Polymetal is pleased to announce its participation in next week’s Minex ’06 (Mining and Exploration Business Forum) in Moscow.

The forum - organized by SRK Consulting - will be held from October 5th to October 6th, 2006 and will bring together leading experts to discuss mining industry issues in Russia, the CIS and Central Asia.

On October 6th, Maxim Kuzemchenko — Polymetal’s vice president for supply chain management - will present a talk SCM Tuning: The Key to Successful Exploration and Development Programs during the session Developments in Exploration.