Appointment of Executive Directors
Highland Gold Mining Limited, the AIM traded Russian gold mining group, announces the appointment of Mr Dmitri Korobov and Mr Gennady Nevidomi, as Executive Directors of the Company, with effect from the 22 May 2003.
Peter Daresbury, Chairman of Highland Gold, said:"I am delighted to welcome Dmitri and Gennady onto the Board. They bring a vast amount of knowledge and expertise in gold mining in far Eastern Russia and they both played an important role in the preparations for the acquisition of the Company's portfolio of gold mining projects and Highland Gold's admission to AIM. They continue to make a significant contribution to the commercial and technical requirements of the group in Russia.
"The Board of Highland Gold demonstrates a balance of the industrial, country specific and capital markets expertise that is required to fulfil our strategic goals of acquisitions, development and consolidation within the Russian gold mining sector."
There is no further information that is required to be disclosed under paragraph (f) of Schedule 2 of the AIM Rules.Enquiries:
|W.H. Ireland||David Youngman||+44 (0) 161 832 2174|
|Brunswick||Mark Antelme||+44 (0) 20 7404 5959|
Notes to Editors:
Dmitri Korobov (Aged 31) - General Director, OOO Russdragmet (RDM) Dmitri Korobov graduated as a mechanical engineer from the Department of Materials and Technology at Moscow State Technical University, Bauman. He became deputy general director of ZAO Oil Finance in 1997 and then a director of ZAO MNV in 1998. Since that timehe has been instrumental in the development of ZAO MNV and is now responsible for RDM, the company which manages the group's Russian operations in Moscow.
Gennady Nevidomi (Aged 31) - Production Director, OOO Russdragmet (RDM) Gennady Nevidomi graduated as a mechanical engineer from the Department of Materials and Technology at Moscow State Technical University, Bauman. He was head of the analytical department of ZAO Oil Finance from 1997 until 2000 when he was appointed head of the Moscow office of ZAO MNV. In 2003, he was appointed a Director of RDM and is responsible for planning and production at the Company's mining operations.
Other members of Highland Gold's Board are: Peter Daresbury: Executive Chairman Ivan Koulakov: Managing Director Duncan Baxter: Director responsible for Finance James Cross: Non-Executive Director Michael Pleming: Non-Executive Director Christopher Palmer-Tomkinson: Non-Executive Director