Investor Presentaiton

Omolon Regional Processing Hub • A number of small to medium • size high-grade deposits in the Northeast Magadan region ⚫ Numerous highly prospective epithermal Au-Ag ore occurrences in the region • Existing 850 Ktpa Kubaka mill Q1 2010 highlights Waste mining at Birkachan started First ore to be mined in Q2 2010 . • Truck high-grade ore to the mill Heap (dump) leach low- grade ore on mine sites Stacking of low-grade ore to commence in May Processing of high grade ore to commence in August • Ore mining at Sopka in progress Ore stockpiled, to be trucked and processed in 2H 2011 Earth works for the new Merrill Crowe section commenced Results of the FS and reserve statement to be released in Q3 2010 © 2010 Polymetal Lunnoe Birkach an Kubaka 380 km Oroch Sopika Kvartseva ya Dukat Evensk Dukat 571 km 41 km Magadan wwwww. Road Deposit Settlement 22

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