Directorate Change

11.07.2012

Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer, announces the appointment of four Executive Directors to Highland's board.

Valery Oif, Highland's Chief Executive Officer, Alla Baranovskaya, Highland's Chief Financial Officer, Sergey Mineev, Highland's Head of Exploration & Capital Projects Development and Andrey Solovyov, Highland's Head of Human Resources & Administration have joined the Board as Executive Directors with effect from 11 July 2012.

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

Enquiries:

Highland Gold;

Dmitry Yakushkin, Head of Communications - + 7 495 424 95 21

Duncan Baxter, Non-Executive Director - + 44 (0) 1534 814 202

Numis Securities Lim ited:

Alastair Stratton / Stuart Skinner, Corporate Finance - +44 (0) 207 260 1000

James Black, Corporate Broking - +44 (0) 207 260 1000