London, 5 September 2018


Avocet Mining Plc ("Avocet" or the "Company") announces today that it has
transferred 30 per cent of its Tri-K gold project in Guinea to Managem SA
("Managem"), a Moroccan mining group listed on the Casablanca stock exchange.

On 10 October 2016, Avocet announced that it had entered into an agreement with
Managem, under which Managem would ultimately hold an interest of 70 per cent in
the project conditional upon (a) an initial payment of US$4 million for 40 per
cent of the project and related shareholder loans, (b) the completion of a US$10
million work programme, and (c) the production of a bankable feasibility study
for an operation with a reserve of at least 1 million ounces. 

On 22 May 2017, Avocet received from Managem US$4 million for 40 per cent of the
project and related shareholder loans as part of the first closing. 

On 3 August 2018, Managem sent the Company an overview of the work programme,
the costs incurred as part of that programme, and a feasibility study indicating
a reserve of approximately 1.1 million ounces (which is now available on the
Company's website).

The Company has now transferred the remaining 30 per cent of the Tri-K project
and the related shareholder loans to Managem. However, a discussion is ongoing
between the parties regarding a significant overspend of the costs incurred as
part of the work programme.

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

NOTES TO EDITORS

Avocet Mining PLC ("Avocet" or the "Company") is a 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 activity is gold exploration in
Guinea, West Africa: the Tri-K project.