APPOINTMENT OF JOINT BROKER

22 November 2012

Highland Gold Mining Limited ('Highland' or the 'Company')

Appointment of Peat & Co as Joint Broker

Highland announces that Peat & Co has been appointed as a joint broker to the Company with immediate effect.

Mr E Shvidler, Chairman of Highland has an interest in Peat & Co.

For further information please contact:  

Highland Gold Dmitry Yakushkin, Head of Communications + 7 495 424 95 21

Duncan Baxter, Non-Executive Director + 44 (0) 1534 814 202

Numis Securities Limited (Nominated Adviser and broker)

Alastair Stratton / Stuart Skinner, Nominated Adviser

James Black, Corporate Broking

+44 (0) 207 260 1000

Peat & Co Charlie Peat, Partner

+44 (0) 207 104 2334