HIF Hidefield Gld

    HIDEFIELD GOLD PLC                               

                        ("Hidefield" or the "Company")                         

                              FURTHER RE. PLACING                              

On 23 February 2007, Hidefield announced a placing of 30,428,571 Hidefield
Units at a price of 7p each to raise �2.13 million (the "Placing"). Each
Hidefield Unit will consist of one new ordinary share of 1p each and one-half
ordinary share purchase warrant. Each whole ordinary share purchase warrant
will entitle the holder to acquire one additional ordinary share for a period
of 18 months from the date of admission of the placing shares at an exercise
price of 8.5p.

Due to the authorised share capital and the authorities to issue securities
currently granted to the directors being insufficient to issue all of the
Hidefield Units, the Placing will now be carried out in two tranches.

It is expected that the first tranche, which will comprise 24,428,571 Hidefield
Units and will raise �1.71 million (before expenses), will be completed on 28
February 2007 on admission of the ordinary shares included in such Hidefield
Units to trading on AIM.

The second tranche, which will comprise 6,000,000 Hidefield Units and will
raise �420,000 (before expenses), will be conditional upon the approval by
shareholders of certain resolutions to be proposed at an extraordinary general
meeting to be held on 27 March 2007 (the "EGM"). The resolutions will relate to
an increase in the authorised share capital of the Company and an increase in
the authorities granted to the Directors to issue shares. Notice of the EGM
will be sent to shareholders in the near future.

Enquiries:

Hidefield Gold plc                                    + 44 773 300 1002       
Ken Judge, Chairman                                    
                                                                              
Investor Relations                                    + 44 20 7590 5503
Paul Ensor                                                                    
                                                                              
Hanson Westhouse Limited (Nomad)                      + 44 113 246 2610  
Tim Feather / Matthew Johnson                                                                
                                                                              
Teather & Greenwood: Landsbanki (Broker)              + 44 20 7426 9000          
James Maxwell / James Glancy                                                  



END

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