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2016-05-13

Auriant Mining AB (publ.) provides a forecast for 2016

(publ.) provides a forecast for 2016

Auriant Mining AB (publ) is pleased to announce the forecast for 2016
production of 1,000 kg (32,150 oz.) of gold. This volume of production is
expected to continue in the future as the Company continues an exploration
within the Greater Tardan area. The Company expects to add more reserves and
increase Tardan’s life of mine. During 2016 we are also expecting to get an
approval of Kara-Beldyr reserves in amount of ~20 t (C1+C2).

Auriant Mining will concentrate its efforts on becoming profitable in 2016.
Besides of achieving forecasted volume of gold production, in 2016 the Company
plans to maintain a positive cashflow by reducing management costs by 40%,
continues its cost control program and sale Solcocon which will result to debt
reduction.

Forecasts will in the future be presented in the Company’s quarterly reports,
and if major changes occur, be followed up by a press release.

For more information, please contact:

Sergey Ustimenko, CEO

tel: +7 495 660 22 20

e-mail: sergey.ustimenko@auriant.com

Company name: Auriant Mining AB

Short name: AUR

ISIN-code: SE0001337213

Website: www.auriant.com
Twitter: @auriantmining

Auriant Mining AB (AUR) is a Swedish junior mining company focused on gold
exploration and production in Russia, primarily in Zabaikalye and the Republics
of Khakassia and Tyva. The company has currently four assets, including one
operating mine (Tardan), one early stage exploration asset and two development
assets.

Since July 19, 2010, Auriant Mining´s shares are traded on First North Premier
at the NASDAQ OMX Nordic Exchange under the short name AUR. For more
information please visit www.auriant.com. Mangold Fondkommission is Certified
Adviser to Auriant, for more information please call +46 8 503 015 50 or visit
www.mangold.se.

Cautionary Statement: Statements and assumptions made in this report with
respect to Auriant Mining AB’s (“AUR”) current plans, estimates, strategies and
beliefs, and other statements that are not historical facts, are
forward-looking statements about the future performance of AUR. Forward-looking
statements include, but are not limited to, those using words such as "may",
"might", "seeks", "expects", "anticipates", "estimates", "believes",
"projects", "plans", strategy", "forecast" and similar expressions. These
statements reflect management's expectations and assumptions in light of
currently available information. They are subject to a number of risks and
uncertainties, including, but not limited to, (i) changes in the economic,
regulatory and political environments in the countries where AUR operates; (ii)
changes relating to the geological information available in respect of the
various projects undertaken; (iii) AUR’s continued ability to secure enough
financing to carry on its operations as a going concern; (iv) the success of
its potential joint ventures and alliances, if any; (v) exchange rates,
particularly between the Russian rouble and the U.S. dollar. In the light of
the many risks and uncertainties surrounding any gold production and
exploration company at an early stage of its development, the actual results
could differ materially from those presented and forecast in this report. AUR
assumes no unconditional obligation to immediately update any such statements
and/or forecasts

This press release shall not, directly or indirectly, be released, published or
distributed in or to the United States, Australia Japan, Canada, New Zealand,
Hong Kong, South Africa or other country where such action as a whole or in
part is subject to legal restrictions. Nothing in this press release should be
considered as an offer to invest or otherwise trade in shares of Auriant Mining
AB (publ). The proposed issue will not be directed at residents or those living
in the United States, Australia, Japan, Canada, New Zealand, Hong Kong, South
Africa or other country where such action would require further prospectus,
other offering documentation, registration or other measures beyond those
required by Swedish law. No securities will be registered under the United
States Securities Act of 1933, a similar law in any state in the United States,
or under any provincial law in Canada, nor under the applicable law of another
country.

Författare SSE

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