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Dukat Operations Remaining LOM: Dukat 17 years - Lunnoye/Arylakh - 14 years Selmchan 380 km Lunnoye Dukat Dukat Omsukchan 41 km Goltsovoye Myakit 650 km Atka • ⚫ Dukat processing plant expanded from 0.9 to 1.5Mtpa at a capital cost of US$60 million • • The ramp up of the plant is complete and the design capacity of 125 Kt per month is expected to be achieved in Q1 2010: The capacity of the underground mine will be increased to 900 Ktpa in 1H 2010. Stoping at Goltsovoye will commence in Q3 2010 (70Kt of ore is planned for 2010); development started in Q3 2009. • Active near-mine exploration resumed in 2H 2009, $8 million planned spending for 2010 Yabloneviy Stekolniy • Sokol Magadan © 2009 Polymetal 11

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