tio

Aricom plc ('Aricom' or 'the Group')

Issue of Garinskoye Licence


Aricom plc (AIM: TIO), the Anglo-Russian developer of mineral resources, today
announces that the results of the tender, as previously announced by Aricom on 5
December 2006, have been formally approved by the Licensing Commission of
Rosnedra, the Agency on the Use of Subsoil of the Ministry of Natural Resources
of the Russian Federation, in Moscow and the licence has been issued to OOO Amur
Mining.


Aricom expects to be in a position to purchase a controlling interest in OOO
Amur Mining, the company holding the licence, on a cost reimbursement basis,
subject to any relevant regulatory approvals.


Further to the 5 December announcement, all references to reserves, resources,
exploration results and mining that were included in the release were approved
for release by Mr Martin Smith, C Eng. BSc (Hons) MIMMM, Technical Director for
Aricom and Mr Alexei Nikandrov, M AusIG, Chief Geologist for Peter Hambro Mining
Engineering, both of whom have more than twenty years experience in the field of
activity concerned and are Competent Persons. Mr Smith and Mr Nikandrov have
consented to the inclusion of the material in the form and context in which it
appears, all of which was derived from the following sources: Garinskoye
Licence Tender Documents; Merloni Group LLC - 'Study for Garinskoye Deposit';
UralGiproRuda Report - 'Project works for Garinskoye Deposit'; and St
Petersburg GiproRuda - 'Report for Garinskoye Deposit'.