Directorate Change


Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer, announces, with effect from 9 December 2009, the appointment of Mr Jacques McMullen to the Board of Directors. Mr. McMullen currently holds the position of Senior Vice President, Special Projects 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.

Jacques McMullen (53) graduated in 1977 from Laval University (Quebec, Canada) with a degree in Metallurgical Engineering; subsequently, he completed a Master's Degree in Mineral Processing. He joined Barrick in 1994 as a result of Barrick's acquisition of LAC Minerals. With over thirty years of industrial experience, he has held numerous operating and corporate positions which have involved him internationally with cross-functional expertise applied to operations, feasibility studies, evaluations, project development and start-ups.

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 Nicholas Nikolakakis.

The Board has considered the independence of the directors on the Board and has determined that Mr McMullen, 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 McMullen 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