Centerra is a growth-oriented Canadian-based gold mining and exploration company engaged in the acquisition, exploration, development and operation of gold properties in Central Asia, the former Soviet Union and other emerging markets worldwide. Our objective is to build shareholder value and to establish Centerra as a senior gold producer 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

We also have interests in promising exploration properties:

• 100% interest in the Gatsuurt property in Mongolia near Boroo
• Nevada:
  • 63% equity interest in the REN joint venture in Nevada, U.S.
  • Tonopah Divide property, Nevada, Centerra has the right to earn up to a 75% interest on this option
• Turkey:
• Artvin project, Turkey, Centerra has the right to earn up to a 70% interest through its joint venture with KEFI Minerals
• 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 the right to earn up to 70% interest through its joint venture with Central Asia Gold AB
• Illichy project, Amur Oblast, Russia, Centerra has the right to earn up to a 70% interest through its joint venture with Amur Gold

The two gold mines operated by the Company produced over 748,888 ounces of gold in 2008 at a total cash cost of $483 per ounce. This ranks Centerra as a leading North American 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 (TSX) under the symbol CG. The Company is based in Toronto, Canada.

The Company expects to produce 620,000 - 630,000 ounces of gold in 2009 at an estimated total cash cost of $410 - $450 per ounce.