OJSC Polyus Gold (RTS, MICEX and LSE – PLZL), Russia’s leading gold producer today announced the appointment of its General Director Evgueni Ivanov as General Director of ZAO Polyus, a wholly-owned subsidiary of Polyus Gold.

The move is due to the fact that General Director of ZAO Polyus Vladimir Sovmen left the company for a treatment.

Note for editors:

Polyus Gold is the largest gold producer in Russia. In 2006 its gold output totaled 1.2 million ounces. Headquartered in Moscow, Polyus Gold's operating mines and development/exploration projects are located in five major gold mining regions of Russia - Krasnoyarsk, Irkutsk, Magadan, Amur regions and the Republic of Sakha (Yakutia).

For further information please contact

For press:
Victoria V. Vergelskaya, PR Director
Elena D. Evstigneeva, Media Relations
 +7 (495) 641-3365
 +7 (495) 544-5496
pr@polyusgold.com

For investors:
Alexey V. Chernushkin, Director, CM and IR
Evguenia V.Buydina, IR manager
 +7(495) 641-3377
 +7(495) 785-4031
http://polus.dev.ifabrika.ru/admin/ir@polyusgold.com