Further to the announcement on 23 November, Avocet 
Mining PLC ("Avocet" or "the Company") announces that 
a temporary agreement has been reached in connection 
with the gold seizure at the Group's Inata gold mine 
in Burkina Faso, as a result of which the gold under 
seizure will be released, workers have returned to 
site and gold sales and production will recommence 
over the coming days.

Under the terms of this agreement, Société des Mines 
de Bélahouro SA ("SMB", the Group subsidiary which 
owns the Inata gold mine) will work with the ex-
workers to agree a final settlement over the next 30 
days.  

If a settlement is not reached within the next 30 
days, there remains a risk that production and gold 
sales will need to be suspended again if there was any 
risk of further gold seizures.  

The Company intends that, with the resumption of gold 
sales, 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.