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Peter Hambro Mining (POG)

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Wednesday 29 November, 2006

Peter Hambro Mining

Media Speculation statement

Peter Hambro Mining PLC
29 November 2006

29 November 2006

                            Peter Hambro Mining PLC

                         Statement on Media Speculation

Peter Hambro Mining is aware of the remarks attributed to Rosprirodnadzor (the
environmental watchdog) which is responsible for environmental matters, which
imply that inspections of some or all of the Group's mining licences in Russia
may be instigated in the future.  Peter Hambro Mining welcomes any and all
official inspections of its operations.

All the Group's operations are regularly inspected from an environmental and
health and safety point of view.

In this context, Peter Hambro Mining is not aware of any material environmental
or health and safety regulatory infractions.

Separately the Group is also aware of the report on the Ministry of Natural
Resources' website that suggests that a routine inspection of the Groups assets
suggests there are deficiencies in technical reporting on the Group's
exploration assets in the Yamal region.  This inspection resulted in a penalty
payment of approximately Roubles 10,000 (US$400).

Commenting on the report, Mr Peter Hambro, Executive Chairman said:

"The Company did not receive any prior notification whatsoever on this matter
and its representatives are in discussion with the Ministry and the relevant
authorities seeking clarification on these comments.".

Peter Hambro, Executive Chairman
Peter Hambro Mining Plc              +44 (0) 207 201 8900

Tom Randell / Maria Suleymanova      +44 (0) 207 653 6620

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