Auriant Mining AB (publ.) publishes Q1 2018 Interim Report

Highlights:

• During Q1 2018, no mining took place. Gold was produced from ore stacked on the heap leach in 2017, in line with the production plan.
• Q1 2018, production was 70.6 kg (2,270 oz) compared to 95.2 kg (3,061 oz) produced from the heap leach in Q1 2017, a decrease of 26%.Total gold production in Q1 2017, both from the heap leach and from the gravitational plant, was 110.9 kg (3,565 oz).
• Warrants subscription period, issued in connection with the rights issue in September 2017, ended on 30 March 2018. Additional capital of US$ 7.1 mln was raised (before transaction costs), of which US$ 3.7 mln was subscribed through a set off of shareholder debt and US$ 3.4 mln was raised in cash. New shares were registered at the Swedish Companies Registration Office in April 2018. The warrant subscription proceeds will fully finance the construction of the CIL plant at Tardan and the study at Kara-Beldyr.
• In March 2018, the Company reached an agreement with Golden Impala Ltd to extend the maturity date of the shareholder debt from June 30, 2019 to December 31, 2021, when Kara-Beldyr is expected to start operations. Other terms remained unchanged.
• Consolidated revenue was MSEK 18.9 (US$ 2.3 mln) (Q1 2017 - MSEK 55.3 (US$ 6.2 mln)).
• EBITDA was below breakeven: MSEK -8.2 (US$ -1.0 mln) compared to MSEK 12.5 (US$ 1.4 mln) in Q1 2017.
• Net loss after tax was MSEK -21.4 (US$ -2.6 mln) (Q1 2017 - MSEK -8.5 (US$ -0.9 mln)).

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

• In April 2018, the Company raised US$ 3.0 mln of lease finance with the leasing company LLC Delta, which will be used for the acquisition of equipment for CIL plant.
• In May 2018, alluvial production commenced at Solcocon.

Full report is available here

The report will be followed by an interactive webcast for analysts and investors with the CEO, Sergey Ustimenko and CFO, Alexander Buchnev who will be presenting Auriant Mining's Q1 2018 results as well as hosting a Q&A session.

The event will begin at 11:00 CET (11:00 Stockholm, 12:00 Moscow, 10:00 London).

Those wishing to participate will need to pre-register for this event by clicking hereor opening the following link
https://auriant.webex.com/auriant-en/onstage/g.php?MTID=ea81fecd85d479d10c1c017f5b5d045c1

For more information, please contact:

Sergey Ustimenko
tel: [phone]
e-mail: [e-mail]

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 two operating mines (Tardan and Solcocon), one early stage exploration asset and one development asset.

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 [phone] 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 09:00 CET on May 31 , 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.

Attachment

• Release Q1 2018 Interim (https://prlibrary-eu.nasdaq.com/Resource/Download/76c7f154-7c96-45d9-9eee-e8acb19716d5)