HGM.L Regulatory News (HGM)

14 Oct 2005 07:00

Highland Gold Mining Limited14 October 2005 14 October 2005 The Board of Highland Gold Mining Limited announces that it had approved, witheffect from 22 September 2005, and has now finalised the issue of options over atotal of 3.65 million ordinary shares to Executive Directors and employees ofthe Company, subject to continuing employment. Executive Directors; DmitryKorobov, Denis Alexandrov and Duncan Baxter will receive options over 1.2million, 250,000 and 200,000 ordinary shares respectively. These options arebeing granted pursuant to the Highland Gold Mining Limited's Unapproved ShareOption Scheme. The options are exercisable at a price of 211 pence per share fora period of seven years following the date of the grant, beginning twelve monthsfrom the date of the grant in respect of 25% of their entitlement and a further25% every year thereafter until fully vested, other than in the case of DmitryKorobov whose options are exercisable after three years from the date of grant. For further information, please contact: Highland Gold Mining LimitedAndrey Solovyov +7 095 777 1297 This information is provided by RNS The company news service from the London Stock Exchange