OREANDA-NEWS. June 20, 2013. Polyus Gold International Limited (LSE – PGIL, OTC (US) – PLZLY, “PGIL”, “Polyus Gold” or the “Company”), the largest gold producer in Russia, announces the results of independent audits of its reserves and resources conducted in compliance with the Joint Ore Reserves Committee of the Australian Institute of Mining and Metallurgy, Australian Institute of Geosciences and Minerals Council of Australia Code 2004 (“JORC Code”).

Highlights
Total proven and probable reserves1 updated at 83.12 million ounces of gold (compared to 87.54 million as per most recent updates of 2006-2012), excluding assets in Kazakhstan divested in February 2013 and assets in Romania divested in May 2012

Total measured, indicated and inferred resources updated at 150.14 million ounces of gold, in line with 151.93 million ounces as per most recent updates of 2006-2012

Changes in reserves and resources primarily reflect depletion due to the accumulated output in 2006-2012

Average reserves grade at hard rock deposits stable at 2.14 g/t (compared to 2.32 as per most recent updates of 2006-2012)

First full JORC-compliant audit of reserve base since obtaining a premium listing in London in June 2012.