Centerra Gold Inc.

Centerra Gold Inc.

March 24, 2005 11:27 ET

Centerra Gold Issues Update on Operations at its Kumtor Mine


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CENTERRA GOLD INC.

TSX SYMBOL: CG

MARCH 24, 2005 - 11:27 ET

Centerra Gold Issues Update on Operations at its
Kumtor Mine

TORONTO, ONTARIO--(CCNMatthews - March 24, 2005) - Centerra Gold Inc.
(TSX:CG) today reported that operations at its Kumtor mine, in the
Kyrgyz Republic, are currently unaffected by the civil unrest reported
in some areas of the country.

The Company continues to closely monitor and evaluate the situation and
will issue further updates as warranted.

The Kumtor mine is located about 350 kilometres east of the Kyrgyz
Republic capital of Bishkek.

About Centerra

Centerra is a growth-oriented, pure-play gold company focused on
acquiring, exploring, developing and operating gold properties primarily
in Central Asia, the former Soviet Union and other emerging markets. The
two gold mines operated by the Company produced 903,030 ounces in 2004
at a total cash cost of $189 per ounce. 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 (TSX) under the symbol CG. The Company is
based in Toronto, Canada.

Additional information on Centerra is available on the Company's web
site at www.centerragold.com and at SEDAR at www.sedar.com.

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