HGM.L Regulatory News (HGM)

25 Oct 2007 07:00

Highland Gold Mining Limited25 October 2007 Highland Gold Mining Limited Appointments 25 October 2007 Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer,announces, from 24 October 2007, the appointment of Scott Perry to the Board ofDirectors. Scott Perry, joined Highland Gold as Chief Financial Officer inDecember 2006. This follows the resignation of Rene Marion from the Board, witheffect from today's date. Scott Perry is appointed in accordance with the shareexchange agreement of December 2006, through which Barrick increased itsparticipation in Highland to 34%, and had the right to nominate additionaldirectors to the Board of Highland. The Directors have reviewed the nominationand are pleased that Mr Perry is joining the Board. Enquiries: Duncan Baxter, Corporate Affairs Director +44 (0)1534 814 202Michael Wentworth-Stanley,JPMorgan Cazenove (Nominated Adviser) +44 (0) 207 588 2828 www.highlandgold.com Note: Scott Perry, 31, has been associated with Barrick for 9 years of which, in thelast year, Scott has been directly seconded to Highland Gold to serve as thecompany's Chief Financial Officer. Prior to joining Highland Gold, Scott wasBarrick's Director, Finance, Russia and Central Asia. His experience beforecoming to Russia in January 2006 includes financial reporting, management andanalysis for Barrick's two biggest business units which are North America andAustralia/Pacific. Prior to Barrick, Scott worked for Normandy Mining Ltd.,which is now part of the Newmont group. Scott is a qualified practicingaccountant and a member of Australian Association of Certified PracticingAccountants. The following information is provided in accordance with Rule 17 of the AIMRules: (a) holds and has held the following directorships or been a partner in the following partnerships within the past 5 years: None; Current directorships and fiduciary responsibilities: None; Previous directorships in past five years: None; (b) has no unspent convictions in relation to indictable offences; (c) has not had any bankruptcy order made against him or entered into any individual voluntary arrangement; (d) has not been a director of a company which has been placed into receivership, compulsory liquidation, creditors' voluntary liquidation, administration or which has entered into any company voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors, at the time of or within twelve months preceding such events; (e) has not been a partner of any partnership which has been put into compulsory liquidation, administration or entered into partnership voluntary arrangements, at the time of or within twelve months preceding such event; (f) has not had a receivership of any asset or of a partnership where he was a partner at the time of or within twelve months preceding such event; or (g) has not been publicly criticised by statutory or regulatory authorities (including recognised professional bodies) or ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company. This information is provided by RNS The company news service from the London Stock Exchange