CGI Oksut Press Release_Ortacam North Oct_Nov 2012

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Centerra Gold Inc. - Stratex JV, Oksut Project Ortacam North 2012 Drill Results Period October 1st, 2012 to November 30th, 2012 Page 1 of 2

Drill Hole

Target

From (m) includes

ODD70

Step-out West

To (m)

Core Length (m)

Au (g/t)

Oxidation oxide/sulphide

44.9

151.5

106.6

0.59

107.1

124.1

17.0

1.10

oxide

168.8

237.5

68.7

0.39

oxide/sulphide

243.6

300.8

57.2

0.40

oxide

318.7

326.9

8.2

0.66

oxide

43.3

14.0

0.34

oxide oxide

ODD71

Kizilagil

29.3

ODD72

Step-out West

68.4

93.7

25.3

0.47

91.3

107.3

16.0

0.27

oxide

145.9

155.5

9.6

0.27

oxide

190.7

200.2

9.5

0.22

oxide

249.5

264.0

14.5

0.38

oxide

325.2

336.0

10.8

0.22

oxide

33.5

69.3

35.8

0.97

oxide/sulphide

41.9 116.2

64.2 121.2

1.41 0.32

oxide/partially oxidised oxide

113.1

124.8

11.7

0.20

oxide

137.0

147.0

10.0

0.30

oxide

295.9

302.7

6.8

0.75

oxide

329.6

345.3

15.7

0.72

oxide

362.8

376.1 EOH

13.3 0.27 No Signficant Intercepts

oxide

50.9

64.6

13.7

0.22

oxide

195.1

243.9

48.8

0.41

oxide

249.9

256.9

7.0

0.43

oxide

269.9

337.2

67.3

0.87

oxide

ODD73

Step-out to Northwest

ODD74

Step-out to West

ODD75

Infill

ODD76

Step-out to Northwest

ODD77

Step-out to West

ODD78

Devetasi

ODD79

ODD80

ODD81

includes

No Signficant Intercepts

Infill

Infill

Infill

Notes:

22.3 5.0 Metallurgical Hole

includes

286.9

299.9

13.0

1.21

oxide

includes

312.9 52.3

325.5 57.3

12.6 5.0

1.94 1.42

oxide oxide

80.0

276.3

196.3

3.33

oxide/partially oxidised

includes

80.0 288.0

218.8 314.0

138.8 26.0

4.60 0.31

oxide/partially oxidised oxide

73.5

93.8

20.3

0.67

oxide

includes

87.1 103.2

92.8 176.6

5.7 73.4

1.57 1.36

oxide oxide/partially oxidised

includes

105.2

124.3

19.1

2.33

oxide

includes

134.3 228.5

160.4 246.8

26.1 18.3

1.51 0.70

oxide/partially oxidised oxide

265.8

322.0 EOH

56.2

0.87

oxide/sulphide

includes

312.7

322.0 EOH

9.3

3.00

sulphide

Mineralized intervals are greater than 0.20 g/t Au. Higher grade sub-intervals are greater than 1.00 g/t Au. Minimum 5m width and maximum of 5m internal dilution. Reported core lengths may not be representative of true widths. Oxidation assignment is a visual discrimination from core logging. This information should be read together with our news release of December 12th, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101. Tables are current to November 30th, 2012.

Centerra Gold Inc. - Stratex JV, Oksut Project Ortacam North 2012 Drill Results Period October 1st, 2012 to November 30th, 2012 Page 2 of 2

Drill Hole

Target

From (m)

To (m)

Core Length (m)

Au (g/t)

39.7

252.2

212.5

0.40

oxide

95.3

106.7

11.4

1.13

oxide

264.2

272.2

8.0

0.20

oxide

288.2

302.2

14.0

0.21

oxide

359.0

369.8

10.8

0.87

oxide

125.6

231.6

106.0

0.57

oxide

includes

135.6

140.6

5.0

1.38

oxide

includes

160.3 265.6

170.3 277.6

10.0 12.0

1.10 0.28

oxide oxide

372.0

380.5

8.5

0.22

oxide

147.7

152.7

5.0

0.28

oxide

159.6

193.5

33.9

1.05

oxide

includes

168.6 387.2

184.5 436.6

15.9 49.4

1.70 0.41

oxide sulphide

34.5

244.0

209.5

1.35

oxide

includes

34.5

56.6

22.1

4.03

oxide

includes ODD82

ODD83

ODD84

ODD85

ODD86

ODD87

ODD88

ODD89

Infill

Step-out to Southwest

Step-out to Southeast

Infill

Infill

Infill

Infill

Infill

Notes:

