Investor Presentaiton

Voro Remaining LOM: oxidized ore reserves - 6 years primary ore reserves - 15 years • CIP Expansion successfully completed and ramped . • • up on time and on budget at a capital cost of US$22 million Mining of oxidized ore form the southern pit is expected to commence in Q2 2010. 200 Kt of ore to be mined at Degtyarskoye and processed at the Voro CIP plant during the year. 2010 production to reach peak 160 koz Regional exploration program to be resumed in 2010; Fevralskoye to replace Degtyarskoye as the supplemental source of high-grade ore © 2009 Polymetal 12

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