Placing

Aurum Mining PLC
08 May 2006


For immediate release                                                 8 May 2006

                                AURUM MINING PLC
                           ('Aurum' or 'the Company')

                         Placing to raise £2.5 million


Aurum Mining plc (AIM: AUR), the company formed to acquire gold and other
mineral extraction projects in the Former Soviet Union (FSU), announces that
2,777,778 new ordinary shares of 1 pence each in the share capital of the
Company (the 'Placing Shares') have been placed by Arbuthnot Securities Limited
with institutional investors at a price of 90 pence per share to raise
approximately £2.5 million before expenses (the 'Placing').  The Placing Shares
represent approximately 22.5 per cent. of the enlarged issued share capital of
the Company.

The net proceeds of the Placing will be used primarily for working capital
purposes in order to complete the engineering design work required to complete
the feasibility study and conduct further drilling on exploration zones 2 and 3
at the Company's Andash Project.

Application has been made to the London Stock Exchange for the Placing Shares to
be admitted to trading on AIM.  The Placing Shares will rank pari passu with the
existing issued ordinary shares of 1 pence each in the share capital of the
Company (the 'Ordinary Shares'). The Placing is conditional, inter alia, on the
admission of the Placing Shares to AIM becoming effective ('Admission'), which
is expected to occur on 12 May 2006, when dealings in the Placing Shares are
expected to commence. Following Admission, the Company will have 12,365,468
Ordinary Shares in issue.

On 31 January 2005, a waiver was granted by the Panel on Takeovers and Mergers
from the obligation of the Concert Party (as set out in the admission document
sent to shareholders on 13 January 2005) to make an offer to all shareholders of
the Company pursuant to Rule 9 of the City Code on Takeovers and Mergers. This
waiver related to the potential allotment of up to 3,100,000 new ordinary shares
pursuant to the acquisition of Kaldora Company Limited and options over a
further 1,000,000 Ordinary Shares granted to members of that Concert Party as
set out in the admission document. As a result of the Placing set out above, the
percentage holding of the Concert Party upon Admission will be reduced to 23.25
per cent. and the potential shareholding of the Concert Party as a result of the
issue of shares and exercise of options for which the waiver has been obtained
would be up to 40.18 per cent.

Mark Jones, Chief Executive Officer, commented: 'We are delighted with the
success of the Placing, which will allow us to complete our feasibility study at
Andash. We welcome our new institutional shareholders and thank our existing
shareholders for their continued support.'


For further information:

 Aurum Mining plc                                             Tel: [phone]
 Mark Jones, Chief Executive

 Arbuthnot Securities                                         Tel: [phone] 
 Graham Swindells

 Buchanan Communications                                      Tel: [phone]
 Mark Court


Notes to editors

Aurum Mining joined the AIM market of the London Stock Exchange in May 2004 with
the strategy of seeking, evaluating and acquiring gold and other mineral
extraction projects in the Former Soviet Union (FSU). In January 2005 the
Company completed its first acquisition, giving the Company an exploration
licence over the Andash gold and copper project in the Kyrgyz Republic. In its
State Register, the State Commission of Resources of the Kyrgyz Republic has
included 21.7 million tonnes of C1 and C2 reserves from the project, amounting
to gold and gold equivalent of more than 1.5 million ozs.


                      This information is provided by RNS
            The company news service from the London Stock Exchange