Holding(s) in Company

30.04.2012

Highland Gold Mining Limited ("the Company")
Notification of significant holding

The Company was notified on 30 April 2012 that following the acquisition of 9,742,000 shares in the Company that Peter Elam Hakansson and his connected parties now have an interest in 11,101,386 Ordinary Shares of £0.001 per share each in the Company. This represents 3.41% of the issued share capital of the Company.

The above holding is registered as follows:

Registered Holder Holding
East Capital Russian Fund 2.04%
East Capital European Fund 0.55%
East Capital (Lux) Russian Fund 0.30%
East Capital (Lux) Eastern European Fund 0.11%
Captapel Ltd 0.41%
Total 3.41%

The issued share capital and total number of voting rights of the Company at 30 April 2012 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
Duncan Baxter, Chairman:

+ 7 495 424 95 21
+ 44 (0) 1534 814202
   
Numis Securities Limited:
Alastair Stratton / Stuart Skinner (Nominated Adviser)
James Black (Corporate Broking)
+44 20 7260 1000