Kopy Goldfields - Kopylovskoye

License Acquired Mineral resources (’000)* Exploration target Valid until: Ownership Kopy
Goldfields AB
License area
Kopylovskoye 2007 JORC: Indicated: 37kOz@1.31 g/t
Inferred: 80kOz@1.07 g/t
Signed by SRK Consulting
Kavkaz 2008 Russian C1+C2: 33kOz
P1: 84kOz
Krasny 2010 JORC: Inferred: 1.28Moz@0.89 g/t
Signed by Miramine
Bedrock 2020 100 % 1,5 sq km
Bedrock 2015 100 % 3.4 sq km
Bedrock 2035 100 % 31 sq km
Prodolnyy 2008 Russian P2: 579kOz Bedrock 2033 100 % 141 sq km
Pravovesenniy 2010 Russian P3: 64kOz Bedrock 2030 100 % 35 sq km
Vostochnaya 2010 Russian P2: 161kOz Bedrock 2035 100 % 13 sq km
Takhtykan 2011 Russian P3: 161kOz Bedrock 2035 100 % 31 sq km
Purpolskaya 2012 Russian P3: 804kOz Bedrock 2017 (Prospecting license) 100 % 150 sq km
Verkhnyaya Orlovka 2012 Russian P3: 418kOz Bedrock 2017 (Prospecting license) 100 % 81 sq km
Tyrynakh 2012 Russian P3: 578kOz Bedrock 2037 100% 250 sq km
Bolshaya Taimendra 2012 Russian P3: 578kOz Bedrock 2037 100% 289 sq km
Gorbylyakh 2012 Russian P3: 578kOz Bedrock 2037 100% 417 sq km
Omur-Yuryakh 2012 Russian P3: 160kOz Bedrock 2037 100% 365 sq km
Chencha 2012 Russian P3: 321kOz Bedrock 2037 100% 71 sq km
Malo-Patomsky 2012 Russian P3: 578kOz Bedrock 2037 100% 460 sq km
Total
*The mineral resources are reported either in accordance
with the Russian system or the JORC standard. If a mineral
resource estimation is available in both standards,
only the JORC standard is reported in the table.
JORC: Indicated: 37 kOz
Inferred: 1.36 MOz
Russian: C1+C2: 33 kOz
P1-P3: 4,980 kOz
2,338 sq km
Kopy Goldfields
Focus on Krasny
In the end of 2012 after 11,030 meters of drilling, an
initial JORC compliant mineral resource estimation
for part of the Krasny gold deposit was released,
showing 44 million tons at an average grade of 0.89
g/t Au as Inferred resources. The current estimation
covers 1,300 meters of mineralization out of total
2,850 meters strike confirmed with the recent drilling.
With the results, the deposit has a high potential to be
developed into a mine.
The mineralization is also potentially outcropping
to the west, where Kopy Goldfields currently
are drilling in order to update the mineral resource
report. Results of the metallurgical study show 77% of
the gold extracted by gravitation only, and 93% after
flotation.
Core drilling show gold intersections of 38m
with an average grade of 3.3g/t, 40m@2.38g/t +
22.4m@1.24g/t, 43m@2.82g/t + 31m@2.81g/t,
23.5m@2.25g, 23.6m@5.28g/t, 13m@1.79g/t and
79m@1.86g/t.
Estimation of Inferred in situ resources
within optimized open pit at different cut
off grades (Krasny license)
CUT-OFF Ore Average Au
(g/t) Million
tons
grade
(g/t)
(Moz)
0.20 48.3 0.94 1.45
0.40 37.8 1.10 1.34
0.60 28.5 1.30 1.19
0.80 20.6 1.54 1.02
1.00 15.6 1.74 0.87
1.20 11.8 1.95 0.74
1.40 9.0 2.16 0.62
1.60 6.6 2.40 0.51
1.80 5.1 2.61 0.43
2.00 3.8 2.85 0.35
Other projects
Apart from Krasny, Kopy Goldfields has 14 licences in
Lena Goldfields at the moment in different stages of
exploration. These include 117 kOz mineral resources
Indicated and Inferred under JORC Code and 5.0
MOz of C2-P3 of Russian historic resources.
The Kavkaz and Kopylovskoye cluster are ready for
feasibility studies and/or production joint ventures.
The other license areas are evaluated for potential
further exploration in 2013.
Kopy Goldfields continuously searches for new
high potential licence areas within Lena Goldfields to
include in its portfolio and acquired eight new licenses
during 2012 in a highly prospective area. The licenses
have geology and rock similar to Sukhoy Log and
carry strong possibility to host elephant gold deposits.
