Centerra Gold Announces Quarterly Dividend of Cdn$0.04 per Share

TORONTO, ONTARIO--(Marketwired - July 29, 2014) - Centerra Gold Inc. (TSX:CG) announced today its Board of Directors has authorized a dividend of Cdn$0.04 per common share (total dividend approximately US$8.7 million at the current exchange rate). The dividend of Cdn$0.04 per common share is payable on August 28, 2014 to shareholders of record on August 14, 2014. The ex-dividend date will be August 12, 2014.

The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra's dividend policy, the timing and quantum of dividends are to be determined by the Board of Directors from time to time based on, among other things, the Company's operating results, cash flow and financial conditions, Centerra's current and anticipated capital requirements, and general business conditions. While Centerra currently intends to pay quarterly dividends to its shareholders, there can be no assurances in this regard.

About Centerra

Centerra is a gold mining company focused on operating, developing, exploring and acquiring gold properties primarily in Asia, the former Soviet Union and other 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.

Cautionary Note Regarding Forward-looking Information

Information contained in this news release which is not a statement of historical facts, may be "forward-looking information" for the purposes of Canadian securities laws. Such forward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward looking information. The words "intends", "continue", "may", "will", and similar expressions identify forward-looking information. These forward-looking statements include, but are not limited to, statements with respect to Centerra's intentions to continue paying quarterly dividends.