Recommendatation:
NEWS RELEASE
Centerra Gold Announces Election of Directors
Toronto, Canada, May 8, 2015: Centerra Gold Inc. (TSX: CG) ("Centerra" or the "Company") announced that the eleven nominees listed in the management information circular for the 2015 Annual Meeting of Shareholders (the "Meeting") held earlier today were elected as directors of Centerra. The vote was conducted by ballot. 210,956,606 shares were voted at the Meeting, representing 89.21% of Centerra's issued and outstanding common shares. The detailed results of the vote are set out below:
Nominee Votes For
% Votes
For
Votes Withheld % Votes
Withheld
% Votes For Excluding Kyrgyzaltyn Vote
Ian Atkinson 129,316,847 61.50 80,965,158 38.50 97.32% Richard W. Connor 131,759,465 62.66 78,522,540 37.34 99.16% Raphael A. Girard 131,489,114 62.53 78,792,891 37.47 98.95% Stephen A. Lang 124,733,356 59.32 85,548,649 40.68 93.87% Emil Orozbaev 209,776,202 99.76 505,803 0.24 99.62% Michael Parrett 131,539,047 62.55 78,742,958 37.45 98.99% Sheryl K. Pressler 130,768,499 62.19 79,513,506 37.81 98.41% Terry V. Rogers 130,074,999 61.86 80,207,006 38.14 97.89% Kalinur Sadyrov 206,364,542 98.14 3,917,463 1.86 97.05%
Kylychbek
Shakirov 187,961,440 89.39 22,320,565 10.61 83.20%
Bruce V. Walter 127,444,260 60.61 82,837,745 39.39 95.91%
As previously disclosed, Centerra continues its discussions with the Government of the Kyrgyz Republic regarding the Company's Kumtor Project. Kyrgyzaltyn JSC ("Kyrgyzaltyn") is wholly owned by the Kyrgyz Republic and owns approximately 32.73% of the outstanding common shares of Centerra.
In connection with the voting for the election of directors, Centerra notes that Kyrgyzaltyn withheld its votes from the election of all director nominees other than Messrs. Orozbaev, Sadyrov and Shakirov. The director nominees other than Messrs. Orozbaev, Sadyrov and Shakirov received, on average, over 97% of the votes cast in favour of their election (excluding the votes attached to the shares of Kyrgyzaltyn).
Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.
1 University Avenue, Suite 1500
Toronto, ON M5J 2P1
tel 416-204-1953 fax 416-204-1954 www.centerragold.com
About Centerra
Centerra is a North-American based gold mining company focused on operating, developing, exploring and
acquiring gold properties in Asia, Canada and other markets worldwide. Centerra is the largest Western- based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.
For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953 [email protected]
Additional information on Centerra is available on the Company's web site at www.centerragold.com
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1 University Avenue, Suite 1500 2
Toronto, ON
M5J 2P1
tel 416-204-1953 fax 416-204-1954 www.centerragold.com