Director/PDMR Shareholding

22.06.2010

The Company was advised on 21st June 2010, that Ivan Koulakov, Non-Executive Director, sold, on the 16th June 2010, 500,000 ordinary shares at a price of 160.05 pence per share. Mr Koulakov retains 18,372,500 ordinary shares of £0.001 in the Company, representing 5.65% of the issued share capital. Mr Koulakov resigned as a Non-Executive Director on 17th June 2010.

The issued share capital and total number of voting rights of the Company at the 21st June 2010 is 325,197,098 ordinary shares of £0.001 per share. The figure of 325,197,098 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 for further details:
Duncan Baxter
+44 (0)1534 814202
duncan.baxter@highlandgold.je