20 Oct 2017

As announced on 19 October, the Government of Tanzania ('GoT') and Barrick Gold Corporation ('Barrick'), Acacia's majority shareholder, hosted a press conference in Tanzania yesterday to provide an update on their ongoing discussions.

Acacia notes the furtherBarrick releaseof 19 October which provides additional details regarding the framework agreement signed by Barrick and the GoT on 19 October. Acacia continues to seek further clarification and as yet no formal proposal has been put to Acacia for consideration. Any proposal agreed in principle between Barrick and the Government will require Acacia's approval, and Acacia will consider any agreement once it receives the full details.

A further update will be provided when appropriate.

Acacia Mining plc published this content on 20 October 2017 and is solely responsible for the information contained herein.
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