Centerra Gold Announces Filing of a Material Change Report
1 University Avenue, Suite 1500
Toronto, ON
M5J 2P1
tel 416-204-1953
fax 416-204-1954
www.centerragold.com
NEWS RELEASE
Centerra Gold Announces Filing of a Material Change Report
Toronto, Canada, November 19, 2021: Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU)
announced today that it has filed under its profile on SEDAR a material change report related to the previously disclosed
determination made by C enterra on August 9, 2021, that a number of coordinated actions taken by the Kyrgyz Republic
had ultimately resulted in the seizure of the Kumtor Mine by the Kyrgyz Republic and a loss of control of the mine by
Centerra. As a result of the loss of control, the Company deconsolidated the results of the Kumtor Mine from its results
for the second quarter of 2021, recognized a loss on the change of control of US$926.4 million in the second quarter of
2021, ascribed no value to the Company’s interest in Kumtor Gold Company, its 100% owned subsidiary that holds the
Kumtor Mine, and is now accounting for the Kumtor Mine as a discontinued operation. Full details regarding these matters
are contained in the Company’s August 9, 2021 second quarter earnings press release.
This material change report has been filed at the request of the Ontario Securities Commission (the “OSC”) in connection
with the OSC’s issue-oriented review of Centerra’s continuous disclosure record related to the developments with respect
to the Kumtor Mine. As a result of the filing of this material change report, Staff of the OSC have advised the Company
that it will be placed on the public list of Refiling and Errors in accordance with OSC Staff Notice 51 -711 (Revised)
Refilings and Corrections of Errors.
About Centerra
Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring, and acquiring
gold properties in North America, Asia and other markets worldwide. Centerra operates two mines, the Mount Milligan
Mine in British Columbia, Canada and the Öksüt Mine in Turkey, and its Molybdenum Business Unit in the United States.
The Company owns the Kumtor Mine in the Kyrgyz Republic, which is currently not under the Company’s control.
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. The Company is based in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Toby Caron
Treasurer and Director, Investor Relations
Centerra Gold Inc.
(416) 204-1694
Additional information on Centerra is available on the Company’s web site at www.centerragold.com on SEDAR
at www.sedar.com and on EDGAR at www.sec.gov/edgar.
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