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Centerra Gold 2015 Year-End Reserve and Resource Update
This news release contains forward-looking information that is subject to the risk factors and assumptions set out on page 7 and in our Cautionary Note Regarding Forward-looking Information on page 9.
All figures are in United States dollars.
Toronto, Canada, February 9, 2016: Centerra Gold Inc. (TSX: CG) today issued its 2015 year-end estimates for reserves and resources. The Company has used a gold price of $1,200 per ounce as the basis for its reserve estimates.
Highlights:
 Centerra’s proven and probable reserves increased 9% to 8.4 million ounces of contained gold (112.5 Mt at 2.3 g/t gold) from 7.7 million contained ounces a year ago.
 At Centerra’s 100% owned Öksüt Project in Turkey, the Company announced a positive feasibility study in 2015. As a result of this study, the measured and indicated resources on both the Keltepe and Güneytepe deposits were upgraded to an estimated probable reserve of 26.1 million tonnes at 1.4 g/t gold containing 1.2 million ounces of gold at a cut-off grade of 0.3 g/t gold.
 At the Gatsuurt Project in Mongolia, the Mongolian Parliament, after having designated Gatsuurt as a mineral deposit of strategic importance in 2015, approved a 34% state ownership interest in the project on February 4, 2016. Under the Minerals Law, the Government is able to substitute the state ownership with a special royalty. In this regard, the Government can now implement the previously agreed upon 3% special royalty in place of a 34% state ownership interest in Gatsuurt. See the Company’s news releases of February 4, 2016, October 27, 2015 and January 23, 2015. The gold mineral reserves and resources at Gatsuurt remain unchanged from the 2014 year-end statement.
Scott Perry, CEO of Centerra Gold said: “In 2015, our total reserves increased by 9% to 8.4 million ounces of gold. At the Öksüt Project, we successfully converted resources to reserves with the positive feasibility study released in July, which contributed to the increase in our overall reserve base. Now that Mongolian Parliament passed the Gatsuurt ownership resolution, we expect to proceed with negotiating definitive agreements and carry out additional exploration drilling to expand the Gatsuurt resource base as well as geo-technical and hydrogeological drilling in support of eventual project development. The addition to reserves at Öksüt and Gatsuurt advancing to the next step continues to diversify our operations portfolio and solidify our growth pipeline.”

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