Andash Project Update

RNS Number : 9968V

Aurum Mining PLC

04 June 2008

 



For immediate release

4 June 2008

AURUM MINING PLC

('Aurum' or 'the Company')

Andash Project Update

Aurum Mining plc (AIM: AUR) is giving an update to the market following the announcement made on 29 May 2008.

In the civil case, in which the Company's wholly owned subsidiaries Andash Mining Company and Kaldora Company Limited are named as co-defendants by Marsa AG, the Bishkek Inter-District Court of Kyrgyzstan has referred the case back to the Bishkek City Court of Kyrgyzstan. This referral was legally required due to the fact that the Bishkek City Court did not fulfil its requirements when the case was originally referred to it for jurisdictional clarification. The Bishkek City Court is required to hear the claim by 29 June 2008.

In a separate development, Aurum has successfully obtained a substantial freezing order in Liechtenstein over the bank accounts of Marsa AG in order to secure a potential claim against Marsa AG for fraudulent and malicious litigation against the Aurum Group. The supporting statement of claim has also been lodged with the Liechtenstein Court.

The Aurum Board views the obtaining of this freezing order as an important step in the resolution of the civil case in Kyrgyzstan.

A further announcement will be made in due course.

For further information: 

Aurum Mining plc	Tel: [phone]
Mark Jones, Chief Executive Chris Eadie, Chief Financial Officer
Arbuthnot Securities	Tel: [phone]
John Prior
Buchanan Communications	Tel: [phone]
Mark Court  Rebecca Skye Dietrich

 

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