18 January 2008

                                AURUM MINING PLC

                          ("Aurum" or "the Company")

                              Exercise of Warrants

Aurum Mining plc (AIM: AUR), the gold-mining company focused on the Former

Soviet Union, announces that application has been made for the admission to

trading on AIM of 25,000 ordinary shares of 1p each ('Shares') in the Company, pursuant to the exercise of warrants issued in connection with the issue of convertible loan notes on 15 February 2006. The Shares will rank pari passu with the Company's existing issued ordinary shares, and dealings in the shares are expected to commence 24 January 2008.

For further information:

Aurum Mining plc                                         Tel: 020 7478 9050

Mark Jones, Chief Executive

Chris Eadie, Chief Financial Officer

Arbuthnot Securities                                     Tel: 020 7012 2000

John Prior

John Toll

Buchanan Communications                                  Tel: 020 7466 5000

Mark Court/Rebecca Skye Dietrich