Issue of Equity

AVOCET MINING PLC ('Avocet' or the 'Company')

Issue of Equity

Avocet Mining PLC announces that on 7 June 2010 the Company issued and allotted 95,644 ordinary shares of 5 pence each ('Shares') following the exercise of share options at a price of 132.75p per Share.

Application has been made for the admission of the Shares to trading on the AIM market of the London Stock Exchange with admission expected to occur on or around 11 June 2010.

The issued share capital of the Company is 195,326,897 following this issue of shares,

Contacts:

Jim Wynn, Company Secretary, Avocet Mining PLC, 020 7766 7676

Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700