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NEWS RELEASE TRANSMITTED BY Marketwire
FOR: CENTERRA GOLD INC.
Centerra Gold Kumtor Mine Work StoppageOCT 1, 2010 - 06:29 ET
TORONTO, ONTARIO--(Marketwire - Oct. 1, 2010) - Centerra Gold Inc. (TSX:CG) announced that unionized employees of its Kumtor Mine in the Kyrgyz Republic commenced strike action on Friday, October 1. The Company believes this work stoppage is illegal as there is a collective agreement in place which expires on December 31, 2010. Production at the mine has been suspended. The Company is in discussions with the union to resolve the strike action.
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, Canada.
FOR FURTHER INFORMATION PLEASE CONTACT:
Centerra Gold Inc.
John W. Pearson
Vice President, Investor Relations