Corporate

Centerra is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in Asia, the former Soviet Union and other emerging markets worldwide. Our objective is to build shareholder value and to establish annual gold production of 1.5 million ounces by maximizing the potential of our current properties and leveraging our financial strength and experience to acquire new long-life, low-cost projects.

Currently, we have two producing gold mines:

• 100% interest in the Kumtor mine in the Kyrgyz Republic
• 100% interest in the Boroo mine in Mongolia

A development property:

• 100% interest in the Gatsuurt property in Mongolia near Boroo

We also have interests in promising exploration properties:

• Nevada:
  • Tonopah Divide property, Nevada, Centerra has earned a 60% interest on this option with Tonogold Resources Inc.
  • Oasis property, Nevada, Centerra has the right to earn up to a 75% interest through its joint venture with Redstar Gold Corp.
• Turkey:
  • Akarca, Samli and Emali projects, Turkey, Centerra has the right to earn up to 70% interest through its joint venture with Eurasian Minerals
  • Oksut project, Turkey, Centerra has the right to earn up to a 70% interest through its joint venture with Stratex International Plc
• Russia:
  • Kara Beldyr project in the Tyva Republic in Russia, Centerra has earned a 50% interest and has exercised its option to earn up to 70% interest through its joint venture with Central Asia Gold AB
• Mongolia:
  • Sumber Joint Venture, Mongolia, Centerra has the right to earn up to a 75% interest through its joint venture with Altairgold LLC.

The two gold mines operated by the Company produced 678,941 ounces of gold in 2010 at a total cash cost of $444 per ounce. This ranks Centerra as a leading North American gold producer and 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 based in Toronto, Canada.

At the end of Q3-2011 the Company announced its consolidated 2011 gold production guidance increased to a range of 640,000 to 660,000 ounces from its previous estimate of 600,000 to 650,000 ounces. The Company’s estimated cash cost changed to $480 - $500 per ounce from the previous estimate of $460 - $495 per ounce.