Centerra Gold Provides Update on Strategic Agreement with the Kyrgyz Republic
Centerra Gold Provides Update on Strategic Agreement with the Kyrgyz
Republic
TORONTO, Aug. 22, 2018 -- Centerra Gold Inc. (TSX: CG) (“Centerra”) announced today that it has agreed with the
Government of the Kyrgyz Republic to further extend the First Longstop Date under the Strategic Agreement for Environmental
Protection and Investment Promotion (“Strategic Agreement”) previously entered into with the Government of the Kyrgyz
Republic on September 11, 2017. The First Longstop Date is the date by which all conditions precedent to the completion of
the Strategic Agreement are required to be satisfied and it has been further extended by agreement of all the parties from
August 24, 2018 to November 2, 2018.
The Company continues to work with the Government of the Kyrgyz Republic to ensure the satisfaction of the remaining
conditions precedent to completion of the Strategic Agreement, including the termination of certain legal proceedings and
receipt of finalized land use certificates.
Cautionary Note Regarding Forward-looking Information
Information contained in this news release which is not a statement of historical fact may be “forward-looking information” for
the purposes of Canadian securities laws. Such forward-looking information involves assumptions, 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 “believe”, “expect”, “anticipate”, “contemplate”, “plan”,
“intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-
looking information. These forward-looking statements relate to, among other things: the Company’s expectations regarding
its future discussions with the Government of the Kyrgyz Republic to satisfy the remaining conditions precedent and reach
completion of the Strategic Agreement.
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, 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 that could cause actual results or events to differ materially from current expectations include,
among other things: risks that any of the conditions precedent to the Strategic Agreement will not be satisfied in a timely
manner or at all, particularly as the Government may not bind the General Prosecutor’s Office or the Parliament of the Kyrgyz
Republic; a decision by the General Prosecutor’s Office, or its successor the Anti-Corruption Service of the State Committee
for National Security, to re-open at any time civil or criminal proceedings against Centerra, its subsidiaries or other
stakeholders; the failure of the Government to comply with its continuing obligations under the Strategic Agreement, including
the requirement that it comply at all times with its obligations under the 2009 Kumtor Project Agreements, allow for the
continued operation of the Kumtor Mine by Kumtor Gold Company (KGC) and Kumtor Operating Company (KOC) and not take
any expropriatory action; actions by the Government or any state agency or the General Prosecutor's Office that serve to
restrict or otherwise interfere with the payment of funds by KGC and KOC to Centerra. See section titled “Risks that can
affect our business” in the Company’s most recently filed Annual Information Form available on SEDAR at www.sedar.com.
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 next gold mine, the 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 the Company’s web site at www.centerragold.com and at SEDAR
at www.sedar.com.