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Peter Hambro Mining (POG)

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Wednesday 06 October, 2004

Peter Hambro Mining

Upgrade of Plant

Peter Hambro Mining PLC
06 October 2004



                     Mill up-grade achieves design capacity

06th October 2004

Peter Hambro Mining plc announces that the recently completed up-grade of the
Pokrovskiy resin-in-pulp plant, designed to increase the annual tonnage of ore
processed from 1.0 million tonnes per year to 1.5 million tonnes per year by the
end of 2004, achieved its name-plate production rate on 3rd October 2004.

                                  -Ends-

Enquiries:

Alya Samokhvalova, Director of External Communications    +44 (0) 20 7201 8900
Peter Hambro Mining

David Simonson / Maria Suleymanova                        +44 (0) 20 7653 6620
Merlin




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