Sep 25, 2008 16:53 ET

TORONTO, ONTARIO–(Marketwire - Sept. 25, 2008) - Centerra Gold Inc. (TSX:CG) stated today that as a result of ongoing discussions with the Kyrgyz Government regarding the Kumtor project it has agreed to suspend the international arbitration proceedings initiated by the Company, which had been previously postponed to September 29, 2008. The parties have agreed that this suspension will allow for these discussions to continue and for the parties to concentrate on resolving outstanding issues relating to the project.

About Centerra

Centerra is a growth-oriented, gold Company focused on acquiring, exploring, developing and operating gold properties primarily in Asia, the former Soviet Union and other emerging markets worldwide. Centerra is a leading North American-based 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 under the symbol CG. The Company is based in Toronto, Canada.

Additional information

Additional information on Centerra is available on SEDAR at www.sedar.com and the Company’s website at www.centerragold.com.