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Peter Hambro Mining (POG)

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Thursday 06 July, 2006

Peter Hambro Mining

Board and management changes

Peter Hambro Mining PLC
06 July 2006


6 July 2006
                            
                             Peter Hambro Mining PLC
                          Board And Management Changes 

Peter Hambro Mining PLC ("PHM") announces the following changes to its
management team and Board of Directors with effect from 14th July 2006.

Dr Pavel Maslovskiy, presently Deputy Chairman of PHM, will also take on the
role of Chief Operating Officer. This role reflects Dr Maslovskiy's increasing
role in the day to day management of the operations and the construction and
development of the future operations.

The Deputy Finance Director, Mr. Andrey Maruta, will become Finance Director.
Mr. Philip Leatham, who has been the non-executive Finance Director, remains on
the board as a non-executive director.

Mr. Alexei Maslovskiy, presently Treasurer of PHM, will also take on the role of
Business Development Director from Mr. Jay Hambro. Jay Hambro is giving up his
executive duties with PHM in order to become Chief Executive of Aricom plc. Jay
Hambro will remain a non-executive director.

Commenting on the changes, Peter Hambro, Executive Chairman of Peter Hambro
Mining said:

"Pavel Maslovskiy played a vital role in the development of the Pokrovskiy
operations and I am delighted that he continues this level of involvement as PHM
moves forward on the road to quadrupling its annual production. Pavel and I have
worked together for more than 12 years and formalising his position as Chief
Operating Officer complements my role as Executive Chairman. I have every
confidence in the team's ability to continue to deliver projects on time and on
budget.

Jay Hambro has done a great job for the company and he will be missed by both
colleagues and shareholders and we wish him every success in undertaking his new
tasks. We believe that, with Andrey Maruta's promotion to Finance Director and
Alexei Maslovskiy's greater involvement in the business development, the Group
is well positioned to manage its current operational activities and achieve its
growth targets."

Enquiries:

Alya Samokhvalova or Marianna Adams                      +44 (0) 207 201 8900
Peter Hambro Mining                                       www.peterhambro.com

David Simonson or Tom Randell                            +44 (0) 207 653 6620
Merlin




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