a new mineralised zone was identified, with a strike length of approximately 1000m. The zone is represented by strongly altered breccia with intensive sulphide mineralisation (pyrite/chalcopyrite) and visible gold. Structurally it is a flat North-dipping thrust zone with distinct geological and mineralogical features similar to Zone 1. It is believed that the mineralisation represents the upper part of the Zone 1 orebody, faulted by a flat thrust moving it North around 2km. This new area and Zone 1 are structurally similar and have the same host rocks and similar chemical elements both in type and grade. Initially, 14 grab and chip samples were taken from the surface. Nine samples returned elevated gold and copper values up to 124 g/t of gold and 1.05% copper. Sample Location Type of sampling Length, m Grade X Y Au, g/t Cu, % A-06-801 33814 11572 grab 0.39 0.39 A-06-802 33782 11510 grab 31.6 0.84 A-06-807 33522 11432 chip 2.0 <0.05 0.001 A-06-808 33610 11436 grab 9.83 0.56 A-06-809 33604 11461 grab 0.52 0.02 A-06-810 33780 11534 grab 30.5 1.0 A-06-811 33941 11570 chip 1.0 <0.05 0.004 A-06-818 33680 11532 grab 124.0 0.24 A-06-819 33776 11550 grab 0.38 0.32 A-06-830 33136 11658 chip 1.5 <0.05 0.33 A-06-831 33156 11660 grab <0.05 0.004 A-06-832 33186 11646 grab 0.95 1.05 A-06-833 33318 11323 grab <0.05 0.002 A-06-840 33934 11612 chip 0.5 <0.05 0.001 Attempts to get to bedrock by trenching were partially successful due to very thick overburden, at times more than 4m thick. Of five trenches, only two trenches successfully hit bed rock, with a total length of 122.6m. The trenching results below showed strong mineralisation running 9.9m at 7.89g/t gold, and 9m at 5.04 g/t of gold. ## ## sample Interval of Length, m Grade sampling, m Au, g/t Cu, % Ag, g/t Trench #17-06 A-06-971 10.1-12.8 2.7 8.36 0.365 6.4 A-06-974 12.8-14.0 1.2 14.4 0.333 14.4 A-06-975 14.0-15.0 1.0 11.4 0.65 12.6 A-06-976 15.0-16.0 1.0 10.1 0.51 10.1 A-06-977 16.0-17.1 1.1 8.81 0.77 6.8 A-06-978 17.1-18.0 0.9 6.98 0.263 5.0 A-06-979 18.0-20.0 2.0 2.09 0.095 2.2 A-06-980 20.0-22.0 2.0 0.272 0.024 <1.0 A-06-981 22.0-24.0 2.0 0.063 0.003 <1.0 A-06-982 24.0-26.0 2.0 <0.050 0.002 <1.0 A-06-983 26.0-28.0 2.0 <0.050 0.001 <1.0 A-06-984 28.0-29.6 1.6 <0.050 0.002 <1.0 Total: 10.1-20.0 9.9 7.89 0.37 7.18 Trench #21-06 A-06-1021 0.0-1.0 1.0 2.04 0.261 2.0 A-06-1022 1.0-2.0 1.0 27.9 0.77 33.2 A-06-1023 2.0-3.0 1.0 0.231 0.055 2.0 A-06-1024 3.0-6.0 3.0 0.238 0.053 <1.0 A-06-1025 6.0-7.3 1.3 0.066 0.014 <1.0 A-06-1026 7.3-8.3 1.0 1.11 0.192 1.8 A-06-1027 8.3-9.0 0.7 19.0 0.418 8.5 A-06-1028 9.0-10.0 1.0 <0.050 0.004 <1.0 A-06-1029 10.0-12.0 2.0 <0.050 0.004 <1.0 A-06-1030 12.0-14.2 2.2 <0.050 0.001 <1.0 Total: 0.0-9.0 9.0 5.04 0.19 5.47 Commenting on the new find, Mark Jones, Aurum's Chief Executive, said: 'As a new exploration zone, Nakhodka provides us with yet another great opportunity to expand our resource base at Andash. We will begin a drilling programme in the new season next year with a view to getting a clearer estimation of this resource, which, in common with our Tokhtonysay exploration area, has the attraction of proximity to the proposed Andash Zone 1 mine. 'With this new zone, our Tokhtonysay prospect and our other five zones, we have an impressive number and size of targets within the Andash licence area. These will augment our most advanced project, Andash Zone 1 which recently received a Mining Licence. Andash Zone 1 contains gold and gold equivalent of more than 1.5m ozs. We look forward to initial production in 2008, when positive cashflows will assist us to exploit the potential of the new opportunities at Andash.' 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 / Rebecca Skye Dietrich 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. Mining consultant Wardell Armstrong International has confirmed a JORC resource estimate of 1.49 million ozs of gold and gold equivalent in Andash Zone 1 in Measured and Indicated categories. A Mining Licence for the Andash area was awarded by the Kyrgyz authorities in November 2006. The feasibility study for Zone 1 is scheduled for completion by the end of this year, allowing production to begin in 2008. The Andash project also includes the Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka and three other additional exploration areas. This information is provided by RNS The company news service from the London Stock Exchange
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