Your trusted source

“Deno Gold Mining” CJSC announced in its press release that Robert Falletta was assigned as the general manager of Kapan Mining. Falletta is responsible for the managing and the administrative part of the company’s work. Below is presented the press release:

“Deno Gold Mining Company CJSC is pleased to announce the appointment of Mr. Robert Falletta as General Manager of Kapan Mine as of 28 January 2008. He will be responsible for managing the work on the mine as well as the administrative part.

Robert Faletta brings over 35 years of mining experience to his new role. He is a professional mining engineer and has held increasingly senior roles in both underground and open pit operations in a variety of countries including the United States, Indonesia and Russia. Since 1997, Mr. Falletta has been based in Russia. Originally working with Kinross Gold Corporation, he thereafter held a variety of positions culminating with his appointment as General Director of Omolon Gold in 2005. Before assuming his position with the Deno Gold Mining Robert Faletta held a position of General Director of Ozerniy GOK - a joint venture between Lundin Mining and MBC/Metropol/Russian Partners.

Appointment of Mr. Faletta to this responsible position at Deno Gold Mining Company once again proves serious intention its owners to continue implementation of sustainable investment programs in Armenia.

At the same time we inform that as a result of direct meetings with the President and the Prime-Minister of Armenia we have become assured it was due to their personal efforts that favorable climate for foreign investment has been established in Armenia. We are convinced that the authorities of the country will continue the process of securing stability in Armenia, which, in turn, will positively affect the foreign investors to implement long-term and financially stable activities. This, in its turn, will aid in development of a number of communities – the desire and aspiration of the authorities of the country for this has been clearly noted by us.

Deno Gold Mining CJSC is 95 % owned by Dundee Precious Metals (Canada).

Dundee Precious Metals is an international mining company, headquartered in Canada. The company mines precious metals, acquires, researches and processes them. The company’s shares (Symbol: DPM; DPM.WT) are traded at the Toronto stock exchange. Currently, Dundee Precious Metals is implementing gold and copper concentrate production Chelopech Mine and Krumovgrad Gold mining projects in Bulgaria, as well as exploits 95 per cent of Kapan gold, copper and zinc mine on the South of Armenia to produce concentrates. In addition to this, DPM has research and exploitation agreements in the largest gold, copper and silver production areas in Serbia. The company owns Back River gold research project, located at Nunavut (Canada)”.