AGM Statement

Highland Gold Mining Limited

Board Changes and Annual General Meeting

18 June 2010

Highland Gold Mining Limited ("Highland"), the AIM quoted Russian gold producer, announces, that with effect from 17 June 2010, the resignations from the Board of Directors, as non-executive directors, Ivan Koulakov, who wishes to pursue other interests and Nick Nikolakakis, who has resigned from Barrick Gold Corporation and therefore is no longer their appointee. We take the opportunity to wish both Ivan and Nick well in their future endeavours and thank them for their assistance and support over many years.

At the Annual General Meeting of Highland Gold Mining Limited held on 17 June 2010, all the resolutions, being ordinary resolutions, were passed.

Enquiries:

Highland Gold Mining Limited 

Duncan Baxter, Chairman - +44 (0)1534 814 202

Dmitry Yakushkin, Head of Communications - +7 495 777 3155

Fin Public Relations

Alex Glover - +44 (0) 207 608 2280

JPMorgan Cazenove (Nominated Adviser)

Michael Wentworth-Stanley, Managing Director - +44 (0) 207 588 2828

www.highlandgold.com