Drilling Report

    HIDEFIELD GOLD PLC                               

 SIGNIFICANT HIGH GRADE GOLD REPORTED IN PHASE II DRILLING AT EAST SANTA CRUZ, 
                                   ARGENTINA                                   

             LAND POSITION EXPANDED WITH ADDITION OF NEW LICENCES              

Hidefield Gold plc ("Hidefield" or the "Company", HIF:AIM) is pleased to report
that high grade gold mineralization has been intercepted in the first two core
holes from the Company's second phase drilling programme that commenced in late
September at the East Santa Cruz gold project, Argentina.

Drill holes S-D06-14 and 15, both located at the south end of the Sulfuro vein
in the La Paloma sector of the project area, respectively intercepted 18.58 gpt
gold along 5.75 metres (8.73 gpt with high grade intervals cut to 34.3 gpt) and
90.56 gpt along 6.00 metres (21.70 gpt with high grade intervals cut to 34.3
gpt).

Drilling to date on the Sulfuro vein has outlined three zones of gold
mineralization, with a collective length of 400 metres and vertical depths of
up to 100 metres within an overall strike length at surface of one kilometre.
These zones remain open along strike and at depth.

The current drill programme comprising 8,000 metres in about 70 core holes is
designed to infill and extend the zones outlined in the first phase programme
completed earlier this year. Drilling to date has been focused on the Sulfuro
and Arco Iris veins at La Paloma and the Coyote, Cerro Oro, and Armadillo veins
in the Martinetas area.

Following are full results for Sulfuro holes S-D06-14 and 15.

 Drill Hole   From (m)     To (m)   Thickness (m)     gpt Au       gpt Ag   
                                                                            
  S-D06-14      75.00      76.10        1.10           3.13         46.78   
                                                                            
                77.65      83.40        5.75          18.58         18.80   
                                                                            
                                        5.75        8.73 (cut)              
                                                                            
                                 Including                                  
                                                                            
                81.15      82.60        1.45          67.22         35.07   
                                                                            
                                        1.45       28.14 (cut)              
                                                                            
  S-D06-15     102.00      108.00       6.00          90.56         81.56   
                                                                            
                                        6.00       21.70 (cut)              
                                                                            
                                 Including                                  
                                                                            
               103.00      106.70       3.70          144.98       121.19   
                                                                            
                                        3.70       33.31 (cut)              
                                                                            
                                         And                                
                                                                            
               104.00      105.00       1.00          386.00       146.00   
                                                                            
                                                    34.30(cut)              

NOTE: Intervals represent approximately 90% of true thickness.

The Company is also pleased to report the issue of seven new exploration
licences, totaling approximately 69,250 hectares, at East Santa Cruz. These new
licences cover prospective lands adjacent to the Martinetas, Microonda, Chispes
and Estrella sectors of the Company's original project area and bring total
holdings in the area to 203,000 hectares.

Commenting on recent progress at East Santa Cruz, John Prochnau, Hidefield's
CEO, said: "The exceptional results from the first Phase II drill holes on the
Sulfuro vein, as well as results from the initial programme completed earlier
this year, are very encouraging. The Company is pressing ahead to complete
resource delineation work towards potential mine development with an economic
scoping study planned to be completed by the first quarter 2007."

John Prochnau BSc (Mining Engineering), MSc (Geology), Hidefield's Chief
Executive Officer, has reviewed and approved the content of this announcement.

Editor's Note:

About Hidefield

Hidefield is a gold company with a focus on the acquisition and development of
highly prospective projects in North and South America. The Company has a
diverse portfolio of projects, those of which in South America are directly
held as are the projects in Alaska, while those in Canada, Nevada and Arizona
are held in independent, self-funded associate companies.

Hidefield's substantial direct gold project interests are principally in
Argentina where the Company is actively exploring the advanced stage East Santa
Cruz gold project in Santa Cruz Province and operates in joint venture with
Minera Sud Argentina S.A. with which it is currently exploring a number of gold
exploration licenses in the Patagonian provinces of Santa Cruz, Chubut, and Rio
Negro. In Brazil the Company is focused on the evaluation of the advanced stage
Cata Preta gold project near the historic city of Ouro Preto in the productive
Quadrilatero Ferrifero region of Minas Gerais state.

In Alaska Hidefield has a 60% interest in the Golden Zone and South Estelle
mineral projects and an option to earn up to 100% interest, subject to a 2.5%
NSR, by making a series of staged cash, share and property expenditures. The
Golden Zone property is located 240 km north of Anchorage and contains a
measured and indicated resource of approximately 253,000 ounces of gold,
1,180,000 ounces of silver and 6,114,000 pounds of copper. The South Estelle
property is located approximately 175 km northwest of Anchorage and 230 km
southwest of the Golden Zone project and adjoins Kennecott's Whistler
copper-gold property.

For more information on Hidefield go to www.hidefieldgold.com

For further information on this release, please contact:

Hidefield Gold Plc                              + 44 773 300 1002         
                                                                          
Ken Judge, Chairman                             + 44 207 590 5503         
                                                                          
Investor Relations                                                        
                                                                          
Paul Ensor                                                                
                                                                          
Hanson Westhouse LLP (Nomad to the Company)     + 44 113 246 2610         
                                                                          
Tim Feather                                                               
                                                                          
Teather & Greenwood: Landsbanki Limited (Broker + 44 207 426 9000         
to the Company)                                                           
                                                                          
James Maxwell                                                             



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