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Peter Hambro Mining (POG)

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Tuesday 27 April, 2004

Peter Hambro Mining

Annual Report and Accounts

Peter Hambro Mining PLC
27 April 2004

Peter Hambro Mining Plc
27 April 2004

Releases Annual Report and Accounts

27 April 2004

PETER HAMBRO MINING PLC today released its Annual Report for the financial year
ending 31 December 2003. The Annual General Meeting will be held at 12 noon on
Friday 28th May 2004 at 11, Grosvenor Place, London SW1X 7HH, notice of which
will de distributed in due course.

Highlights from the Company's 2003 Annual Report, in addition to the Preliminary
Announcement of the Annual Results reported first on the 15th April, include:

   •the Company has announced that its five year goal is to produce 1 million
    ounces of gold per annum from its Pokrovskiy and Pioneer mines;
   •amalgamation of the 3 original pits at Pokrovskiy generates efficiency
    gains and results in a 10% reduction of mining costs;
   •at the Tokur deposit, the Company confirmed a predicted gold-bearing
    mineralisation zone of the Glavniy Fault for 2km and total C & P Reserves
    and Resources of over 27 million ounces at grades varying between 0.7 g/t
    and 10.6 g/t; and
   •in view of the importance attributed by the Board to the Reserves and
    Resources increase, the Board has decided to commission an independent
    review thereof.

Copies of the Annual Report are being distributed to shareholders today.

The Annual Report is also available online at
Additional copies may be requested directly from the company and are available
at the company's head office, 11, Grosvenor Place, London SW1X 7HH.


Alya Samokhvalova Peter Hambro Mining Plc 020 7201 8900
Tom Randell / David Simonson Merlin 020 7653 6620

An investor and analyst workshop hosted by Peter Hambro Mining PLC will be held
at 14.00 (UK time) today, Tuesday 27th April.
The Dial-in number for participants in the UK is +44 (0) 20 8974 7900 and the
pass code is C513611. Replay will be available for seven days after the meeting
has finished. Replay Dial-in number is +44 01296 618 700 and the access number
is 639021.

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