Approval of Rodnikova reserves and First repayment

Trans-Siberian Gold plc

Approval of Rodnikova reserves

First repayment of Asacha finance facilities

LONDON: 1 December 2011 - Trans-Siberian Gold plc ("TSG") (TSG.L) is pleased to report that the Russian State Commission for Reserves has approved the expert opinion on the Report on Reserves and Pre-feasibility study of the Rodnikova deposit, with a recommendation for underground mining.

The Commission has recorded Rodnikova's mineral resources as 5.8 million tonnes of ore in the C1+C2 categories, at anaverage grade of 5.3 g/t gold and 44.6 g/t silver, at 2 g/t gold cut-off, with C1+C2 category reserves of 30,887.6 kg gold and 258.3 tonnes silver.

TSG also reports that the first US$1.5 million repayment of the US$43 million finance facilities provided by a Russian bank for the development of the Asacha project was effected on 28 November 2011, three weeks before the due date.

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