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NEWS RELEASE TRANSMITTED BY Marketwire
FOR: CENTERRA GOLD INC.
Newly Appointed Prime Minister of the Kyrgyz Republic Comments Against Recent Parliamentary ActionAPR 4, 2007 - 17:22 ET
TORONTO, ONTARIO--(CCNMatthews - April 4, 2007) - Centerra Gold Inc. (TSX:CG) reported that, according to published reports, the newly appointed Prime Minister of the Kyrgyz Republic, Mr. Almazbeck Atambaev, stated today that the top leadership of the country would not nationalize gold mines. "We must talk. I'm all in favour of negotiations both in politics and the economy," the Prime Minister said, commenting on proposed legislation recently accepted for further deliberation by the Parliament that would be harmful to Centerra's and other gold miners' rights.
Although, Centerra does not generally comment on statements made by public officials, we believe that this statement made by the Prime Minister condemning the recent Parliamentary action, which had no legislative effect, but was previously reported by the Company, should be brought to our shareholders' attention.
The Company continues to monitor political developments in the Kyrgyz Republic and will issue additional statements as warranted.
Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets. Centerra is a leading North American-based gold producer and the largest Western-based gold producer in Central Asia and the former Soviet Union. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG. The Company is based in Toronto, Canada.
Forward Looking Statements
Statements contained in this news release which are not historical facts are forward-looking statements that involve 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 statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things: volatility and sensitivity to market prices for gold; replacement of reserves; equipment failure; unexpected geological or hydrological conditions; political risks arising from operating in certain developing countries; defects in title; imprecision in reserve estimates; success of future exploration and development initiatives; competition; operating performance of the facilities; environmental and safety risks including increased regulatory burdens; seismic activity, weather and other natural phenomena; failure to obtain necessary permits and approvals from government authorities; changes in government regulations and policies, including trade and tax laws and policies; ability to maintain and further improve positive labour relations; and other development and operating risks. For further discussion of the factors that could cause actual results to differ materially, please refer to Centerra's Annual Information Form and Annual Management's Discussion and Analysis for the year ended December 31, 2006, available on SEDAR at www.sedar.com.
Additional information on Centerra is available on SEDAR at www.sedar.com and the Company's website at www.centerragold.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
Centerra Gold Inc.
John W. Pearson
Director, Investor Relations