Site Visit/Barrick Update

RNS Number:0144T
Highland Gold Mining Limited
09 December 2003

9th December 2003

                          Highland Gold Mining Limited

              Analyst site visit / Barrick Gold Corporation update


Highland Gold Mining Limited, the AIM-traded Russian gold mining group, is
hosting a visit to its mining operations at MNV and Darasun in the Russian
Federation for UK, North American and Russian analysts from Tuesday 9th December
until Friday 12th December 2003.

Copies of presentations made during the course of the visit will be made
available on the Company's website www.highlandgold.com.  No information on
current trading will be disclosed during the visit.

Highland Gold announced on 13th October 2003 that Barrick Gold Corporation, one
of the world's largest gold producers, had acquired 10% of Highland Gold's
equity in a share placing. Highland Gold also conditionally agreed to issue a
further 29,577,332 shares at the placing price of 235p per share which, together
with the placing shares, would give Barrick Gold a 29% stake in the Company's
enlarged share capital.

Barrick Gold's due diligence, which includes site visits, is progressing and is
expected to be completed early in the New Year.



ENQUIRIES:

Brunswick
John Sunnucks / Mark Antelme                          + 44 20 7404 5959


Notes to Editors:

Highland Gold Mining, admitted to trading on AIM in December 2002, owns and
operates Russia's third largest producing gold mine, Mnogovershinnoye, and is
developing a portfolio of advanced projects at three other sites: Darasun,
Novoshirokinskoye and Mayskoye. Group production of 178,000 oz in 2002 is
expected to rise to 500,000 oz by 2006. Highland Gold reported net profit of
US$8.5m for the first six months of 2003, and is due to announce preliminary
results for its first full year as a listed company in April 2004.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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