OREANDA-NEWS. November 25, 2013. Polyus Gold International Limited (LSE - PGIL, OTC (US) - PLZLY), the largest gold producer in Russia, announces that it has received notice from its Chief Executive Officer, Mr. German Pikhoya, that he wishes to resign from his position as CEO in order to pursue other activities. Mr. Pikhoya has indicated that he is willing to continue as CEO until a successor has been appointed.

The Nomination Committee of the Board will immediately commence a search for a successor to Mr. Pikhoya with a view to making an appointment as soon as possible.

Ilya Yuzhanov, Сhairman, said:

"I would like to thank German for his contribution to the Polyus Gold Group during his 11-years’ service and wish him well with his future endeavours. We also welcome his offer to continue as CEO until such time as we have appointed a successor. We will immediately commence an intensive search for a possible successor."