Directorate Change


Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer, announces, with effect from 16 September 2010, the appointment of Mr James Mavor to the Board of Directors. Mr. Mavor currently holds the position of Vice President and Treasurer at Barrick Gold Corporation of Canada ("Barrick"), and is based at Barrick's head office in Toronto, and will serve as a non-executive director.

Mr Mavor (44) graduated in 1988 from Queen's University with a degree in Electrical Engineering. Subsequently in 1992, he completed his Chartered Accountancy. He joined Barrick in 1994 as Operations Controller.

The appointment follows the agreement with Highland, through which Barrick, whose participation in Highland is 20.3%, have the right to appoint two directors to the Board of Highland. The other director serving on the Board of Highland is Jacques McMullen and both these appointments bring strength to the Board. We are also able to advise that Mr Mavor will become a member of the Audit Committee.

The Board has considered the independence of the directors on the Board and has determined that Mr Mavor, cannot be regarded as independent as he is connected to Barrick, a substantial shareholder.

The Board of Highland and J.P. Morgan Cazenove, as the Nominated Adviser, have reviewed and accepted the nomination and the Directors are pleased to welcome Mr Mavor to the Board.

In respect of the appointment, in accordance with Rule 17 of the AIM Rules, there is no information required to be disclosed pursuant to Schedule 2 paragraph (g) (i) to (viii).


Highland Gold Mining Limited
Duncan Baxter, Chairman - +44 (0)1534 814 202
Dmitry Yakushkin, Head of Communications - +7 495 424 9521

J.P. Morgan Cazenove (Nominated Adviser)
Michael Wentworth-Stanley, Managing Director - +44 (0) 207 588 2828