Centerra Gold Closes Transaction to Acquire Remaining 30% Interest in the Oksut
Gold Project in Turkey
TORONTO, ONTARIO -- (Marketwire) -- 01/24/13 -- Centerra Gold Inc.
(TSX:CG) is pleased to announce the closing of the purchase of the
remaining 30% interest in the Oksut Gold Project, located in central
Turkey (see news release December 12, 2012). Closing of the
transaction was conditional on the conversion of six exploration
licences to two operation licences and other customary conditions.
The two operation licences were received on January 16, 2013. On
closing Centerra became the sole owner of the Oksut Gold Project and
assumed operatorship and day to day management of the project. In
2013, the exploration program will focus on expanding and upgrading
the Oksut gold resource, advancing ongoing metallurgical testwork and
initiating detailed environmental and technical project studies.
Centerra 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 on Centerra is available on the Company's web
site at www.centerragold.com and at SEDAR at www.sedar.com.
Centerra Gold Inc.
John W. Pearson
Vice President, Investor Relations
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