HGM.L Regulatory News (HGM)

Highland Gold Mining Limited

Board Changes

22 December 2011

Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer, announces, having been advised on 21 December 2011, the resignation of Jacques McMullen from its Board of Directors with effect from 14 December 2011.

Jacques McMullen has left Barrick Gold Corporation ("Barrick") to pursue other interests. He was a Barrick nominated director and hence the requirement for him to stand down. He has been invaluable to Highland since his appointment in December 2009 and was a member of the Health and Safety Committee. We take the opportunity to wish Jacques well in his future endeavours and thank him for his assistance and support over the last two years.

www.highlandgold.com