Company Information for Peter Hambro Mining Plc

AIM-POG

www.peterhambro.com

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AIM; POG

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Company Statement

Peter Hambro Mining Plc ranks amongst the top gold producers in Russia with significant assets in a number of regions of the Russian Federation. The Group is also engaged in the acquisition and exploration for prospective gold properties in some of Russia’s leading gold districts. The Group is dedicated to creating value for shareholders by:

Developing reserves
Strengthening the Group's asset base
Increasing earnings per share
Consolidating the Group's financial strength
Controlling production costs

The core assets of the Group are located in the Amur Region, Russian Far East with an operating Joint Venture in the Magadan Region. The Group is also active in Ymal, Buryatiya, Sakha, Chita and Irkutsk.

The Group is committed to the highest standards of environmental management, employee health and safety and support for its neighbouring communities.

The Group was founded in 1994; Peter Hambro Mining Plc's shares have been traded on London’s Alternative Investment Market (AIM) since 2002. In addition to the London Stock Exchange, Peter Hambro Mining Plc has an ADR programme with the Bank of New York. The Group has offices in London, Moscow and Blagoveschensk (Amur region).

Key Facts:

A leading Russian focused gold producer with more than 14 years experience of operating in the Amur region of Russia.
One of the first mining companies with 100% Russian assets to obtain admission of its shares to trading on London’s AIM.
One of the largest gold producers in the Amur Region and in Russia.
Extensive portfolio of assets including 2 principal operating mines in the Amur Region as well as interests in various joint ventures.
One of the lowest cost gold producers in Russia (c.$143/oz in 2007)
Target to become a million oz per annum producer by 2011.

Current Operations

OJSC Pokrovskiy Rudnik (98.6% owned by the Group)/ Pioneer (100% owned by OJSC Pokrovskiy Rudnik)

Pokrovskiy Licence issued on 16 May 1994 by the State Geology Committee of the Russian Federation and was re-issued to JSCP Pokrovskiy Rudnik in 1997. The licence runs until 1 June 2014 and may thereafter be extended with the consent of the licensing authority.
Pioneer Licence issued on 15 Jan 2001 by the Natural Resources Committee of the Amur region to OJSC Pokrovskiy Rudnik and valid until 31 Dec 2013 and may thereafter be extended with the consent of the licensing authority.
The Pokrovskiy mine produced c.121,200 oz in 2007.
1 m oz of gold has been produced at Pokrovskiy since commissioning in 1999.
US$193/oz total cash costs at Pokrovskiy - one of the lowest sosts of production in the global gold mining industry.
Construction of Pioneer's first production line completed on time and on budget. Construction of the all year round cycle at Pionner is on schedule.

Amur North-East Belt (Tokur 100% indirectly owned by Peter Hambro Mining Plc, Voroshilovskoye and Malomir - 100% owned by JSCP Pokrovskiy Rudnik)

Tokur licence issued on 22 November 2002 by the Amur Region Department of Natural Resources of the Russian Federation and valid until 31 December 2013.
The licence for the Voroshilovskoye deposit was acquired in 2003. It includes the Maiskaya and Yubileinaya zones.
The Group acquired the licence for the Malomir deposit in February 2005 in an open auction.
The Albyn licence area was acquired in 2005 and exploration started in 2006.

OJSC YamalZoloto (90% owned by Peter Hambro Mining Plc)

The licences for the area were acquired in April 2004.
Nine prospective mineralisation zones.
Two of the most explored deposits within the licence area: Novogodnee Monto and Petropavlovskoye.

Omchak Joint Venture (50 % owned by Peter Hambro Mining Plc)

In 2003, the Company launched, together with the Russian companies Susumanzoloto and Shkolnoye, Omchak Joint Venture, which acquired interests in the Shkolnoye mine and Berelekh mine in the Magadan Region.
In 2005 Omchak acquired the Uduma deposit in the Republic of Sakha (Yakutia). Omchak also won the auctions for three gold deposits in the Zabaikal Area (Chita region).
Also in 2005 Omchak also acquired 100% of OOO Noviye Tekhnologii and 50% of OOO Zeyazoloto. The operations are alluvial and located in the Amur region near to the Pokrovskiy mine. Necessary preparation works were carried out in the first half of 2007 and gold production commenced in June.
The total attributable gold production (50%) for Omchak was 34,500 oz in 2007.

Rudnoye Joint Venture (50% owned by Peter Hambro Mining Plc)

Rudnoye Joint Venture was established in 2003 with the second largest gold producer in the Amur Region (OAO Priisk Solovyevskiy) as a 50/50 partnership in order to develop hard rock gold assets belonging to OAO Priisk Solovyevskiy using the Group’s expertise. Odolgo is the primary asset of the Rudnoye Joint Venture and is located in the north-west of the Amur Region.
In 2007, total attributable gold production from Rudnoye Joint Venture was 9,200 oz.

Geographical Spread

The Group’s operations are all located in Russia, concentrated in the Amur region, Russian Far East. Omchak is located in the Magadan region and OJSC Yamalzoloto in the northern Urals, in the Yamal-Nenetsk Autonomous District. The Group’s head office is in London

Board of Directors and Key Management

Peter Hambro	Executive Chairman
Dr Pavel Maslovsky	Chief Operating Officer
Alexei Maslovsky	Business Development Director
Andrey Maruta	Finance Director
Alya Samokhvalova	Director of External Communications

Non-Executive Directors
Lord Guthrie
Jay Hambro
Philip Leatham
Sir Rudolph Agnew
Peter Hill-Wood

Company Address

11, Grosvenor Place
London, United Kingdom SW1X 7HH


Telephone:	44 (0) 20 7201 8900
Facsimile:	+44 (0) 20 7201 8901
Email:	corporate[at]peterhambro.com
Website:	http://www.peterhambro.com

Additional Address/Key Contact

Investor Relations contact
Director of External Communications - Alya Samokhvalova

Phone: +44 (0)20 7201 8900
Fax: +44 (0)20 7201 8901
E-mail: as@peterhambro.com

Capital

81,155,052 Ordinary shares of £0.01 each

Annual General Meeting

25 June

Year End

31 December

Nominated Brokers

JP Morgan Cazenove
Canaccord Adams

Nominated Advisors

JP Morgan Cazenove

Major Shareholders

Pavel Maslovskiy & Associates	18.43%
BlackRock Inc	11.94%
Eastbourne Capital Management LLC	3.94%

Most Recent Statement

05/11/08 - Q3 2008 Production Report
22/09/08 - Interim Results
21/07/08 - Trading Update
20/06/08 - Peter Hambro Mining Plc announces release of second and final tranche of funding for Rusoro Mining Ltd
10/06/08 - Peter Hambro Mining Plc announces strategic investment in Rusoro Mining Ltd through a secured exchangeable loan
19/05/08 - Notice of Annual General Meeting

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