OREANDA-NEWS. April 23, 2012. Polyus Gold International Limited (LSE – PLGL, OTC (US) – PLZLY, “PGIL” or the “Company”), the largest gold producer in Russia, announces that it has entered into an agreement with a British Virgin Islands incorporated holding company affiliated with SAT & Company JSC (Kazakhstan) to sell its 100% interest in Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L through the sale of their Isle of Man holding company, Romaltyn Limited, for a total consideration of USD 20 million, reported the press-centre of PLGL.

Completion of the transaction is conditional and is expected in the second quarter of 2012.

Notes to editors
Romaltyn Mining S.R.L. and Romaltyn Exploration S.R.L. hold rights to various mining assets in Romania including a gold treatment plant with a capacity of 2.5 million tonnes of ore and tailings annually (currently not in operation) and a number of exploration properties.