New Management at Strategic Minerals Corporation

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ORGANIZATIONAL ANNOUNCEMENT

NEW MANAGEMENT AT STRATEGIC MINERALS

MOSCOW, September 1, 2009 — Evraz Group announced the appointment today of Mr. Daniel C. Harris as President of Strategic Minerals Corporation, Evraz's vanadium subsidiary operating in the United States and South Africa. Mr. Harris took over his new position following the retirement of Hein Enslin, who had been President of Strategic Minerals since 2000. Mr. Harris will continue to be Evraz's Vice President, Vanadium in addition to being President of Strategic Minerals Corporation.

At the same time, Tim Scott became President of Stratcor, Inc. — the subsidiary that manages Strategic Minerals' vanadium business in the United States.

Mr. Harris graduated from the University of Nevada's Mackey School of Mines with a degree in Chemical Engineering and has 32 years of experience in the vanadium business. He joined Evraz in 2007 following the acquisition of Strategic Minerals Corporation. Prior to his appointment as Vice President of Evraz, he held several management positions in his 16 years at Stratcor's Hot Springs, Arkansas plant, starting in 1981. He subsequently became Managing Director of Vametco, Strategic Minerals' subsidiary in South Africa and Vice President in charge of finances and operations at Strategic Minerals' headquarters in the United States.

Mr. Scott started his metals career at Union Carbide's tungsten operations in Bishop, California, where he was engineering manager at the mine and mill. He became Superintendent at Bishop when Strategic Minerals bought Union Carbide's facilities in 1986. In 1999, he became President of Strategic Minerals' joint-venture in Convent, Louisiana. There he managed the construction and operation of a new plant recovered vanadium and other metals from waste catalysts. In 2004, he moved to Hot Springs, Arkansas to become Vice President, Operations and General Manager of Stratcor, Inc.

Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, U.S.A., Canada and South Africa. Evraz produced 17.7 million tons of crude steel in 2008, ranking it the 15th largest steel producer in the world by volume. Evraz's total audited consolidated revenue for the year ended 31 December 2008 was US$20,380 million and its consolidated adjusted EBITDA was US$6,323 million.

Strategic Minerals Corporation is a subsidiary of Evraz Group S.A. and produces a complete line of vanadium products for the steel, titanium, and chemical industries, including vanadium pentoxide (V₂O₅), ferrovanadium, Nitrovan^® vanadium, vanadium-aluminum, and high-purity vanadium oxides and chemicals. The company's vanadium plants are located in Hot Springs, Arkansas and Brits, South Africa.

September 1, 2009

For more information, contact

Evraz Group
Alex Agoureev
VP, Public Relations
+7 495 122 4822
media@evraz.com

Strategic Minerals Corporation
John Crane
telephone: (212)302-3344
email: John.Crane@stratcor.com

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