Directorate Change

26.04.2006

Moscow. - Highland Gold Mining Limited, the AIM-listed Russian gold producer, today announces the resignation of Mr Denis Alexandrov, Financial Director, who is leaving the company on 1 May 2006 to pursue other business interests. The Board of Directors is grateful for Denis’s contribution in developing the financial practices for the business, strengthening relations with capital markets, for his loyal and professional work over 3 years.

The Company will seek to appoint a new financial director as soon as possible and an announcement will be made in due course.

Commenting on today’s announcement James Cross, Chairman of Highland Gold Mining, said: “We regret the fact that Denis is leaving our team but we fully understand his desire to further his career. We wish him every success in his pursuit of new opportunities in the future.”

For further information please contact:

London: +44 (0) 207 851 6400
Moscow: +7 (495) 777 5529
E-mail: info@highlandgold.com
James Cross, Chairman
Dmitry Yakushkin, Director of Communications