Auriant Mining AB (publ.) has reached an agreement with Golden Impala Limited on a new revolving bridging loan facility of US$ 3 million in order to provide short-term working capital during the low production season and to secure continuous funding of the CIL project.  

Following the receipt of heads of terms from its main bank finance provider, VTB, which was announced in March 2018, VTB’s credit committee has provided detailed terms for the new credit line of RUB 300 million (equal to approximately US$ 4.5 million at today’s exchange rate).  Before provision of the funds, the Bank requires detailed information about the current status of the CIL project.  This is a routine requirement of the bank when making construction loans.  The Company is working on providing the Bank with the requested information.  Meanwhile, the Company has procured a new unsecured bridging loan facility from Golden Impala Limited in order to provide short-term working capital during the low production season in the 1st half of 2019,and to secure continuous funding for the CIL project until the Company gets access to the VTB loan facility.  The new unsecured revolving bridge loan facility has the following key terms:

   ●    Amount: USD 3,000,000  

   ●    Maturity date: 31 December 2019

   ●    Interest rate of 12 % per annum on the drawn down amount and a standby fee of 2% per annum on the undrawn amount.

Golden Impala Limited is a company related to Preston Haskell, a member of the Board of the Company, who indirectly controls 52.27% of the Company’s share capital via Bertil Holdings Ltd.

The new bridge loan facility reflects the continuing support given by the controlling shareholder for the ongoing development of the Company’s projects.  It will help the Company to keep the CIL project on track while passing through the low production season. As previously announced the Company has also raised US$ 3.0 mln of lease finance from LLC Dela for the CIL project.  This funding has been used to purchase key equipment for the plant.

For more information, please contact:

Sergey Ustimenko, CEO
tel: +7 495 109 02 82
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.

This information is information that Auriant Mining AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 09:10 CET on November 19th , 2018.

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.

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