Trading Update for the First Half of 2007


Highland Gold Mining Limited (“Highland Gold”, or the “Company”) announces an update on it’s trading for the half year ended 30 June 2007. Financial results for the period will be released on 24 September 2007.

Conference call

Highland Gold will hold a conference call hosted by Henry Horne, Managing director, Rene Marion, COO, and Scott Perry, CFO to discuss this trading update. The conference call will take place at 12:00 UK time (15:00 Moscow time) on Monday, 13 August 2007. To participate in the conference call, please dial one of the following toll-free numbers:

020 8974 7900 United Kingdom
+44 20 8974 7900 International Dial In

Passcode 278 222


If you need help during your conference press * 0 and an operator will be happy to help you. A replay of the conference will be available after the call’s completion. Replay details:

Available from: Tue Aug 14, 2007 at 12:59 AM BST
Available for: 7 days
Freefone dial-in number: 0800 032 9687 (UK BYO)
Direct dial-in number: 0207 136 9233 (UK BYO)
Passcode: 98745158

Commenting on today’s announcement Henry Horne, Managing Director said: "The encouraging dynamics at MNV as a result of a wide ranging set of ongoing initiatives aimed at increasing production and decreasing costs, the debt restructurings initiatives achieved to date and the preliminary agreement reached on the sale of Darasun have put the Company on a very stable footing. Now we look forward to the successful commissioning of Novoshirokinskoye, scheduled for the second half of 2008 and further progress on the Mayskoye and Taseevskoye projects as well as our exploration projects".