Oxidation

includes

79.0

108.0

29.0

2.55

oxide

includes

115.0

131.0

16.0

1.31

oxide

includes

147.0

153.0

6.0

1.66

oxide

includes

173.5

183.0

9.5

1.21

oxide

includes

212.0 259.0

217.0 265.0

5.0 6.0

2.54 0.25

oxide oxide

294.0

303.0

9.0

0.26

oxide

308.3

313.3

5.0

0.22

oxide

324.3

362.0

37.7

0.39

oxide

60.3

66.3

6.0

0.24

oxide oxide/partially oxidised

86.6

355.8

269.2

2.16

includes

86.6

163.0

76.4

2.41

oxide

includes

170.0

247.5

77.5

3.11

oxide

includes

247.5

280.2

32.7

3.15

partially oxidised

includes

307.3 83.2

327.4 331.2

20.1 248.0

1.04 2.46

oxide oxide/partially oxidised

includes

85.2

139.0

53.8

5.28

oxide

includes

159.0 48.8

263.6 65.0

104.6 16.2

2.80 1.03

oxide/partially oxidised oxide

includes

53.5 81.7

62.0 320.5

8.5 238.8

1.60 1.03

oxide oxide

includes

92.0

110.3

18.3

2.48

oxide

includes

121.5

133.5

12.0

1.52

oxide

includes

158.0 330.5

196.0 353.3

38.0 22.8

1.97 0.42

oxide oxide

385.5

401.8 EOH

16.3

0.25

oxide

24.8

55.3

30.5

0.66

oxide oxide/partially oxidised

65.8

209.2

143.4

1.10

includes

66.8

89.2

22.4

3.98

oxide

includes

113.3 215.2

147.0 243.2

33.7 28.0

1.00 0.27

oxide oxide

269.8

316.9

47.1

0.36

oxide

360.0

367.0

7.0

0.21

oxide

Mineralized intervals are greater than 0.20 g/t Au. Higher grade sub-intervals are greater than 1.00 g/t Au. Minimum 5m width and maximum of 5m internal dilution. Reported core lengths may not be representative of true widths. Oxidation assignment is a visual discrimination from core logging. This information should be read together with our news release of December 12th, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101. Tables are current to November 30th, 2012.

Centerra Gold Inc. - Stratex JV, Oksut Project Ortacam North 2012 Drill Locations Period October 1st, 2012 to November 30th, 2012 Page 1 of 1

Drill Hole

Location Easting *

Location Northing *

Elevation (m)

Length (m)

ODD70

719,355

4,240,609

1,808.9

414.7

257

-50

ODD71

718,634

4,240,938

1,644.5

364.6

257

-50

ODD72

718,968

4,240,622

1,738.8

305.2

257

-60

ODD73

719,044

4,240,743

1,744.9

361.0

257

-60

ODD74

719,259

4,240,589

1,793.4

229.2

257

-50

ODD75

719,452

4,240,538

1,817.2

328.2

257

-50

ODD76

719,140

4,240,765

1,775.0

376.1

257

-60

ODD77

719,256

4,240,494

1,785.0

312.0

257

-50

ODD78

717,776

4,240,456

1,726.5

290.2

35

-60

ODD79

719,566

4,240,614

1,834.3

354.5

257

-60

ODD80

719,459

4,240,502

1,828.3

402.6

257

-60

ODD81

719,571

4,240,433

1,852.2

322.0

257

-60

ODD82

719,318

4,240,565

1,801.6

376.0

257

-60

ODD83

719,455

4,240,360

1,826.9

405.2

257

-50

ODD84

719,734

4,240,408

1,881.9

437.8

257

-50

ODD85

719,504

4,240,601

1,822.6

370.5

257

-60

ODD86

719,512

4,240,515

1,827.9

462.0

257

-60

ODD87

719,508

4,240,556

1,820.6

401.2

257

-50

ODD88

719,503

4,240,646

1,829.4

401.8

257

-50

ODD89

719,454

4,240,585

1,814.0

400.0

257

-60

Collar Collar Dip Azimuth **

* Datum is UTM ED50 Zone 36 ** Azimuths are relative to grid Notes:

This information should be read together with our news release of December 12th, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101. Tables are current to November 30th, 2012.

