Avocet Mining Plc ("Avocet" or the "Company") announces today that it has
completed the sale of Resolute (West Africa) Limited ("Resolute") to the Balaji
group of companies (the "Balaji Group") for total consideration of USD 5
million.

On 18 December 2017, the Company announced that it had entered into an agreement
to sell all of its assets in Burkina Faso, including the Inata goldmine,
together with certain receivables of the Company's group to the Balaji Group for
a total consideration of USD 5 million (the "Sale"). 

Completion of the Sale was expected to occur on 11 January 2018. At the request
of the Balaji Group, completion of the Sale had been delayed three times, most
recently until 8 February 2018, pending its discussions with a creditor of
Resolute.

The transaction involves the assignment of certain intercompany receivables for
cash consideration of USD 2.5 million, to be paid at completion, and for a
consideration of USD 2.5 million to be satisfied by deferred payments over a
period of seven years.

Avocet has received cash proceeds at completion of USD 2 million received from
the Balaji Group. Balaji had already paid USD 500,000 to the Company in the form
of a non-refundable deposit.



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.