OJSC Polyus Gold (RTS, MICEX and LSE – PLZL), Russia’s leading gold producer, today announced the decisions taken at the Meeting of the Board of Directors held on June 3, 2010.

Mikhail Prokhorov was elected Chairman of the Board.

Alexander Мosionzhik – Deputy Chairman of the Board.

The Board also elected the members of the Board’s committees: Audit Committee - Lord Patrick Gillford (Сhairman), Anna Kolonchina, Ekaterina Salnikova. Strategy Committee - Mikhail Prokhorov (Сhairman), Evgeny Ivanov, Alexander Мosionzhik. Staff and Remuneration Committee - Zumrud Rustamova (Сhairman), Pavel Grachev, Ekaterina Salnikova.

OJSC Polyus Gold is an international company, Russia’s leading gold producer and one of the world’s largest gold mining companies in terms of market capitalization, mineral reserves base and output. The Company’s international asset portfolio includes ore and alluvial deposits in the Krasnoyarsk Territory, the Irkutsk, Magadan and Amur Regions, the Republic of Sakha (Yakutia), as well as in the Republic of Kazakhstan and Romania. Gold production of OJSC Polyus Gold totaled 1,3 k oz in 2009.