Petropavlovsk PLC announced new licence acquisitions and issues its trading statement in advance of its half-year results for the six months to 30 June 2010, which are expected to be published on 26 August 2010.

New licence acquisitions

Petropavlovsk announces that it has won an auction for gold exploration and mining rights in the Amur region for an area which extends its existing licence area around the Pioneer deposit by ca. 420km². The Group believes that the high grade areas of Bakhmut and Andreevskaya continue into this new licence area. In addition, Petropavlovsk has acquired exploration and mining rights in relation to two deposits in the Krasnoyarsk region, which brings the Group‟s estimated gold reserves/resources base under the Russian classification system in the Krasnoyarsk region to c.7.4Moz.

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