Company Information for Hidefield Gold Plc

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Company Statement

Hidefield Gold is a publicly listed company trading on the Alternative Investment Market (AIM) of the London Stock Exchange. The strategy of the Company is to acquire and develop highly prospective mineral projects in North and South America. The Company has a diverse portfolio of projects, some of which are directly held, however the majority of which are held in independent, self-funded associate companies. Rather than concentrating on only one or two projects, the management of Hidefield Gold believes the best way to maximise opportunity, while reducing the considerable risks associated with mineral exploration, is to:

• identify and acquire a number of quality projects at the lowest cost possible, and
• have a number of these projects independently funded and managed by associate companies within which Hidefield Gold maintains a substantial shareholding, board representation and can maximize value by contributing strong industry partner relationships.

Currently Hidefield Gold's North American assets are held and managed by several associate companies, whereas Hidefield Gold's directly owned exploration projects are in Alaska, Brazil and Argentina. The Company is also expanding its activities in Argentina where it is participating in a gold prospecting syndicate with strong and well respected local partners.

Current Operations

Argentina
Patagonia is a large physiographic area making up the southern one third of Argentina and is considered by the Company to be highly prospective for gold and under-explored relative to similarly important gold provinces throughout the world. The East Santa Cruz properties include twenty four gold exploration and development licences, comprising six individual projects totalling over 200,,000 hectares, title to four ranches totalling approximately 60,000 hectares providing surface rights for the two most developed projects, and additional fixed assets in the form of two well equipped field camps, offices, vehicles and other facilities.

All of these assets are located within areas of excellent infrastructure in eastern Santa Cruz Province, Argentina. Based upon only limited exploration, Yamana (the property's former owners) estimated that the principal East Santa Cruz projects, Martinetas and La Paloma, contain resources at Martinetas and La Paloma of 136,000 ounces gold in several veins with a weighted average grade of 12.2 grammes gold per tonne. Until recently, exploration of these veins had been limited to only 100 metres. Over the past 12 months the Company completed  two drilling programs totaling 15,000 metres which resulted in the reporting of significant intersections of high grade gold and confirmed the deposits remain open on strike and at depth.

The Company has engaged Independent Engineers of Perth, Australia, to carry out an initial resource estimate as part of an economic scoping study for potential mine development at East Santa Cruz.  The less developed properties also contain a large number of incompletely tested gold occurrences, both vein and bulk tonnage targets and these will become the focus of further evaluation.   This is expected to be completed during the first half of 2007.

Alaska
The "Golden Zone" property is located 240 km north of Anchorage and consists of mineral claims totalling over 8,000 hectares. The "Golden Zone" (GZ) Breccia Pipe contains a 43-101 compliant, measured and indicated resource (with an average grade of 2.81 g/t and using a 1.0 g/t per gold cut-off) of 2,801,371 tonnes, containing approximately 253,000 ounces of gold, 1,180,000 ounces of silver and 6,114,000 pounds of copper. A revised resource estimate based on the 2005 drill program is pending.

The South Estelle property is located approximately 175 km northwest of Anchorage and 230 km southwest of the Golden Zone project. South Estelle adjoins Kennecott's Whistler copper-gold property to the northeast and privately-held On Line Exploration's Mt. Estelle gold property to the north. AngloGold Ashanti's Terra prospect lies 30 km to the west. An extensive mineral sampling program was undertaken by Hidefield in 2006.

Associate Properties:
Alto Ventures Ltd. -31%
Columbus Gold Corp. - 22%

Geographical Spread

The Company’s projects span the Americas, from Alaska to Argentina. Drilling is planned in 2007 on the Company’s directly held projects in Argentina an in addition, associated companies, Alto Ventures and Columbus Gold will also be drilling in the course of the year on their properties in Quebec and Ontario, and Nevada respectively.

Board of Directors and Key Management

Kenneth Judge – Chairman of the Board & Director

John Prochnau – CEO & Director

Ken Bone – Finance Director

Francis Johnstone – Non Executive Director

Robert Ashley – Non Executive Director

Company Address One America Square Crosswall London, United Kingdom EC3N 2SG Telephone: +44(0)207 581 0111 Facsimile: +44(0)207 581 4477 Email: info[at]hidefieldgold.com Website: http://www.hidefieldgold.com

Additional Address/Key Contact Suite 910 - 475 Howe Street Vancouver, BC, V6C 2B3 Canada

Capital Shares issued: 275,322,651 Fully diluted: 308,611,936

Year End 31st December

Nominated Brokers Landsbanki Securities (UK) Limited

Nominated Advisors Hanson Westhouse Limited

Broker/Analyst Reports

17/11/06 - Westhouse Securities

Major Shareholders

Anglo Pacific	22.01%
JP Morgan Asset Management	8.7%
Yamana Gold	6.5%
Hamilton Capital Partners	7.25%
Brazilian Diamonds Ltd.	3.49%
UBS, Zurich	4.8%
Piper Capital Inc.	4.5%
Mr. George Robinson	6.14%
Matterhorn Investment Management	3.3%
Charles Stanley	3.2%

Related News

27/02/08 - Hidefield Prioritises in Argentina And Moves Ever Closer To Production

Most Recent Statement

08/12/08 - EGM Result
13/11/08 - Notice of EGM
05/11/08 - Total voting rights
29/09/08 - Unaudited Interim Results for the Six Months Ended
28/07/08 - AGM Result and Directorate Change
25/07/08 - Convertible Loan Financing