London, 30 June, 2009: Hidefield Gold plc ("Hidefield" or the "Company", HIF:AIM) is pleased to confirm that further to the announcement made by Hidefield Gold plc ("Hidefield" or "the Company") on 1 May 2009 in respect of the capitalisation of amounts owed by the Company to Hamilton Capital Partners Limited ("Hamilton"), George Robinson and Abdul Rahman Kayed (together the "Lenders"), the Company is pleased to announce that it has issued and allotted 73,135,900 ordinary shares to the Lenders.

Background

Pursuant to a loan agreement dated 30 April 2009 (the "Loan Agreement"), the Lenders consolidated advances made to the Company and formalised the terms of the advances. The Company announced on 1 May that it had reached agreement with the Lenders to capitalise amounts owing by the Company pursuant to the Loan Agreement.

In aggregate, an amount of up to �1,321,359 owing to the Lenders would be released in consideration for the issue of up to 132,135,900 new ordinary shares of 1p each ("Ordinary Shares") at a price of 1p each. Of this amount, 59,000,000 Ordinary Shares were issued to the Lenders resulting in the release of loans totalling �590,000 (the "First Subscription").

The release of the balance of the loans of �731,359 through the issue of 73,135,900 Ordinary Shares (the "Second Subscription") was conditional upon, inter alia, (a) the passing of necessary resolutions at a general meeting of the Company held on 20 May 2009 (the "General Meeting"); and (b) the Lenders not being deemed to be acting in concert with each other for the purposes of the City Code on Takeovers and Mergers (the "City Code").

As announced on 20 May 2009, all resolutions proposed at the General Meeting were passed and the Panel has now ruled that the Lenders are not deemed to be acting in concert for the purposes of the City Code. As a result, the Second Subscription has now taken place.

Resultant Holdings

Following the Second Subscription, Hamilton, George Robinson and Abdul Rahman Kayed hold the following shares in the Company: