Centerra's Kumtor project receives environmental claims from Kyrgyz authorities

Centerra Gold Inc. announces that its subsidiary, Kumtor Operating Company CJSC, has received five claims from the State Inspectorate Office for Environmental and Technical Safety under the Government of the Kyrgyz Republic ("SEITS") relating to alleged environmental damages at the Kumtor Project. The claims are for an aggregate amount of approximately $152 million, including (i) a claim for approximately $142 million for alleged damages in relation to the placement on waste dumps of waste rock from mining operations (2000 to date); (ii) a claim for approximately $4 million for use of water resources for the period of 2000 to date; (iii) a claim for approximately $2.8 million for waste placed in the tailings management facility and for emissions for 2009-2011; and (iv) a claim for approximately $2.3 million for alleged damages caused to land resources at the time of initial construction of the Kumtor facilities. The claims by SEITS reference the review of the Kumtor Project carried out by the environmental and technical working group of the Kyrgyz Republic State Commission. (See the Company's news release of November 7, 2012 under the heading "Corporate Development" for further discussion on the State Commission and the associated Parliamentary Commission.)
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