Directorate Change

22.12.2006

Appointment of Two New Barrick Directors to the Board of Highland Gold

Highland Gold Mining Limited ('Highland'), the AIM quoted Russian gold producer, announces, from 21 December 2006, the appointment of Mr Nicholas Nikolakakis and Mr Rene Marion to the Board of Directors. Mr Nikolakakis, Vice President Corporate Finance at Barrick Gold Corporation of Canada ('Barrick'), will serve as a non-executive director, while Mr Marion, Vice President Russia and Central Asia at Barrick, joins Highland as an executive director and Chief Operating Officer.

This follows the completion on Friday 15 December, 2006 of the share exchange agreement through which Barrick increased its participation in Highland to 34%. As part of this agreement, Barrick had the right to appoint two additional directors to the Board of Highland. The nominations of Mr Nikolakakis and Mr Marion were announced on Wednesday 13 December 2006.

Enquiries:

Duncan Baxter, Corporate Affairs Director +44 (0)1534 814 202
Dominic Palmer-Tomkinson, Investor Relations +44 (0)207 851 6406

www.highlandgold.com


Note:

Nicholas Nikolakakis.

Nicholas Nikolakakis, 39, has been with Barrick since April 2006 where he holds the position of Vice President, Corporate Finance. He was previously Vice President and Chief Financial Officer at Placer Dome, Canada. His knowledge is drawn from senior financial roles within some of Canada's leading energy and mining corporations, combining 12 years of experience in mining and energy acquisitions analysis, operations implementation and development, strategy and change, and all areas of corporate finance. His current responsibilities with Barrick include, capital raising in the public and private markets, management of the balance sheet and long term planning objectives.

The following information is provided in accordance with Rule 17 of the AIM Rules:

(a) holds and has held the following directorships or been a partner in the following partnerships within the past 5 years:
Current directorships and fiduciary responsibilities: None;
Previous directorships in past five years: PlacerDome (KS) Limited, AurionGold (Canada) Limited and Pan Continental Mining (Canada) Ltd;
(b) has no unspent convictions in relation to indictable offences;
(c) has not had any bankruptcy order made against him or entered into any individual voluntary arrangement;
(d) has not been a director of a company which has been placed into receivership, compulsory liquidation, creditors' voluntary liquidation, administration or which has entered into any company voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors, at the time of or within twelve months preceding such events;
(e) has not been a partner of any partnership which has been put into compulsory liquidation, administration or entered into partnership voluntary arrangements, at the time of or within twelve months preceding such event;
(f) has not had a receivership of any asset or of a partnership where he was a partner at the time of or within twelve months preceding such event; or
(g) has not been publicly criticised by statutory or regulatory authorities (including recognised professional bodies) or ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company.

Rene Marion

Rene Marion, 44, has been associated with Barrick for more than 14 years and is currently Barrick's Regional Vice President, Russia and Central Asia. His background combines 21 years of mining experience in operations, operation management and mine engineering in North America with acquisition evaluations, feasibility studies, development and mergers all over the world. Prior to appointment to his current position in 2005 he held various senior posts in Barrick's corporate headquarters in Toronto, Canada including Vice President, Technical Services.

The following information is provided in accordance with Rule 17 of the AIM Rules:

(a) holds and has held the following directorships or been a partner in the following partnerships within the past 5 years:
Current directorships and fiduciary responsibilities: CJSC Federovo Resources, CJSC Barrick Gold Services.
Previous directorships in past five years: Kahama Mining Corporation Limited, Tethyan Copper Company Limited, HB Ventures Netherlands B.V., Taseevskoye Netherlands B.V..
(b) has no unspent convictions in relation to indictable offences;
(c) has not had any bankruptcy order made against him or entered into any individual voluntary arrangement;
(d) has not been a director of a company which has been placed into receivership, compulsory liquidation, creditors' voluntary liquidation, administration or which has entered into any company voluntary arrangement or any composition or arrangement with its creditors generally or any class of its creditors, at the time of or within twelve months preceding such events;
(e) has not been a partner of any partnership which has been put into compulsory liquidation, administration or entered into partnership voluntary arrangements, at the time of or within twelve months preceding such event;
(f) has not had a receivership of any asset or of a partnership where he was a partner at the time of or within twelve months preceding such event; or
(g) has not been publicly criticised by statutory or regulatory authorities (including recognised professional bodies) or ever been disqualified by a court from acting as a director of a company or from acting in the management or conduct of the affairs of any company.