Centerra Gold Extends Its Existing US$150 Million Revolving Credit Facility With the European Bank for Reconstruction - Seite 2

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, economic and competitive uncertainties and contingencies. Such factors include, among other things: the successful resolution of matters in the Kyrgyz Republic to the benefit of all shareholders including matters relating to the State Commission report, government resolutions and decrees, discussions with the Kyrgyz Government on the Kumtor Project Agreements and a possible restructuring of the Kumtor project into a joint venture pursuant to the terms of the heads of agreement (HOA), the potential effects on the proposed restructuring of the Kumtor Project in accordance with the HOA of the legal proceedings involving Stans Energy Corp., the resolution of environmental claims in the Kyrgyz Republic, claims of the Kyrgyz Republic's General Prosecutor's Office purporting to invalidate Kumtor's land use certificate and to seize certain lands within the Kumtor concession areas and to unwind the $200 million inter-company dividend declared and paid by KGC to Centerra in December 2013, and the draft Kyrgyz law on denunciation having no material impact on Kumtor operations; the Kyrgyz Parliament and Government not taking any unilateral actions that are inconsistent with the Kyrgyz Republic's obligations under the Kumtor Project Agreements and the Company's ability to obtain necessary operating and environmental permits, licenses and approvals; the political risks associated with Centerra's principal operations in the Kyrgyz Republic and Mongolia; the sensitivity of the Centerra's business to the volatility of gold prices; the future price of gold; the impact of changes in, or to the more aggressive enforcement of, laws, regulations and government practices in the jurisdictions in which Centerra operates; the Company's ability to manage the movement of the waste-rock dump at the Kumtor Project; the effect of the Water and Forest Law on Centerra's operations in Mongolia; ground movements at the Kumtor Project; waste and ice movement at the Kumtor Project and the Company's ability to manage such movements, including the effectiveness of the buttress constructed at the bottom of the Davidov Glacier; the estimation of mineral reserves and resources, the realization of mineral reserve estimates; the success of Centerra's future exploration and development activities, including the financial and political risks inherent in carrying out exploration activities; competition for mineral acquisition opportunities, and such other factors as described under the heading "Risk Factors" in Centerra's most recently filed annual information form available on SEDAR at www.sedar.com.