London, 01 August
2017

Avocet Mining PLC,
('Avocet' or 'the
Company') announces
today that the
standstill agreement
('the Standstill
Agreement') with its
major trade and
financial creditors
('the Major
Creditors') and its
subsidiary Société
des Mines de
Bélahouro SA ('SMB')
that operates the
Inata gold mine in
Burkina Faso, has
been extended by two
weeks until 14
August 2017.
 
SMB has been in
discussions with
trade creditors,
banks and government
to stabilize SMB and
with a view to
restructure its
balance sheet since
April. On 31 May
2017, the Company
has announced that
SMB, the Major
Creditors - together
representing
approximately
seventy per cent of
SMB's debt -agreed
the terms of a
standstill agreement
for the duration of
two months until 31
July 2017 as
strategic options
were being explored
in connection with a
financial, debt and
corporate
restructuring of the
SMB.

The Major Creditors
have requested SMB
to extend the
Standstill Agreement
with a maximum of
one month. SMB has
granted the Major
Creditors an
extension of the
Standstill Agreement
by two weeks until
14 August 2017 as it
feels that it is in
the interest of all
its stakeholders to
come to a resolution
as soon as possible.

FOR FURTHER
INFORMATION PLEASE
CONTACT
Avocet Mining PLC	 	
Boudewijn Wentink,
CEO
Yolanda Bolleurs,
CFO
+44 20 3709 2570

Blytheweigh
Financial PR
Tim Blythe
Camilla Horsfall
Megan Ray
+44 207 138 3204

J.P. Morgan Cazenove
Corporate Broker
Michael
Wentworth-Stanley
+44 20 7742 4000








NOTES TO EDITORS

Avocet Mining PLC
("Avocet" or the
"Company") is an
unhedged gold mining
and exploration
company listed on
the London Stock
Exchange (ticker:
AVM.L) and the Oslo
Børs (ticker:
AVM.OL). The
Company's principal
activities are gold
mining and
exploration in West
Africa.
In Burkina Faso the
Company owns 90 per
cent of the Inata
Gold Mine. The Inata
Gold Mine poured its
first gold in
December 2009 and
produced 72,485
ounces of gold in
2016. Other assets
in Burkina Faso
include five
exploration permits
surrounding the
Inata Gold Mine in
the broader
Bélahouro region.
The most advanced of
these projects is
Souma, some 20
kilometers from the
Inata Gold Mine.
The Company also
holds an interest in
the Tri-K project in
Guinea. On 22 May
2017, the Company
announced that it
had completed its
agreement to dispose
of 40 per cent of
the project to
Managem, a Moroccan
group listed on the
Casablanca stock
exchange, which will
increase upon
completion of a
bankable feasibility
study for a CIL
plant at the site,
the incurring of
expenditures of at
least US$10 million,
and the enlarging of
the ore reserve, to
70 per cent (in the
event of an increase
of the reserve to 1
million ounce or
more) or 60 per cent
(if less than 1
million ounces).