Centerra Gold Comments on Media Reports Regarding Kumtor
TORONTO, ONTARIO -- May 12, 2008 - Centerra Gold Inc. (TSX: CG) reported that according to press reports today the Supreme Court of the Kyrgyz Republic has issued an order to the Government suspending certain of the Company's agreements and licenses in relation to the Kumtor Project, pending resolution of claims currently before the lower courts. According to the reports, the order was issued pursuant to an application to the Supreme Court by the vice-speaker of the Kyrgyz Parliament and in relation to earlier proceedings begun by the vice-speaker in a lower court against the Government, as previously reported on by the Company in its first quarter report. The Company is seeking further information and will seek clarification from the Government. The Company is not party to any of the proceedings, did not receive any notice of the application to the Supreme Court and has not received any official notice of the order. As the Company has previo
usly stated, disputes with respect to the project are subject to international arbitration.
About Centerra
Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG. The Company is based in Toronto, Canada.
Additional information
ADDITIONAL INFORMATION ON CENTERRA IS AVAILABLE ON SEDAR AT WWW.SEDAR.COM AND THE COMPANY'S WEBSITE AT WWW.CENTERRAGOLD.COM. 
CONTACT INFORMATION:
CENTERRA GOLD INC.
JOHN W. PEARSON
DIRECTOR, INVESTOR RELATIONS
(416) 204-1241
WEBSITE: WWW.CENTERRAGOLD.COM
RENMARK FINANCIAL COMMUNICATIONS INC.
HENRI PERRON : HPERRON@RENMARKFINANCIAL.COM
VICTORIA STEPANOVA : VSTEPANOVA@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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Centerra Gold Inc
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PRODUCER |
CODE : CG.TO |
ISIN : CA1520061021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Centerra Gold is a gold producing company based in Canada. Centerra Gold holds various exploration projects in Russia. Its main assets in production are KUMTOR in Kyrgyzstan and BOROO in Mongolia, its main asset in development is GATSUURT in Mongolia and its main exploration properties are AKARCA in Turkey and REN and KARA BELDYR in Russia. Centerra Gold is listed in Canada and in Germany. Its market capitalisation is CA$ 2.3 billions as of today (US$ 1.9 billions, € 1.6 billions). Its stock quote reached its lowest recent point on October 24, 2008 at CA$ 0.79, and its highest recent level on April 21, 2023 at CA$ 9.99. Centerra Gold has 291 280 000 shares outstanding. |