2 May 2017

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

Suspension of shares

Avocet Mining PLC announces that it has been unable to publish its 
Annual Report and Financial Statements for the year ending 31 
December 2016 within four months of the year end, and, as a 
consequence, the Company has requested that its shares on both the 
London Stock Exchange and the Oslo Børs be suspended with immediate 
effect. 

The reason for the delay in publishing the accounts is due to the 
time needed by the Group's auditors, Grant Thornton, to complete 
their audit work. 

The Company expects the audit to be completed in due course and will 
apply for the restoration of its listing immediately thereafter.

Update at Inata

As announced on 31 March 2017, production at Inata continues to be 
affected by the knock-on effects of the suspension of operations in 
October and November 2016, with funding for inventories, spares and 
maintenance having been impacted by the need to clear overdue 
payments. 

At Inata, the immediate priority is to negotiate continued support 
from creditors to allow operations to continue, whilst in parallel, 
the Company seeks the financing needed to secure the additional 
production from satellite pits (including Souma). This will 
represent a considerable challenge, with compromises needed from all 
stakeholders, with there being no guarantee of a successful outcome. 
Against this background, the mine is experiencing shortage of 
critical supplies including reagents and explosives, causing ongoing 
interruptions in the mine's production processes.   

In the past weeks, the new management has started discussions with 
the mine's trade creditors, banks and government. The market will be 
updated on these discussions in due course.

Progress of Tri-K transaction with Managem

Following the ratification of the Mining Convention for the Tri-K 
project by the Guinea National Assembly on 24 February 2017, the 
Company continues to wait for the publication of a Presidential 
Decree formalising the Convention as an act of law. Publication of 
this document will trigger the "First Closing" of the earn-in 
Agreement with Managem and the payment of $4 million in return for a 
40% interest in the project. 




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). Following approval by the 
Guinean National Assembly in February, the transaction remains 
subject only to the publication of a Presidential decree formalising 
the Mining Convention.