HIF Hidefield Gld

    HIDEFIELD GOLD PLC                               

                     COMPLETION OF CATA PRETA TRANSACTION                      

Hidefield Gold plc ("Hidefield" or the "Company") announces that the Company
has issued and allotted 2,500,000 ordinary shares of 1p each to BSG
Investments, Inc., a wholly owned subsidiary of Brazilian Diamonds Limited
("Brazilian Diamonds") as consideration for the acquisition of a 50 per cent.
interest in the Cata Preta Gold Project, which was announced on 4 November
2005. These shares have now been issued following the finalisation of
outstanding completion issues.

Brazilian Diamonds now has a holding of 14,625,000 ordinary shares,
representing 5.98% per cent. of the issued share capital of the Company.

As announced on 26 January 2005, Hamilton Capital Partners Limited ("Hamilton")
and Rock Capital Partners Limited ("Rock Capital") hold options to acquire
11,125,000 and 1,000,000 respectively of the ordinary shares in Hidefield owned
by Brazilian Diamonds. These options are exerciseable at 6p per share within
three years of the date of grant. Hamilton is a company with which Kenneth
Judge, who is Chairman of both Hidefield and Brazilian Diamonds, is associated
and Rock Capital is a company with which Francis Johnstone, who is a
Non-Executive Director of Brazilian Diamonds, is associated.

Application for the new ordinary shares to be admitted to trading on AIM has
been made and it is expected that admission will take place on 20 December
2006.

Hidefield Gold plc                                             + 44 7733 001002
                                                                               
Ken Judge, Chairman                                                            
                                                                               
Hanson Westhouse LLP (Nomad to the Company)                   + 44 113 246 2610
                                                                               
Tim Feather                                                                    



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