Exercise of options

RNS Number:4425R
Avocet Mining PLC
30 October 2003

                               AVOCET MINING PLC

                              EXERCISE OF OPTIONS


Application has been made for the admission to trading on AIM of 100,000
ordinary shares of 25p each in Avocet Mining PLC.  The shares have been issued
pursuant to the exercise of options at 25p per share.  The shares will rank pari
passu in all respects with the existing issued ordinary share capital of the
Company.



Trading in these shares is due to commence on 31 October 2003.



Avocet is a mining company listed on the AIM market of the London Stock
Exchange.  The Company's principal activities are gold mining and exploration in
Malaysia (as 100% owner of the Penjom mine, the country's largest gold
producer), Tajikistan (as 49% owner and operator of the Zeravshan Gold Company,
Tajikistan's principal gold mine), and Indonesia (as 80% owner of the North
Lanut gold project in North Sulawesi).






________________________________________________________________________________

For further information please contact:

Avocet Mining PLC                             4C Communications Ltd
John Catchpole (Chief Executive)              Carina Corbett
Jonathan Henry (Finance Director)             020 8949 7171
020 7907 9000                                 020 7907 4761
www.avocet.co.uk
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                      This information is provided by RNS
            The company news service from the London Stock Exchange
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