Interim Results

Aurum Mining PLC
30 December 2004


For immediate release                                   30 December 2004


                                Aurum Mining plc

                           ('Aurum' or 'the Company')

          Interim results for the six months ending 30 September 2004


Aurum Mining plc (AIM: AUR), a company formed earlier this year to acquire gold
and other mineral extraction projects in the Former Soviet Union (FSU), is
pleased to announce its maiden interim results for the six months ending 30
September 2004.


• Aurum Mining plc joined the Alternative Investment Market (AIM) in May
  2004 with the strategy of seeking acquisitions of gold and other mineral
  extraction projects in the FSU, a region where Soviet era mineral fields offer
  significant potential for development.


• During the period under review, the Company pursued its strategy of
  identifying and evaluating potential acquisitions, a process that has allowed
  the Company to move closer to its first acquisition.


• Aurum's financial performance in the period was in line with the Company's 
  expectations. The Company reported a pre- and post-tax loss of £98,000
  for the six months to 30 September 2004 and had net cash of £1.38 million as 
  of 30 September 2004.


Commenting on the results, Sean Finlay, Aurum's Chairman, said: 'We continue to
believe that the Former Soviet Union is an ideal region in which to seek
acquisitions of gold projects. During our first months as a publicly quoted
company we have executed our strategy by seeking, identifying and evaluating
potential acquisitions. I look forward to providing shareholders with an update
on our progress in due course.'



For further information:

Aurum Mining plc                                              Tel: [phone]
Haresh Kanabar

W H Ireland                                                  Tel: [phone]
Tim  Cofman

Buchanan Communications                                      Tel: [phone]
Mark Court/Charlie Howard



AURUM MINING: INTERIM RESULTS

Profit and Loss Account
For the six months ended 30 September 2004 (unaudited)


                                     Note              6 months ended
                                                    30 September 2004
                                                          (unaudited)
                                                                 £000

Turnover                                                            -

Costs of Sales                                                      -

Gross Profit                                                        -

Administrative Expenses                                         (116)


Operating loss                                                  (116)



Net interest (payable) /receivable                                 18



Taxation                                                            -


Loss after taxation                                              (98)


Loss per share                       4                       (1.19) p






All recognised gains and losses are included in the profit and loss account.





Balance Sheet
At 30 September 2004 (unaudited)


                                                        30 September 2004
                                                              (unaudited)
                                                                     £000

Fixed Assets                                                           11


Tangible Assets                                                         -


Total Fixed Assets                                                     11


Current Assets/(Liabilities)

Cash                                                                 1377

Debtors                                                                18

Creditors: amounts falling due within one year                       (34)

Total Assets less Current Liabilities                                1372


Creditors: amounts falling due after more than one
year                                                                    -


Net Assets                                                           1372


Capital and reserves

Share capital - Issued and fully paid                                  82



Share premium account                                                1388

Profit and loss account                                              (98)



Shareholders' Funds                                                  1372






Cash flow statement
For the 6 months ended 30 September 2004 (unaudited)


                                                      6 months ended 30
                                                         September 2004
                                                            (unaudited)
                                                                   £000

Net cash outflow from operating activities                         (99)

Returns on investments
and servicing of finance
Interest received                                                    18


Net cash flow from returns on investments                            18


Capital expenditure and financial investment
Purchase of tangible fixed assets                                  (12)


Net cash outflow from capital expenditure                          (12)


Financing


Issue of shares                                                    1470


Net cash inflow from financing                                     1470


Increase/(Decrease) in cash                                        1377





Notes to the Interim Report



1   BASIS OF PREPARATION

The interim accounts for the six months ended 30 September 2004 are unaudited
and do not constitute statutory accounts in accordance with section 240 of the
Companies Act 1985.


The financial information has been prepared in accordance with applicable
accounting standards and under the historical cost accounting convention.


Accounting policies consistent with those to be applied in the financial
statements for the year ended 31 March 2005 have been used in preparing the
unaudited interim financial statements for the 6 months ended 30 September 2004.


2   DIVIDENDS

The Directors are not declaring a dividend for the six months ended 30 September
2004.


3   TAXATION

There is no tax charge for the period due to the loss arising.


4   LOSS PER SHARE

The calculation of the loss per share is based on the loss for the period of
£97,483 and the weighted average number of shares in issue during the period of
8,191,489


5   COPIES OF INTERIM RESULTS

Copies of the interim results are available from the Company's office, 26 Curzon
Street, London W1J 7TQ.




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