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Peter Hambro Mining (POG)

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Monday 17 September, 2007

Peter Hambro Mining

Management Co Appointment

Peter Hambro Mining PLC
17 September 2007



17th September 2007

              Appointment of Deputy Chairman at Management Company

Peter Hambro Mining plc ("PHM") announces that Mr Mikhail Shelkov, Director
General of LLC "OboronImpex" itself a financial and investment company of ROE
group, a company that holds interests in a number of metallurgical assets in
Russia, has agreed to become the Deputy Chairman of Management Company Peter
Hambro Mining ("MC PHM").

MC PHM, which is a Russian company, is one of the mining services companies in
the PHM Group and it supplies construction, engineering and analysis services,
on an arm's length contractual basis, amongst others to Aricom PLC. Aricom and
LLC "OboronImpex" have today announced the signature of a co-operation agreement
covering potential collaboration in international mining ventures.

Mikhail Yevgeniy Shelkov graduated in 1991 from the Moscow Physics and Technology
Institute and qualified as an economist at the International University of 
Business & Management.

Peter Hambro, Chairman said:

"MC PHM is our domestic service company which specializes in mining analysis,
development and operation. Aricom is one of MC PHM's largest contracts and this
new co-operation agreement is very helpful for both companies. To aid the
process Mr Shelkov will be appointed to the Board and we look forward to working
with him."


Enquiries:

Peter Hambro        Executive Chairman           +44 (0) 20 7201 8900

Tom Randell         Merlin                       +44 (0) 20 7653 6620

Patrick Magee       JPMorgan Cazenove            +44 (0) 20 7155 4525


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