Oksut Project Location, Geology Map and Drillhole Locations

Kizilagil Zone

Ortacam North Zone

Oksut Project Location

Devetasi Zone Oksut Property Boundary

Buyukmese Zone Kizilagil Devetasi

Ortacam North

Ortacam Zone

Ortacam

Buyukmese Kucukmese

Kucukmese Zone

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Geology Plan Map and Drillhole Locations

ODD66 ODD67 ODD76

ODD63

ODD73

ODD62 ODD65 ODD68 ODD69

ODD72

ODD88 ODD57

ODD93 ODD61

ODD79 ODD70 ODD85 ODD59 ODD45 ODD89 ODD91 ODD52 ODD82 ODD87 ODD75 ODD48 ODD90 ODD26 ODD28 ODD86 ODD58 ODD80 ODD28A ODD77 ODD55 ODD46 ODD51 ODD49 ODD23 ODD81 ODD50 ODD94 ODD84 ODD24 ODD47 ODD60 ODD56 ODD83 ODD74

ODD54

ODD92 ODD64

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD83 and ODD84 ODD84

SW

ODD60



ODD56

ODD83 Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD54



ODD56 1.25 / 59.0m Incl. 1.48 / 15.8m 1.84/ 23.7m

ODD56 0.64 / 13.0m





ODD56 0.69 / 18.0m Incl. 1.21 / 5.0m

ODD83 0.57 / 106.0m Incl. 1.38 / 5.0m 1.10 / 10.0m

ODD83 0.28 / 12.0m

ODD60 0.72 / 88.2m Incl. 1.00 / 10.0m 1.27 / 20.7m ODD60 0.82 / 80.5m Incl. 1.94 / 19.8m 1.01 / 10.0m

ODD56 1.25 / 59.0m

ODD60 0.72 / 27.5m Incl. 1.82 / 9.3m

ODD83 0.22 / 8.5m

ODD60 0.28 / 14.1m

ODD84 0.41 / 49.4m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.



ODD84 0.28 / 5.0m ODD84 1.05 / 33.9m Incl. 1.70 / 15.9m

Ortacam North Section ODD81 SW

ODD81



Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD81 0.67 / 20.3m Incl. 1.57 / 5.7m

ODD81 1.36 / 73.4m Incl. 2.33 / 19.1m 1.51 / 26.1m

ODD81 0.87 / 56.2m Incl. 3.00 / 9.3m

ODD81 0.70 / 18.3m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD80 and ODD86 ODD80

ODD86

ODD46 ODD46 0.71 / 30.0m



ODD80 1.42 / 5.0m Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD80 3.33 / 196.3m Incl. 4.60 / 138.8m

ODD80 0.31 / 26.0m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

ODD86 0.24 / 6.0m

ODD86 2.16 / 269.2m Incl. 2.41 / 76.4m 3.11 / 77.5m 3.15 / 32.7m 1.04 / 20.0m

Ortacam North Section ODD75, ODD77 and ODD87 SW

ODD28A 0.54 / 47.3m

Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD51 0.53 / 202.6m



ODD28 1.38 / 9.0m

●●



● ● ●

ODD52 0.34 / 12.6m ODD52 2.06 / 199.6m Incl. 4.70 / 60.3m 1.55 / 27.9m 1.54 / 19.8m 1.56 / 6.0m

ODD26 0.49 / 104.7m ODD48 1.83 / 220.2m Incl. 2.13 / 32.0m 1.34 / 42.7m 2.35 / 110.2m

