10 May 2017

Avocet Mining PLC, ("Avocet" or "the Company"), the West African 
focused gold mining and exploration company, provides an update on 
the progress of the Tri-K transaction and an update on Inata.

Progress of Tri-K transaction with Managem

Avocet has received the Presidential Decree which ratifies the 
Mining Convention for Tri-K project as an Act of law. "First 
Closing", whereby the Company will receive $4 million from Managem 
for 40% of its interest in project is expected to happen on short 
notice. A further announcement will be made at this point.

Update on Inata

As announced earlier, in the past weeks, the new management has 
started discussions with the trade creditors, banks and government 
to stabilize SMB and with a view to restructure its debts. This will 
represent a considerable challenge, with compromises needed from all 
stakeholders.

It is against the background of these ongoing discussions that the 
mine is experiencing shortage of certain critical supplies, causing 
stoppages in parts of the mine's production processes. In order to 
lower its fixed costs during such stoppages and to provide the 
operational flexibility to react to the changing availability of 
supplies, the majority of its workers have been put in technical 
unemployment for a period of three months.

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 10 October 2016, the Company announced that it had agreed to 
dispose of 40 per cent of the project to Managem, a Moroccan group 
listed on the Casablanca stock exchange, which, 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).