Notification of Significant Holding

21.02.2017

The Company was notified on 20 February 2017 that the attached holdings via the links below represents disposals of indirect voting rights representing 0.03% and 0.05% of the issued share capital of the Company, respectively.

http://www.rns-pdf.londonstockexchange.com/rns/4718X_-2017-2-21.pdf

http://www.rns-pdf.londonstockexchange.com/rns/4718X_1-2017-2-21.pdf

The issued share capital of voting rights of the Company as at 21 February 2017 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Highland Gold

John Mann, 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)

John Prior, James Black

Paul Gillam

+44 (0) 207 260 1000

Peat & Co
(Joint Broker)

Charlie Peat
+44 (0) 207 104 2334