Chukotka Autonomous Okrug 2013 PDAC Gateway to the Pacific Anadyr

Chukotka at a Glance Far Eastern region of Russia Climate: Arctic (permafrost) Total population: ≈ (1/3 - Indigenous peoples) Total area: thousand sq km Density: ‹ 0.1/sq km

Mineral Endowment Chawn-Bilibino Cluster: Gold, Silver, Copper, Tin Gold production: 564 K oz in 2012 Silver production: 5.5 mil. oz in 2012 Anadyr Cluster: Coal, (Oil), Gas Coal Mining Anadyr’ Mine Kt in 2012 Nagornaya Mine - 90 Kt in 2012 Tigers Realm – Active Development Natural gas: bn. CFT

 Mineral wealth  Access to the Pacific Ocean  Proximity to the world’s most prospective markets: China, Japan, Korea  Reducing administrative barriers Our key advantages

Major Investors in Chukotka

6 Kinross Gold Corporation Kupol (Au-Ag deposit) Mineral Reserves & Resources (Gold) Tonnes, (kt)Grade, (g/t)Ounces,( koz) 2P Reserves Inferred Resources LOCATION: Bilibinsky township, Chukotka OPERATION: Underground Dvoinoye (Au-Ag deposit)* LOCATION: Chaunsk township, Chukotka OPERATION: Underground Mineral Reserves and Resources (Gold) Tonnes, (kt)Grade, (g/t) Ounces,( koz) 2P Reserves M&I Resources Inferred Resources * Delivery of the first ore in the 2H 2013

7 Regional Mining Company LLC Baimskaya Ore Field LOCATION: Bilibinsky township OPERATION: Exploration Stage

licence and project area 8 Anadyr Cluster Highlights: Bering Coal Basin Nagornaya Investments Limited option (Canada) Tigers Realm Coal Australia/Canada 80/20 Target: 430 Mt 0.5Mt early HCC in 2015 Tigers Realm Coal Australia/Canada 40*/ Mt Indicated and inferred Target: +230Mt Beringovsky Small, shallow port Open 5 months Proposed Arinay Port Re-opening an ancient fjord Year round, Depths to 30m

Scoping Study Prefeasibility Study Feasibility Study Long-Term Development Plan of Major Gold Deposits Valunistoe Karalveem Kupol Mayskoye Kekura Klen Dvoinoe Kanchalano-Amguemskaya Vodorazdel’naya Baimskaya Ore Field Verkhne-Krichalskaya Kayenmivaam Current Status

Electricity Infrastructure Investment Plan Total: $ 708,9 mln

Overland Transportation Infrastructure Projects Omolon-Anadir’-Bilibino- Komsomolsk-Egvekinot road Total: $899,8 Mln Mln. USD

12 Key Location on the Pacific Rim

13 Incentives Preferential treatment for businesses in Chukotka:  Initiative to reduce income tax rate  Initiative to reduce mineral resource extraction taxes  Assistance in infrastructure development  Assistance in land allocation  Consulting, organizational and informational support