Centerra Gold Inc.

09:35 AM EST - Centerra Gold Inc. : Announces highlights from an updated life of mine (“LOM”) for the Mount Milligan Mine.Mount Milligan Mine LOM Highlights: Increase in proven and probable gold mineral reserves from the 2021 year-end mineral reserve and resources summary by 1.1 million contained ounces (1.8 million to 2.9 million) and copper mineral reserves by 260 million contained pounds (736 million to 996 million). The Mount Milligan Mine deposit contains mineral reserves totaling 246.2 million tonnes at 0.37 g/t gold and 0.18% copper. Mine life extended by over four years, extending open pit mining and milling operations to 2033. Increase from the 2020 Mount Milligan Technical Report LOM in total payable gold ounces produced by more than 0.8 million ounces (1.1 million to 1.9 million) and payable copper pounds produced by 191 million pounds (560 million pounds to 751 million pounds) from 2022 onwards. Centerra Gold Inc. shares T.CG are trading unchanged at $6.25.

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