Notification of Major Interest in Shares

HIGHLAND GOLD MINING LIMITED - Holdings in Company

29 April 2013

Highland Gold Mining Limited ("the "Company")

Notification of significant holding

The Company was notified on 29 April 2013 that the attached holdings via the links below represent an acquisition of (i) direct and indirect voting rights representing 7% of the issued share capital of the Company; and (ii) direct and indirect voting rights representing 3% of the issued share capital of the Company.

 http://www.rns-pdf.londonstockexchange.com/rns/4766D_-2013-4-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4766D_1-2013-4-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4766D_2-2013-4-29.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4766D_3-2013-4-29.pdf

The issued share capital of voting rights of the Company as at 29 April 2013 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

Numis Securities Limited: +44 20 7260 1000

Alasdair Stratton/Stuart Skinner (Nominated Adviser)

James Black (Corporate Broking)