Investor Presentaiton

Albazino • 1.5 mtpa flotation concentrator on site Construction commenced in November 2008, on schedule - expected to be completed in Q4 2010 Flotation concentrator in construction • US$160 million CAPEX • Concentrate transportation cost of US$70/mt • Reserve expansion to 5 Moz by end-2011 Reserves and Resources Au grade Au (moz) (g/t) Ore tonnes (Mt) 2P 17.4 4.1 2.3 MI&I 21.3 4.3 3.0 Mine camp © 2009 Polymetal 20

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