Emfis

Open Joint Stock Company Polyus Gold is the leading gold producer in Russia and the only Russian company among the world’s largest gold producers.

Our major assets are:

* in Krasnoyarsk region – giant Olympiada deposit as well as Blagodantoe, Titimukhta, Tyrada, Olenii, Razdolinskaya, Zyryanovskaya and Panimba fields.

* in Irkutsk region – Zapadnoe, Verninskoe, Pervenets, and Chertovo Koryto and Mukodek goldfields as well as some 94 placer deposits.

* in Magadan region – giant Natalka deposit and smaller Degdekan and Vostochnoye fields.

* in the Republic of Sakha (Yakutia) - Kuranakh ore body and Kyutchus field as well as 50% interest in the giant Nezhdaninskoye field.

* in Amur region – Bamskoe gold field.

 Our reserves and resources (by JORC classification) as of January 1st 2006 are:

* 25.1 mln oz of reserves (Proved & Probable)

* 76.8 mln oz of resources (Indicated, Measured and Inferred)

Gold production in 2005 totaled 33.5 tons (1 076 k oz).

Polyus Gold is an innovative company that relies on technology to boost competitive advantages. We implement the best standards of corporate governance to position Polyus as an attractive investment.

Producing a ton of gold creates 1000 jobs. It puts special responsibility on Polyus as the company that facilitates sustainable development of the gold producing regions. The company abides by the principles of absolute financial transparency, fully pays its dues and taxes both to federal and regional governments, and supports sports, education and culture.