Kumtor SB Underground Project

Kumtor SB Underground Project Vertical Section 34 ( looking northeast ) Mining Surface Dec. 31, 2006.

4,000 m

Moraine/Fill Base

GD

109

7

D7 62

D76 0 D006

KS7 Final Pit Limit

6.6 / 3.2m 7.1 / 3.3m

D123

5.2 / 2.9m

D835

3,800 m

27.1 / 3.2m

D8 26

D01 0

24.4 / 11.4m D831

D01 2

1.0 g/t Au Shell

35.2 / 13.3m

D013

D96 2

D912

D96 1A

D102 0

10.3 / 16.1m

D114

5.6 / 14.6m (Pre 1994 Hole) D401

7.0 g/t Au Shell Au (g/t) / True Thickness (m)

7.2 / 2.6 m (Pre 1994 Hole) D128 0A

Q1 2007 Hole D1136 D1136 D 10,200 E

19,400 N

D113

10,000 E 19,600 N

9,800 E

3,400 m

19,800 N

Intercepts shown are composite values with original assay capped at 100 g/t

401

D128

10,400 E

3,600 m

19,200 N

D8 48