Name of applicant:

Highland Gold Mining Limited

Name of scheme:

The Highland Gold Mining Limited unapproved share option scheme

Period of return:

From:

3/2/2009

To:

3/8/2009

Balance of unallotted securities under scheme(s) from previous return:

4,130,000

Plus:  The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

NIL

Less:  Number of securities issued/allotted under scheme(s) during period (see LR3.5.7G):

NIL

Equals:  Balance under scheme(s) not yet issued/allotted at end of period:

4,130,000

Name of contact:

Duncan Baxter/Chloë Blampied

Telephone number of contact:

+44 1534 814740