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Press release from Marketwire

Centerra Gold Files Updated Kumtor Technical Report for New Life-of-Mine Plan

Thursday, December 20, 2012

Centerra Gold Files Updated Kumtor Technical Report for New Life-of-Mine Plan18:00 EST Thursday, December 20, 2012TORONTO, ONTARIO--(Marketwire - Dec. 20, 2012) - Centerra Gold Inc. (TSX:CG) announced that it has filed on SEDAR today an updated technical report for the Kumtor Mine, which is located in the Kyrgyz Republic. The updated technical report describes in detail Kumtor's new life-of-mine plan (LOM), which extends the open-pit mining and milling operations of the Kumtor Project to 2026. The LOM plan is based only on open-pit mineral reserves. The LOM plan, including mining tonnage, grade, recovery, operating and capital cost estimates, assumptions and risk factors are described in detail in Centerra's November 7, 2012 news release.The technical report is available at the following link: http://file.marketwire.com/release/KumtorTechnicalReport20Dec2012.pdf or on SEDAR at www.sedar.com and on the Company's website at www.centerragold.com.About Centerra Centerra Gold Inc. is a gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based gold producer and 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.Additional information Additional information on Centerra is available on the Company's website at www.centerragold.com and on SEDAR at www.sedar.com.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Centerra Gold Inc.John W. PearsonVice President, Investor Relations416-204-1241john.pearson@centerragold.comwww.centerragold.com