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Peter Hambro Mining (POG)

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Monday 01 August, 2005

Peter Hambro Mining

Appointment of Adviser

Peter Hambro Mining PLC
01 August 2005



1 August 2005
                             Appointment of Adviser

The Board of Peter Hambro Mining plc is pleased to announce with immediate
effect the appointment of JPMorgan Cazenove as its Nominated Adviser. In
addition, JPMorgan Cazenove will also act as Joint Broker to Peter Hambro Mining
along with Canaccord Capital (Europe) Limited.

Commenting on the announcement, Peter Hambro, Executive Chairman, said:
"The company has grown substantially and we feel that the time has come for it
to move its corporate affairs to JPMorgan Cazenove, which has a strong presence
in the secondary market in the company's shares. JPMorgan Cazenove has
demonstrated its powerful presence in the market through its involvement in the
recent fundraising. I am hugely grateful to Tim Hoare and his team at Canaccord
for their success in bringing the company to the market and I look forward to a
continuing relationship with Canaccord in its role as our joint broker."

Enquiries:

Alya Samokhvalova                                   +44 (0) 20 7201 8900
Investor Relations, Peter Hambro Mining

David Simonson / Tom Randell                        +44 (0) 20 7653 6620
Merlin




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