Further Equity Subscription in Highland Gold

16.01.2008

Highland Gold announces that Millhouse LLC has completed its second subscription for 65,050,000 new ordinary shares in Highland Gold at a price of 151 pence per share. These new ordinary shares will be admitted to trading on the AIM Market of the London Stock Exchange at 8.00 today. Millhouse LLC has a 40% interest in the issued share capital of Highland Gold.

The issued share capital of Highland Gold from today is 325,014,450 ordinary shares of £0.001 per share.