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High River Gold Announces Change to the Board of Directors and Inclusion in FTSE Gold Mines Index

Friday, May 28th, 2010

High River Gold Mines Ltd. (TSX:HRG) announced today the resignation of Richard Ogdon from the Board of Directors.
Polenica Investments Limited, an affiliate of Troika Dialog Group (“Troika”), which previously owned 150,000,000 shares or about 18.76 % of the Company, has decided to divest its position in High River. The company was informed that Severstal Gold N.V., a subsidiary of OAO Severstal, acquired 150,000,000 shares of the Company. As a result, Severstal Gold N.V. increased its shareholding in High River to approximately 68.88%.
In connection with above mentioned transaction, Richard Ogdon being Troika’s nominee decided to resign from the Board of Directors. Management and the Board of Directors of High River thank Mr. Ogdon for his service as a director.
High River was also informed about its inclusion in FTSE Gold Mines Index effective after the close of business on Friday, 18 June 2010, i.e. on Monday, 21 June 2010.

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