London, 10 October 2011

As a key speaker at the recent Mining and Exploration Forum and Expo (MINEX) in Moscow, Intierra Resource Intelligence, the world’s leading supplier of business intelligence to the mineral resources sector, revealed that Russian companies have reached US$550 billion in foreign mining interests held.

During a detailed presentation, Director of Mapping and Tenements, Peter Godwin, further stated that Intierra’s research showed Russian-held resources at operating mines were now in the vicinity of US$325 billion, whilst new deposits were worth US$225 billion.

Mr. Godwin’s presentation, titled Russian Mining – Domestic and Foreign Activity / Global Funding, gave the audience a deep analysis of the key metrics and factors in play for the expanding Russian mining sector both globally and domestically.

MINEX Russia is a key mining sector and business event in Russia; bringing together more than 500 international resource sector professionals. This year the main theme of the forum was “Russia – Open for business”, highlighting key positive developments and emerging business opportunities for new ventures in the mineral exploration and mining sector in Russia.

Ends --