Highland Gold Mining Announces Production Results for the First Quarter of 2016; Reaffirms Production Guidance for 2016

Highland Gold Mining Limited is engaged in establishing a portfolio of gold mining operations within the Russian Federation. The Company operates in four segments: gold production, polymetallic concentrate production, development and exploration, and other. The gold production segment comprises two segments, namely Mnogovershinnoye (MNV) and Belaya Gora (BG). The polymetallic concentrate production segment contains Novoshirokinskoye (Novo). The development and exploration segment contains entities, which hold licenses in the development and exploration-stage, including Kekura, Klen, Taseevskoye, Unkurtash, Lubov and related service entities, including Zabaykalzolotoproyekt (ZZP) and BSC. Mnogovershinnoye is located in the Nikolaevsk area of the Khabarovsk Territory in the far-east of the Russian Federation.