On June 5, 2006 Evgueni Ivanov, CEO of OJSC Polyus Gold will be speaking at a conference call devoted to the company’s JORC mineral resources base as of January 1, 2006. The JORC audit of the company’s reserves and resources was conducted by SRC Consulting and Micon International.

The conference call is scheduled on 5 p.m. Moscow time (9 a.m. NY time, 2 p.m. London time).

To join the conference call please dial:

 (800) 700-7133  (from US)
 (612) 332-1025  (outside of US).

The playback of the conference call will be available at:

 (800) 475-6701  (from US)
 (320) 365-3844   (outside of US)

with the password 831616, for the duration of one week starting from 8.30 p.m. Moscow time, 00.30 p.m. NY time, 5.30 p.m. London time) June 5, 2006.