Change of Adviser

1 October 2010

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

Appointment of Matrix as NOMAD

Highland announces that Matrix Corporate Capital LLP ('Matrix') has been appointed as nominated adviser to the Company with immediate effect.

In addition, Matrix will act as sole broker to the Company.

For further information please contact:

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

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

Fin Public Relations Alex Glover + 44 (0) 20 7608 2280

Matrix Robin Henshall, Partner +44 (0) 20 3206 7172

Alastair Stratton, Partner +44 (0) 20 3206 7204