Toronto, Canada, May 30, 2016: Centerra Gold Inc. (TSX: CG) (“Centerra” or the “Company”) reports that it has delivered a notice of arbitration (the “Notice”) to the Kyrgyz Republic Government in connection with certain ongoing disputes relating to the Kumtor Project. These include: (i) each of the environmental claims brought by the Kyrgyz Republic State Inspectorate Office for Environmental and Technical Safety (“SIETS”) and the State Agency for Environment Protection and Forestry (“SAEPF”); (ii) the claims of the Kyrgyz Republic General Prosecutor’s Office seeking to unwind a U.S.$200 million inter-corporate dividend paid by Kumtor Gold Company (“KGC”) to Centerra in December 2013 and the related search of KGC’s Bishkek office; and (iii) the withholding of environmental approvals of Kumtor’s 2016 annual mine plan as well as the withholding of certain key operating and environmental permits required for Kumtor’s operations. Under the 2009 Restated Investment Agreement, the arbitration will be determined by a single arbitrator. Centerra has proposed the name of an arbitrator and, failing agreement, will apply to the Permanent Court of Arbitration in The Hague, the Netherlands to appoint an arbitrator. The arbitration proceedings will be held at Stockholm, Sweden and will be conducted under the UNCITRAL rules of […]