AURUM MINING PLC

("Aurum" or "the Company")  

Final results for the year ended 31 March 2009

Aurum Mining plc (AIM: AUR), the gold mining company focused on the Former Soviet Union (FSU) and whose principal asset is the Andash project in the Kyrgyz Republic, is pleased to announce its final results for the year ended 31 March 2009.

Key points

•·         The Company has granted an option to ASX listed Kentor Gold which, if exercised, will result in the Company disposing of a majority stake in the Andash project and the ancillary mining fleet for net proceeds of $13.8m. Under the terms of the proposed deal Aurum will retain a 10% stake in the Andash asset.

•·         The Bishkek litigation has been closed with a ruling in favour of the Group and the validity of Group's Andash licenses has been reconfirmed by the State Agency for Geology and Mineral Resources of the Kyrgyz Republic.

•·         Following pressure from the major Shareholders to do so, the Company returned £15.9m to Shareholders in April 2009

•·         The Board is now examining a number of exceptional acquisition opportunities which will be put in front of our Shareholders at the appropriate time

Sean Finlay, Aurum's Chairman, said: "It has been a turbulent, but ultimately successful period for the Company and we feel that we are extremely well positioned to take advantage of some of the excellent opportunities that currently exist in the market. We look forward to the completion of the deal with Kentor and the funds that Aurum receives will enable the Company to get the leverage it requires to acquire assets on terms beneficial for all of our stakeholders"

It is anticipated that the Company's Annual Report will be dispatched to Shareholders later today.  The Accounts include notice of the Company's Annual General Meeting to be held at 12.00 noon on 23 October 2009 at 4 More London Riverside, London SE1 2AU. A copy of the Annual Report and the notice of AGM are also be available on the Company's website, www.aurummining.net

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Notes to editors

Aurum Mining, which joined the AIM market of the London Stock Exchange in May 2004, is a mining company focused on gold opportunities in the Former Soviet Union. Its principal asset is an exploration licence over the Andash gold and copper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 was awarded by the Kyrgyz authorities in 2006. The feasibility study compiled by Wardell Armstrong International, also in 2006, confirmed a measured and indicated resource base of 19.2 million tonnes at 1.1 grams per tonne of gold and 0.4% copper, which equates to 1.1 million ozs of gold and gold equivalent. The Andash project also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka and three other additional exploration areas.