The Company has recently recruited Russell Tremayne to the position of Deputy Operations Director. Alexander Ivanov has also been appointed as the new Chief Engineer at the MNV mine.

Russell Tremayne has been appointed to the position of Deputy Operations Director for the group and will report to the Chief Operating Officer. Initially his time will be devoted to the MNV and Darasun mines, where he will assist the mine managers and their teams as they work towards the implementation of western best practices at the mines. Russell is a mining engineer with over 30 years experience, and has held positions at mines in the UK, Portugal, Zimbabwe, Greece, Bulgaria and Brazil. His most recent position has been Manager of Mining at Kinross Gold’s Kubaka gold mine in the Magadan region of North East Russia.

Alexander Ivanov has been appointed to the position of Chief Engineer at the MNV mine. Alexander received his degree in mine engineering from the Krasnoyarsk Institute of Non-Ferrous Metals. His 25 years of experience in Russian mining includes positions at the underground mines in Norilsk and in the Ural copper belt. His most recent position was as manager of the Dukat silver mine in the Magadan region of North East Russia.

As previously reported, Gennady Nevidomi has resigned his board and executive position as the group’s Production Director effective from 2 August 2005. Gennady played an important role in the formation of Highland Gold and we wish him well in his future activities.