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Peter Hambro Mining (POG)

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Monday 10 October, 2005

Peter Hambro Mining

Analyst and Investor Visit

Peter Hambro Mining PLC
10 October 2005

                Peter Hambro Mining Plc ("PHM" and the "Group")

                           Analyst and Investor Visit

On October 8th and 9th PHM facilitated a site visit for analysts and investors
to its operations at Pokrovskiy and Pioneer. Analysts and investors had the
opportunity to meet the management team, review the operations and discuss the
potential of the Group's facilities.

During the trip the Group confirmed that it is well on its way to meeting the
production target announced for this year and discussed its ability to meet the
million oz. production target set for 2009.

The visit included an opportunity to see the Group's new laboratory facilities
which have been processing the assay samples from the Pokrovskiy Flanks and from
Pioneer. Although this work is ongoing, and needs to be incorporated into the
Group's MicroMine model, the results (particularly at Pioneer) are very
encouraging. Samples from the high grade ore columns, which, were discussed in
the 20th July announcement "Pioneer Reserves and Resources Update", indicate
significant gold mineralization in these columns with occasional exceptional
grades. PHM continues to evaluate the Pioneer deposit and believes that it is
amenable to a large scale mining and processing operation.

Investor Relations, Peter Hambro Mining
Alya Samokhvalova (Director of External Communications) /
Marianna Adams                                           +44 (0) 20 7201 8900

Tom Randell / Maria Suleymanova                          +44 (0) 20 7653 6620

                      This information is provided by RNS
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