Director/PDMR Shareholding

11.07.2013

Highland Gold Mining Limited (the "Company")

Notification of Director's interest in shares

The Company was notified on 11 July 2013 of the acquisition by parties connected with Eugene Shvidler, Non-Executive Chairman, on 10 July, of 2,174,351 ordinary shares of £0.001 per share in the Company at 52.5 pence per share. As a result, Mr Shvidler with connected parties now has an interest of 37,233,596 ordinary shares of £0.001 per share in the Company, representing 11.45% of the issued share capital.

In addition, the Company was notified on 11 July 2013 of the acquisition by parties connected with Valery Oif, Chief Executive Officer and Director, on 10 July, of 310,622 ordinary shares of £0.001 per share in the Company at 52.5 pence per share. As a result, Mr Oif with connected parties now has an interest of 14,507,453 ordinary shares of £0.001 per share in the Company, representing 4.46% of the issued share capital.

The issued share capital and total number of voting rights of the Company at 11 July 2013 is 325,222,098 ordinary shares of £0.001 per share. The figure of 325,222,098 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FSA's Disclosure and Transparency Rules.

Contact:

Highland Gold

Dmitry Yakushkin, Head of Communications: +7 495 424 95 21
Duncan Baxter, Non-executive Director: +44 (0)1534 814202

Numis Securities Limited: +44 20 7260 1000
Stuart Skinner/John Prior (Nominated Adviser)
James Black (Corporate Broking)