Centerra Gold Announces Sale of Mongolian Business Unit
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Toronto, ON
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www.centerragold.com
NEWS RELEASE
Centerra Gold Announces Sale of Mongolian Business Unit
TORONTO, CANADA – October 12, 2018 – Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today
that it has completed the sale of its Mongolian business unit, including the Boroo Gold Mine and processing
facility and the Gatsuurt Gold Project to OZD ASIA PTE Ltd. (“OZD”), for net proceeds of US$35 million.
OZD has purchased all of the outstanding shares and debt of Centerra Netherlands, BVBA which is the 100%
direct shareholder of the Company’s Mongolian subsidiaries, Boroo Gold LLC and Centerra Gold Mongolia
LLC (“CGM”).
Under the purchase agreement, OZD will retain the US$5 million payment received in September 2018 and the
additional US$5 million to be received by CGM from Steppe Gold LLC in respect of the previous sale of the
ATO Project.
Scott Perry, Centerra’s President and Chief Executive Officer stated “the disposition of the Mongolian business
unit is another step forward in enhancing the overall quality of Centerra’s portfolio of assets and will allow
management to focus on the Company’s development projects in other jurisdictions, including Canada and
Turkey”.
OZD is a private, Singapore based company that focuses on emerging markets mining and metal assets by
acquiring, financing and operating in order to bring value to its shareholders.
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 and is the largest Western-based
gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic
and the Mount Milligan Mine in British Columbia, Canada and is building its 100% owned Öksüt Gold Mine
in Turkey. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company
is based in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953
Additional information on Centerra is available on its web site at www.centerragold.com and at SEDAR
at www.sedar.com.
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