Trans-Siberian Gold plc (TSG.LN), a high grade gold producer in Russia, is pleased to provide its production and cost guidance for 2020 together with a dividend update.

All amounts are expressed in US dollars.

Guidance

TSG is expecting 2020 gold production of between 38,000 and 42,000 ounces, closely in line with recent performance.

The Company expects Total Cash Costs1 for 2020 to remain within the range of $780 and $860 an ounce, with All-In Sustaining Costs2 of between $900 and $1000 per ounce.

Significant operating cash flows and existing financing enable TSG to reinvest aggressively in resource expansion and discovery drilling at the high-grade Asacha Gold Mine, as well as progressing with the evaluation of the Rodnikova gold deposit.

Alexander Dorogov, Chief Executive Officer of TSG, commented: 'Following a record year of operational performance and revenues, we are extremely well placed to push forward with our drilling campaign focused on expanding the mineral resource at our flagship asset; the Asacha Gold Mine. We plan to commence mining in the East Zone of the mine this year and as a result maintain stable gold production and cost performance. We look forward to continuing to invest in our operations and adding value for all our stakeholders. The Company reiterates its firm commitment to continue returning capital to its shareholders through dividends in the coming year.'

Contact:

Email: enquiries@trans-siberiangold.com

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