Further to the announcement on 14 November, Avocet 
Mining PLC ("Avocet" or "the Company") announces that, 
in connection with the gold seizure at the Group's 
Inata gold mine in Burkina Faso, announced on 7 
October 2016, the Company has received a further 
indication from the court that a verdict on whether 
the gold should be released is to be deferred until 19 
December 2016.  The initial seizure was lifted by the 
court on 7 November 2016, but as yet the gold has not 
been released.  Accordingly, Société des Mines de 
Bélahouro SA ("SMB", the Group subsidiary which owns 
the Inata gold mine) applied to the court for 
clarification and to secure the release of the gold.  
In the meantime, the judge instructed both SMB and the 
former employees to work together to find a negotiated 
settlement. 

Following initial discussions, the Company is 
optimistic that SMB will be able to agree a framework 
for allowing the mine to return to operation and to 
making gold shipments without the threat of further 
seizures, while the final settlement figure is being 
established, over the coming days. 

The Company intends that once a resolution has been 
reached, and gold shipments resumed, the payment of 
management fees by SMB to the Company will also 
recommence, without which the Company would need to 
obtain third party funding in order to meet its head 
office and corporate costs falling due in December.  
If no funding were obtained either from Inata or a 
third party, as announced previously, it is likely 
that the Company will enter an insolvency process, in 
which circumstance it is highly unlikely that any 
value will remain for shareholders.

Further updates will be provided in due course.  

For further information see the appendix at 
[http://www.newsweb.no].