Centerra Gold Announces CEO Transition
NEWS RELEASE
Centerra Gold Announces CEO Transition
Toronto, Canada, September 6, 2022: Centerra Gold Inc. (TSX: CG) (NYSE: CGAU ) (“Centerra” or
the “Company”) announced today that Paul Wright has replaced Scott Perry as President and Chief
Executive Officer of Centerra. Mr. Wright, a director of Centerra, will act as interim President and CEO
to manage the Company through a leadership transition period, as the Board works with an executive
search firm to select Centerra’s long-term Chief Executive Officer.
Mr. Michael Parrett, the Chair of the Board, said, “On behalf of the Board, I would like to thank Scott for
his commitment to the Company over the last 7 years. We appreciate all he has done to serve the
Company, including through the challenges of the last two years. We wish him well in his future
endeavours.”
He continued, “Centerra’s Board is appreciative that Mr. Wright has agreed to lead the Company on an
interim basis. Mr . Wright brings over 40 years of extensive international experience in the mi ning
industry. Mr. Wright retired from El dorado Gold in April 2017 where he had served as President and
CEO since 1999. He has served as a director of Centerra since his election to the Board in May 2020.”
In connection with this leadership transition, Mr. Perry also resigned as a director of Centerra and will not
be nominated for election to the Board at the Company’s upcoming Annual Meeting of Shareholders to
be held on September 22, 2022. The Board has determined to reduce the number of directors from 9
to 8 and the 8 other directors identified in Centerra’s management information circular dated August 19,
2022 will stand for election at the upcoming Annual Meeting of Shareholders.
Cautionary Note Regarding Forward-Looking Information
Information contained in this document which are not statements of historical facts may be “forward -
looking information” for the purposes of Canadian securities laws and within the meaning of the United
States Private Securities Litigation Reform Act of 1995. Such forward-looking information involves risks,
uncertainties and other factors that could cause actual results, performance, prospects and opportunities to
differ materially from those expressed or implied by such forward looking information. The words
“expect”, “contemplate”, “may”, “will” and similar expressions identify forward -looking information.
Forward-looking information is necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Centerra, are inherently subject to significant political, business,
technical, economic and competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the forward -looking information. Factors
and assumptions that could cause actual results or events to differ materially from current expectations
include the risk factors set forth in the section titled “Risk Factors” in the Company’s most recently filed
Annual Information Form, which is available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov/edgar. There can be no assurances that forward -looking information and statements will
prove to be accurate, as many factors and futur e events, both known and unknown could cause actual
results, performance or achievements to vary or differ materially from the results, performance or
achievements that are or may be expressed or implied by the forward -looking statements contained or
referred to herein. Accordingly, all such factors should be considered carefully when making decisions
with respect to Centerra, and prospective investors should not place undue reliance on forward looking
information. Forward-looking information contained here in is given as of the date of this press release.
Centerra assumes no obligation to update or revise forward -looking information to reflect changes in
assumptions, changes in circumstances or any other events affecting such forward -looking information,
except as required by applicable law.
About Centerra Gold
Centerra Gold Inc. is a Canadian -based gold mining company focused on operating, developing,
exploring and acquiring gold and copper properties in North America, Turkey, and other markets
worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the
Öksüt Mine in Turkey. Centerra also owns the Goldfield District Project in Nevada, United States, the
Kemess Underground Project in British Columbia, Canada, and owns a nd operates the Molybdenum
Business Unit in the United States. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under
the symbol CG and on the New York Stock Exchange (“NYSE”) under the symbol CGAU. Centerra is
based in Toronto, Ontario, Canada.
Additional information on Centerra is available on the Company’s web site at
www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.
For more information:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
Shae Frosst
Manager, Investor Relations
(416) 204-2159