To the right:
Kopy Goldfields license
areas marked in red
Traded at NASDAQ OMX First North, Stockholm
Ticker: KOPY
Shares issued 22,851,621
Hi/Lo since since 52 weeks USD 0.95/USD 0.40
Market cap
USD 10.4 million
Invested in exploration, acquisitions since 2007 (Q3 2012) USD 45 million
Broker and Certified Adviser
Aqurat Fondkommision (www.aqurat.se), Sweden
Supervisors and preparing reports within JORC
SRK Consulting (USA), OOO Miramine (Russia)
Processing sample analysis
Stewart Lab, Moscow, Russia
Analysist
Edison Investment Research, London (www.
edisoninvestmentresearch.co.uk), Redeye,
Stockholm (www.redeye.se)
Kopy Goldfields AB (publ)
Skeppargatan 27, 4th floor
SE-114 52 Stockholm, Sweden
www.kopygoldfields.com
Company number: 556723-6335
Ticker: KOPY (NASDAQ OMX First North, Stockholm)
Total number of shares: 22,851,621
Contact: CEO: mikhail.damrin@kopygoldfields.com,
mobile: +7 (916) 808 12 17
CFO: tim.carlsson@kopygoldfields.com,
mobile: +46 702 31 87 01
All information correct as of February 21, 2013. Share price used SEK 2.86/share, currency rate SEK/USD 6.31.

Kopy Goldfields
in brief
1.4MOz
1.4 Moz of mineral resources
under JORC
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1.4 MOz mineral resources
Indicated and Inferred
categories under JORC
Code for the Krasnylicense
(31 km 2 ) and the
Kopylovskoye-license (1.5
km 2 )
5.0 MOz of C2-P3 Russian
Resources for other
licenses (2,306 km 2 )
29 % of the shares owned
by Eldorado Gold
Stockholm
moscow
Bodaibo
Kopy Goldfields operates in
a historical gold rich area
outside the city Bodaibo
11 030 prospecting meters drilled during 2012
(11 742 meters during 2011)
15
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286 MSEK invested in
exploration and license
acquisitions, as well as
tangible assets, since
2007, excluding exchange
differences
16 000 inhabitants in
Bodaibo where head quarter
is located
Strong support from local
authorities
Developed infrastructure
with federal roads, water
supply and electricity
A Swedish gold company operating in Russia
Kopy Goldfields AB (publ) is a Swedish gold exploration company founded in 2007, listed on NASDAQ
OMX First North in Stockholm. Major owner is the Canadian gold producing company Eldorado Gold
Corp (29 %). The market cap was USD 10.4 million as per Feb 21, 2013, and the total number of
shareholders 4,100.
The company operates in Lena Goldfields in the Irkutsk region in Russia. The portfolio currently consists
of 26 gold bedrock projects within 15 licences, covering a total of 2,338 sq km (233,800 ha).
Kopy Goldfields’ mineral resources within the JORC code are estimated to 1.4 MOz inferred and indicated
resources. The long-term goal is to discover 5 Moz of mineral resources and annually produce 0.2
Moz of gold within existing and new licence areas.
BEDROCK EXPLORATION AND
PRODUCTION LICENSES
VISION
Kopy Goldfields vision is
to create a world-class
gold exploration and
production company.
26.6
26.6 MSEK Invested in exploration
and evaluation work,
licenses and tangible assets
first 9 months 2012 (41 MSEK
full year 2011)
2,338
2,338 km 2 exploration area
LONG-TERM TARGETS
Discover 5 mOz of mineral resources and
annually produce 0.2 mOz of gold within
existing and new licence areas
Gold mining in Russia
Russia has a strong mining tradition and
is known for its highly skilled mining
specialists. However, gold mining - in
contrast to exploration of other national
resources such as oil and gas - is not
regarded as a national strategic industry.
The largest five gold producing companies
operating in Russia are international.
The mining and tax legislation climate
in Russia is favourable - it only takes
6-12 months in average to get production
permits.
Production costs are low as a result of
a good supply of local expertise, combined
with comparatively cheap electricity
and fuel. Cash cost for companies
comparable to Kopy Goldfields operating
in Lena Goldfields amount to 350-450
USD/oz.
Most exploration data in Russia goes
back to the 1960-70s and new exploration
data collected with modern technique
is limited to brown field projects.
The known big gold deposits are not
exploited to their full potential and large
areas of Russia remain to be explored.
Lena Goldfields – gold rich and
underexplored
Located in the Irkutsk region in Russia,
Lena Goldfields is one of the most
gold rich and underexplored areas of
the world. The total area covers some
150,000 km2. Alluvial gold has been
produced in the area for more than 150
years, with a total of more than 30 million
oz of gold extracted from its rivers
over the years. Bedrock production was
established only ten years ago.
Kopy Goldfields operates in an area
close to the city of Bodaibo in Lena
Goldfields. There is a strong gold mining
tradition in Bodaibo, a regional centre
for alluvial gold production for more
than a century. Gold production is the
only industry in the area. Infrastructure
is well developed with an airport, state
maintained roads open all year round
and diverse net of electric power lines
with a hydropowerplant on a local river
and connection to the mainland electricity
net.
Lena Goldfields is characterised by
a major number of geochemical gold
anomalies and rich alluvial gold deposits,
indicating bedrock gold mineralisation.
Many world-class deposits are found in
the area, including Sukhoy Log with 60
million oz of gold.
Major world class mining projects in
the area include Vysochaishy (GV Gold)
and Verninskoye (Poluys).