Holding(s) in Company

HIGHLAND GOLD MINING LIMITED - Holdings in Company

21 May 2014

Highland Gold Mining Limited ("the "Company")

Notification of significant holding

The Company was notified on 21 May 2014 that the attached holding via the link below represents an acquisition of indirect voting rights representing 5.17% of the issued share capital of the Company.

http://www.rns-pdf.londonstockexchange.com/rns/7450H_-2014-5-21.pdf

The issued share capital of voting rights of the Company as at 21 May 2014 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 FCA'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

Numis Securities Limited: +44 20 7260 1000

Stuart Skinner (Nominated Adviser)

James Black (Corporate Broking)

Peat & Co: Joint Broker

Charlie Peat: +44 20 7104 2334