Fortbridge Media Release

Highlands Pacific [ASX: HIG] - First-half financial report June 30 2012

Highlands Pacific (ASX: HIG) has released its interim financial report for the half-year ended 30 June 2012.

The result for the half-year is a net operating loss of US$7.9 million which reflects continued investment in exploration and development of US$5.5 million, in particular a $8-10m exploration commitment to the Star Mountains project near, Ok Tedi in Papua New Guinea.

Cash in the bank as of 30 June was US$7.6m and has subsequently increased to US$20m as at 31 August with the receipt of funds from cornerstone investor PNG Sustainable Development Program Limited.

Managing Director of Highlands Pacific Mr John Gooding said today: �Highlands is in a strong and sound financial position. We are debt and hedge free with US$20m in cash and long term assets in Ramu and Frieda, with Ramu nearing cash flow and exciting exploration potential with Star Mountains.�

Please see more in the attached announcement.

For further information, please contact:

John Gooding or Craig Lennon Simon Jemison
Highlands Pacific - 07 32397800

Tristan George
Fortbridge
T: +612 9003 0483
M: +61 407 218 832