Exercise of Options

2 May 2006 10:00

Highland Gold Mining Limited02 May 2006 Highland Gold Mining Limited Additional shares to trading on AIM. Under the terms of the Share Option Agreement dated 5 August 2005 made betweenJames Cross, the Non-Executive Chairman, and Highland Gold Mining Limited, hehas exercised his options of 500,000 ordinary shares of £0.001 in Highland GoldMining Limited that were exercisable on or after 9 December 2005. Accordingly, application has been made for 500,000 Ordinary Shares of £0.001each arising from the exercise to be admitted to trading on the AlternativeInvestment Market of the London Stock Exchange. The Shares rank pari passu withthe existing Ordinary Shares of the Company and dealings are expected tocommence on Wednesday 3 May 2006. Contact for further details; Duncan Baxter+44 (0)1534 814202duncan.baxter@highlandgold.com This information is provided by RNS The company news service from the London Stock Exchange