Centerra Gold Shareholders Approve Plan of Arrangement With Kyrgyzaltyn and the Kyrgyz Republic

TORONTO, July 25, 2022 (GLOBE NEWSWIRE) — Centerra Gold Inc. (TSX: CG) (NYSE: CGAU) (“Centerra” or the “Firm”) introduced that on the Firm’s particular assembly of shareholders held earlier as we speak, an amazing majority of Centerra shareholders voted in favor of the decision approving the proposed plan of association which is able to give impact to sure facets of the transactions (collectively, the “Transaction”) contemplated by the beforehand introduced world association settlement (the “Association Settlement”) entered into by, amongst others, Centerra, Kyrgyzaltyn JSC (“Kyrgyzaltyn”) and the Authorities of the Kyrgyz Republic. Additional particulars of the Transaction, together with the plan of association, are described in Centerra’s administration data round (“Round”) mailed to Centerra shareholders in reference to the particular assembly, and which can also be accessible on Centerra’s web site at www.centerragold.com/2022-special-meeting-materials and underneath the Firm’s profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

Detailed voting outcomes for the decision are as follows:

A report on the voting outcomes for the particular assembly will probably be filed underneath the Firm’s profile on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

The closing of the Transaction is topic to, amongst different issues, the Ontario Superior Courtroom of Justice (Business Listing) issuing an order (the “Last Order”) approving the plan of association. The appliance for the Last Order is anticipated to be made on or about July 28, 2022, at 10:00 a.m. (Toronto time), or as quickly thereafter as counsel could also be heard.

Extension of Annual Assembly Deadline

Centerra additionally introduced that it has been granted an extra extension by the Toronto Inventory Trade to carry its annual assembly of shareholders no later than September 30, 2022. Centerra will present additional particulars relating to its annual assembly within the coming weeks.

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Cautionary Notice Concerning Ahead-Wanting Data

Data contained on this doc which aren’t statements of historic information could also be “forward-looking data” for the needs of Canadian securities legal guidelines and throughout the which means of america Non-public Securities Litigation Reform Act of 1995. Such forward-looking data includes dangers, uncertainties and different components that might trigger precise outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such ahead wanting data. The phrases “anticipate”, “ponder”, “could”, “will” and related expressions establish forward-looking data. These forward-looking statements relate to, amongst different issues: the anticipated timing of the satisfaction or waiver of sure situations of the Transaction and the anticipated timing of the Last Order listening to.

Ahead-looking data is essentially primarily based upon quite a lot of estimates and assumptions that, whereas thought-about affordable by Centerra, are inherently topic to important political, enterprise, technical, financial and aggressive uncertainties and contingencies. Identified and unknown components may trigger precise outcomes to vary materially from these projected within the forward-looking data. Elements and assumptions that might trigger precise outcomes or occasions to vary materially from present expectations embody, amongst different issues: the danger that the Ontario court docket doesn’t approve the plan of association and problem the Last Order, and the truth that events have come ahead and indicated that they are going to oppose the issuance of the Last Order; dangers that any of the situations precedent to the Transaction is not going to be glad in a well timed method or in any respect; the affect of any actions taken by the Kyrgyz Authorities, or any of its instrumentalities, or Kyrgyzaltyn previous to the completion of the Transaction; the failure of the Kyrgyz Authorities or Kyrgyzaltyn to adjust to their obligations underneath the Association Settlement; the Kyrgyz Authorities nationalizing or expropriating the Kumtor mine; political and regulatory dangers within the Kyrgyz Republic; useful resource nationalism; the affect of adjustments in, the affect of adjustments in, or extra aggressive enforcement of, legal guidelines, rules and authorities practices; the presence of a big shareholder that could be a state-owned firm of the Kyrgyz Republic and attainable conflicts of curiosity associated thereto; and different actions which could possibly be taken by the Firm in response to the continuing scenario involving the Kumtor mine. For added danger components, please see part titled “Threat Elements” within the Firm’s most just lately filed Annual Data Type and within the Round, every of which can be found on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

There may be no assurances that forward-looking data and statements will show to be correct, as many components and future occasions, each identified and unknown may trigger precise outcomes, efficiency or achievements to range or differ materially from the outcomes, efficiency or achievements which can be or could also be expressed or implied by the forward-looking statements contained or referred to herein. Accordingly, all such components ought to be thought-about fastidiously when making choices with respect to Centerra, and potential traders mustn’t place undue reliance on ahead wanting data. Ahead-looking data contained herein is given as of the date of this press launch. Centerra assumes no obligation to replace or revise forward-looking data to replicate adjustments in assumptions, adjustments in circumstances or every other occasions affecting such forward-looking data, besides as required by relevant regulation.

About Centerra Gold

Centerra Gold Inc. is a Canadian-based gold mining firm targeted on working, growing, exploring and buying gold and copper properties in North America, Turkey, and different markets worldwide. Centerra operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Turkey. Centerra additionally owns the Goldfield District Mission in Nevada, United States, the Kemess Underground Mission in British Columbia, Canada, and owns and operates the Molybdenum Enterprise Unit in america. Centerra’s shares commerce on the Toronto Inventory Trade (“TSX”) underneath the image CG and on the New York Inventory Trade (“NYSE”) underneath the image CGAU. Centerra relies in Toronto, Ontario, Canada.

Further data on Centerra is on the market on the Firm’s website online at www.centerragold.com and at SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.

For extra data:
Toby Caron
Treasurer and Director, Investor Relations
(416) 204-1694
toby.caron@centerragold.com

Shae Frosst
Supervisor, Investor Relations
(416) 204-2159
shae.frosst@centerragold.com

A PDF accompanying this announcement is on the market at http://ml.globenewswire.com/Useful resource/Obtain/b6ea1c29-2e5e-499d-adbf-e79a69ad60e4