The Tardan heap leaching factory fully commissioned and first gold produced

8/24/2012 9:37 AM EST

Auriant Mining AB
Company Announcement

The Tardan heap leaching factory fully commissioned and first gold produced

Stockholm, 2012-08-24 15:37 CEST (GLOBE NEWSWIRE) -- Auriant Mining AB is
pleased to announce that on August 24, 2012 the heap leaching factory at Tardan
mine was successfully commissioned. The official opening ceremony was attended
by Auriant’s board of directors, key management and the governor of Tyva
republic. The final permit to commission the factory at Tardan mine was issued
the same day by TyvaNedra, the local department of the state subsoil usage
agency located in Kyzyl, the republic of Tyva. Now that the factory is fully
commissioned and permitted, the heap leaching operation will go through the
ramp-up period in order to achieve a 1000 kg Au annual production in next 2
years. The test runs carried out through July-August have shown very
encouraging results with the first gold output being sent to refinery in August
2012. The production from the heap leaching facility to date amounted to 55 kg
Au. 

“We are very excited that Tardan heap leaching factory has been finally
commissioned and has also received all required permits. It is a major
accomplishment for the company and I would like to thank all Auriant’s
employees for their efforts in achieving this milestone. The commissioning will
enable Auriant to significantly increase production levels and generate steady
revenues from gold sales. Tardan being fully commissioned adds a great value
for our shareholders. We are also very proud of commissioning this socially
important project in Tyva and building a first heap leaching operation in the
republic. The project would be impossible without the major support from the
Tyvavian government”, said Denis Alexandrov, CEO of the company. 

Company name: Auriant Mining AB

Short name: AUR

ISIN-code: SE0001337213

Website: www.auriant.com, Postal and visiting address: Engelbrektsplan 2, 4tr 
SE-114 34 Stockholm 

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) and two early stage exploration assets,
one of which, Kara-Beldyr, is a joint venture with the major Canadian gold
producer Centerra Gold. The group’s assets comprise a large number of mineral
licenses held by various subsidiaries. The licenses are estimated to contain
almost 1,000,000 troy ounces (oz, 1 oz = 31.1 g) of gold reserves according to
the Russian standards (GKZ). 

Prior to 25 June 2012 the company was registered under the name Central Asia
Gold AB. (CAG). 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. 




         Dmitry Stankov, Development Director in Auriant Mining AB,
         tel: +7 903 282 30 88
         e-mail:  
         
         Denis Alexandrov, CEO in Auriant Mining AB,
         tel: +7 903 550 48 40
         e-mail: