Holding(s) in Company

Highland Gold Mining Limited - Holding(s) in Company

17 December 2012

Highland Gold Mining Limited ("the Company")

Notification of significant holding

The Company was notified on 13 December 2012 the attached holding via the links below representing 5.02% of the issued share capital of the Company.

http://www.rns-pdf.londonstockexchange.com/rns/6208T_-2012-12-14.pdf

http://www.rns-pdf.londonstockexchange.com/rns/6208T_1-2012-12-14.pdf

The issued share capital and total number of voting rights of the Company at today's date is 325,222,098 ordinary shares of £0.001 per share. The figure of 325,222,098 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FSA's Disclosure and Transparency Rules.

Contact:

Highland Gold

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

Duncan Baxter, Non-executive Director: + 44 (0) 1534 814202