Kumtor SB Underground Project

Kumtor SB Underground Project Vertical Section 30 ( looking northeast ) Mining Surface Dec. 31, 2006.

4,000 m D96 2

D965

Moraine/Fill Base

6.5 / 3.4m 3.0 / 6.3m 13.5 / 5.0m D8 13

D1 09 8

13.0 / 15.4m

D93 0

D7 47

3,800 m

KS7 Final Pit Limit

D827 D75 3

18.4 / 21.9m D10

D84 8

D93

D83 6

D75 0

93

0A

24.4 / 11.4m

D742

D109 3B D10

20

20.0 / 34.3m D109 3C D99 3

3,600 m

14.5 / 23.0m

55.7 / 13.4m D96

1A

D1127

12.3 / 19.5m D111 7

7.0 g/t Au Shell

1.0 g/t Au Shell

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

10,400 E

D1134

19,200 N

10,200 E

19,400 N

D 1127A

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