Company Information for Aurum Mining Plc

AIM-AUR

www.aurummining.net

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Company Statement

Aurum Mining plc joined the AIM market of the London Stock Exchange in May 2004 with the strategy of acquiring gold projects in the Former Soviet Union (FSU). The Company’s management and consultancy team - which brings together formidable experience of mining, the FSU and financial markets - has consistently delivered on its strategy with the result that the Company is on the point of transformation from exploration to production.

The Andash Project
Aurum acquired the licence to the Andash exploration area in northern Kyrgyz in January 2005 and has since advanced Zone 1 to a Proven and Probable reserve of 1.1 million ozs of gold and gold equivalent in copper. The licence area, which extends to 53 sq km, includes a further two orebodies and five exploration zones, offering a substantial opportunity to increase the Andash Project’s resource base and to maximise the mine life and cost efficiency of the proposed mine at Andash Zone 1. Aurum received a Mining Licence for Zone 1 from the Kyrgyz authorities in 2006 and also completed a fully bankable feasibility study, led by Wardell Armstrong International. Zone 1 has a JORC compliant P&P resource of 16Mt of ore at a grade of 1.05g/t and 0.4% copper, giving a gold equivalent of 1.1 million ozs.

Next steps
Detail design work for the construction of the open-cast mine at Zone 1, at an estimated capital cost of $55 million, has commenced following the successful raising of project finance through a £30m placing in February this year. Initial production is expected next year with output rates of 2Mt pa from 2009, establishing Aurum as a low-cost producer with significant additional exploration opportunities within the Andash licence area.

The Andash project also includes the Zone 2 and Zone 3 along with Tokhonysay and three other additional exploration areas.

Current Operations

Aurum Mining acquired the Andash project in January 2005, Andash is a gold and copper project is in the Talas Valley in the North West of the Kyrgyz Republic on the border with Kazakhstan. The project is situated in the Tien Shan gold belt, which stretches across Central Asia from Uzbekistan in the west through to China in the east. The Andash project is 260km west of the capital Bishkek and the nearest village, Kopero Bazar, is 1.5km away. The licence area is at an elevation of between 2,100m and 2,400m and can be accessed year round by a combination of tar and dirt road. Major power lines are within 15km of the deposit.

Zone 1 of the project contains 624,000 ounces of gold and 72,000 tonnes of copper in a porphyry style orebody that has a core of unusually high grade ore. The ore body lies close to the surface and has a low strip ratio, which, combined with the site’s location close to appropriate infrastructure, should see a low cost mining operation developed in 2007 for production in 2008.

The exploration licence covers an area of 53km2 and is valid until December 2010, following an extension awarded to Aurum by the Kyrgyz authorities in February 2006. There is an undemanding work commitment of $60,000 in this calendar year as a condition of the licence extension, which the recent drill programme and feasibility work has already exceeded.

The State Agency for Geology and Mineral Resources of the Kyrgyz Republic awarded a mining licence for Zone 1 in November 2006. The licence is valid until 2017. Construction of the mine will commence in 2007, with production expected in 2008.

Geographical Spread

Former Soviet Union

Board of Directors and Key Management

Mark Jones	(CEO)
Sean Finlay	(Non Executive Chairman)
Haresh Kanabar	(Executive Director)
Chris Eadie	CFO
Colin Knight (Dr)	(Non Executive Director)
David Bryans	(Aurum Mining Consultant)

Company Address

1st Floor
26 Curzon Street
Mayfair
London, United Kingdom W1J 7TQ


Telephone:	+44 20 7478 9050
Facsimile:	+44 20 7495 3388
Email:	elena.altayli[at]aurummining.net
Website:	http://www.aurummining.net

Additional Address/Key Contact

Year End

March

Nominated Brokers

Arbuthnot Securities

Nominated Advisors

Arbuthnot Securies

Most Recent Statement

16/07/08 - Andash Project Update
26/06/08 - Andash Project Update
03/06/08 - Andash Project Update
28/05/08 - Andash Project Update
14/05/08 - Andash Project Update
08/01/08 - Aurum Mining reports good drilling results from Tokhtonysay

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