Severstal Increases Stake in Sacre-Couer Minerals, Ltd.

Severstal Gold N.V. ("Severstal Gold"), a subsidiary of OAO Severstal
("Severstal") (LSE:SVST)(RT:CHMF), announced today that it has purchased
3,900,000 common shares ("Common Shares") of Sacre-Couer Minerals, Ltd. ("SCM")
at an average price of CAD$1.5444 per Common Share for a total cost of
CAD$6,023,160.00 on September 22, 2010. The securities acquired represent
ownership and control of approximately 9.89% of the issued and outstanding
Common Shares as at the date hereof.


The purchase raised Severstal Gold's direct holdings in SCM to 5,001,500 Common
Shares. Castleway Limited, a subsidiary of Severstal Gold holds 2,750,000 Common
Shares. Following this transaction, Severstal will have ownership and control
over 7,751,500 Common Shares, representing approximately 19.67% of the issued
and outstanding Common Shares as at the date hereof. 


The additional acquisition of Common Shares was effected to increase Severstal's
beneficial ownership position in SCM. Severstal Gold has entered into a binding
agreement with SCM to acquire 100% of the issued and outstanding Common Shares
that it does not already own, at a price of CAD$1.60 per Common Share.


This press release is issued pursuant to National Instrument 62-103 - The Early
Warning System and Related Take-Over Bid and Insider Reporting Issues, which
requires a report to be filed on SEDAR (www.sedar.com) containing additional
information with respect to the foregoing matters. A copy of this report may be
obtained by contacting Sergey Loktionov, Public Relations, OAO Severstal at +7
495 9810910 ext. 6446.


About Severstal

OAO Severstal is one of the world's leading integrated steel and mining
companies with listings in Russia and on the London Stock Exchange. Its main
assets are in Russia, Ukraine, Kazakhstan, Italy, France, the USA and Africa.
The company focuses on high value added and unique niche products. In 2009,
Severstal produced 16.7 million tonnes of steel. 


Severstal Gold is an established international, pure-gold producer focused on
emerging markets with currently eight producing mines, two development projects,
five advanced exploration projects and a broad portfolio of early exploration
projects and licenses located across West Africa in Guinea and Burkina Faso,
Kazakhstan and the Russian Federation. 


The addresses of Severstal and Severstal Gold are:



OAO Severstal                                                               
2/3 Klara Tsetkin street, RU-127299                                         
Moscow, Russia                                                              
Phone: [phone]                                                   
Fax: [phone]                                                     
                                                                            
Severstal Gold N.V.                                                         
Strawinskylaan 3105 Atrium                                                  
1077 ZX Amsterdam                                                           
The Netherlands                                                             



Forward Looking Statements

This news release contains statements that may be forward-looking statements
regarding future events or the future financial performance of OAO Severstal.
Forward looking statements are identified by terms such as "expect," "believe,"
"anticipate," "estimate," "intend," "will," "could," "may" or "might", the
negative of such terms, or other similar expressions. OAO Severstal wishes to
caution you that these statements are only predictions and that actual events or
results may differ materially. OAO Severstal does not intend to update these
statements to reflect events and circumstances occurring after the date hereof
or to reflect the occurrence of unanticipated events. Factors that could cause
the actual results to differ materially from those contained in forward-looking
statements of OAO Severstal may include, among others, general economic
conditions in the markets in which OAO Severstal operates, the competitive
environment in, and risks associated with operating in, such markets, market
change in the steel and mining industries, as well as many other risks affecting
OAO Severstal and its operations.