Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces its production update at the Asacha Gold Mine for the three months ended 31 December 2019 ('Q4' or the 'Period') and for the 12 months ended 31 December 2019 ('FY19').

Q4 Highlights

Gold revenues of $18.3 million (Q4 2018: $20.1million)

Average realised gold price of $1,489/oz (Q4 2018: $1,228/oz)

Gold production of 8,970 oz (Q4 2018: 13,069 oz)

Average gold grade of 6.0 g/t (Q4 2018: 9.1 g/t)

Gold sales of 12,302 oz (Q4 2018: 16,399 oz)

1 lost-time injury during Q4 2019

FY19 Highlights

All-time record annual gold production of 43,479 oz, representing a 3.2% YoY increase (FY 2018: 42,128 oz)

Record annual revenue at $63.1 million, up by 5.5% YoY (FY 2018: $59.8 million)

Significant increase in estimated average gold price of 10.6% YoY at $1,399/ oz (FY 2018: $1,265/ oz)

Average gold grades 6.2% higher YoY at 7.8 g/t (FY 2018: 7.4 g/t)

7 lost-time injuries, zero fatalities during FY 2019 Alexander Dorogov, Chief Executive Officer of TSG, commented: 'We are extremely pleased with Trans-Siberian Gold's performance in 2019. I am delighted to report that we have comfortably hit the upper end of our annual production guidance with a total gold output of 43,479oz for 2019. Corresponding with record production and favourable gold prices, we are pleased to report all-time record revenue of approximately $63 million for the year. We have worked hard to improve the efficiency of our operations and our understanding of the orebody at the Asacha Gold Mine, which is reflected in these results. We have an aggressive exploration and development plan for Asacha which is well underway. We look forward to providing formal guidance for 2020 shortly.'

Contact:

Stewart Dickson

Tel: +44 (0) 7799 694195

About TSG

TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.

Market Abuse Regulations

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Disclaimer

This announcement contains 'forward-looking statements' - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'should' or 'will.' Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

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