ODD87 2.46 / 248.0m Incl. 5.28 / 53.8m 2.80 / 104.6m

ODD59 0.50 / 125.7m Incl. 1.30 / 5.9m Incl. 1.12 / 7.6m

ODD52 0.33 / 14.0m ODD52 0.33 / 9.0m

ODD52 0.30 / 47.4m ODD59 0.50/ 51.6m Incl. 1.10 / 10.6m ODD59 0.29 / 11.0m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD79, ODD82, ODD85 and ODD89 SW ODD82



Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD89 ODD85



ODD79 0.41 / 48.8m

ODD85 0.25 / 6.0m

ODD79 0.43 / 7.0m

ODD85 0.26 / 9.0m ODD89 0.36 / 47.1m ODD85 0.22 / 5.0m

ODD85 0.39 / 37.7m ODD82 0.87 / 10.8m

ODD79 0.22 / 13.7m ODD85 1.35 / 209.5m Incl. 4.03 / 22.1m 2.55 / 29.0m 1.31 / 16.0m 1.66 / 6.0m 1.21 / 9.5m 2.54 / 5.0m

ODD89 0.66 / 30.5m

ODD89 0.27 / 28.0m

ODD82 0.21 / 14.0m





ODD89 1.10 / 143.3m Incl. 3.98 / 22.4m 1.00 / 33.7m

ODD82 0.40 / 212.5m Incl. 1.13 / 11.4m

ODD82 0.20 / 8.0m

ODD79

ODD79 0.87 / 67.3m Incl. 1.21 / 13.0m 1.94 / 12.6

ODD89 0.21 / 7.0m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD70, ODD74 and ODD88 ODD57 0.55 / 16.6m

SW Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD74 0.97 / 35.8m Incl. 1.41 /22.3m





●●



ODD57 0.73 / 5.2m

ODD88 1.03 / 16.2m Incl. 1.60 / 8.5m ODD61 0.54 / 11.9m

ODD70 0.59 / 106.6 Incl. 1.10 / 17.0m

ODD88 1.03 / 238.8m Incl. 2.48 / 18.3m 1.52 / 12.0m 1.97 / 38.0m

ODD74 0.32 / 5.0m ODD61 1.00 / 106.3m Incl. 1.94 / 18.6m 2.80 / 6.6m 1.22 / 7.8m

ODD70 0.39 / 68.7m ODD70 0.40 / 57.2m

ODD57 1.02 / 229.1m Incl. 3.24 / 7.0m 1.53 / 93.2m

ODD70 0.66 / 8.2m

ODD61 0.44 / 31.7m

ODD88 0.25 / 16.3m



ODD88 0.42 / 22.8m

ODD61 1.02 / 8.6m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD72

SW ODD68

Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)

ODD69



ODD72



ODD72 0.47 / 25.3m



ODD65



ODD62



ODD68 0.39 / 13.2m ODD62 0.70 /131.6m Incl. 2.00 / 18.9m 1.03 / 11.0m ODD65 0.51 / 199.0m

ODD69 0.24 / 8.7m

ODD68 0.35 / 112.1m ODD62 0.35 / 19.20m

ODD69 0.24 / 20.7m



ODD62 0.52 / 9.9m

ODD65 0.51 / 199.0m

ODD69 0.59 / 27.0m

ODD63

ODD68 0.23 / 13.7m ODD69 0.37 / 5.0m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

Ortacam North Section ODD73 and ODD76 ODD66

SW

ODD67

ODD76

Bulk (0.2 g/t Au Cut-off) Sulphide Only (0.2 g/t Au Cut-off)



ODD73 ODD76 0.30 / 10.0m





ODD76 0.20 / 11.7m

ODD73 0.27 / 16.0m

ODD67 0.28 / 14.0m

ODD73 0.27 / 9.6m

ODD67 0.22 / 8.0m

ODD73 0.22 / 9.5m

ODD67 0.39 / 63.8m

ODD73 0.38/ 14.5m

ODD66 0.32 / 56.1m

ODD73 0.22 / 10.8m

ODD76 0.75 / 6.8m ODD76 0.72 / 15.7m ODD76 0.27 / 13.3m

This information should be read together with our news release of December 12, 2012. David A. Groves, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.