CG Centerra Gold Inc

Centerra Gold Inc. (TSX:CG) announced today its Board of Directors has
authorized a dividend of Cdn$0.04 per common share (total dividend approximately
US$8.7 million at the current exchange rate). The dividend of Cdn$0.04 per
common share is payable on August 28, 2014 to shareholders of record on August
14, 2014. The ex-dividend date will be August 12, 2014.


The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra's dividend policy, the timing and quantum of
dividends are to be determined by the Board of Directors from time to time based
on, among other things, the Company's operating results, cash flow and financial
conditions, Centerra's current and anticipated capital requirements, and general
business conditions. While Centerra currently intends to pay quarterly dividends
to its shareholders, there can be no assurances in this regard.


About Centerra

Centerra is a gold mining company focused on operating, developing, exploring
and acquiring gold properties primarily in Asia, the former Soviet Union and
other markets worldwide. Centerra is a leading North American- based gold
producer and is the largest Western-based gold producer in Central Asia.
Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG.
The Company is headquartered in Toronto, Ontario, Canada.


Cautionary Note Regarding Forward-looking Information

Information contained in this news release which is not a statement of
historical facts, may be "forward-looking information" for the purposes of
Canadian securities laws. Such forward-looking information involves risks,
uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed or implied
by such forward looking information. The words "intends", "continue", "may",
"will", and similar expressions identify forward-looking information. These
forward-looking statements include, but are not limited to, statements with
respect to Centerra's intentions to continue paying quarterly dividends.


Forward-looking information is necessarily based upon a number of estimates and
assumptions that, while considered reasonable by Centerra, are inherently
subject to significant political, business, economic and competitive
uncertainties and contingencies. Such factors include, among other things: the
successful resolution of matters in the Kyrgyz Republic to the benefit of all
shareholders including matters relating to the State Commission report,
government resolutions and decrees, discussions with the Kyrgyz Government on
the Kumtor Project Agreements and a possible restructuring of the Kumtor project
into a joint venture, the resolution of environmental claims for the aggregate
amount of approximately $476 million, the possible effect of the proposed
Glacier Law on mining or other operations at the Kumtor project, claims of the
Kyrgyz Republic's General Prosecutor's Office purporting to unwind the $200
million inter-company dividend declared and paid by KGC to Centerra in December
2013, and the draft Kyrgyz law on denunciation having no material impact on
Kumtor operations; the Kyrgyz Parliament and Government not taking any
unilateral actions that are inconsistent with the Kyrgyz Republic's obligations
under the Kumtor project agreements and the Company's ability to obtain
necessary operating and environmental permits, licenses and approvals; the
political risks associated with Centerra's principal operations in the Kyrgyz
Republic and Mongolia; the sensitivity of the Centerra's business to the
volatility of gold prices; the future price of gold; the impact of changes in,
or to the more aggressive enforcement of, laws, regulations and government
practices in the jurisdictions in which Centerra operates; the Company's ability
to manage the movement of the waste-rock dump at the Kumtor Project; the effect
of the Water and Forest Law on Centerra's operations in Mongolia; ground
movements at the Kumtor project; waste and ice movement at the Kumtor project
and the Company's ability to manage such movements; the estimation of mineral
reserves and resources, the realization of mineral reserve estimates; the
success of Centerra's future exploration and development activities, including
the financial and political risks inherent in carrying out exploration
activities; competition for mineral acquisition opportunities, and such other
factors as described under the heading "Risk Factors" in Centerra's most
recently filed annual information form available on SEDAR at www.sedar.com.


There can be no assurances that forward-looking information and statements will
prove to be accurate, as many factors and future events, both known and unknown
could cause actual results, performance or achievements to vary or differ
materially, from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements contained herein or
incorporated by reference. Accordingly, all such factors should be considered
carefully when making decisions with respect to Centerra, and prospective
investors should not place undue reliance on forward-looking information.
Forward-looking information is as of July 29, 2014. Centerra assumes no
obligation to update or revise forward-looking information to reflect changes in
assumptions, changes in circumstances or any other events affecting such
forward-looking information, except as required by applicable law.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Centerra Gold Inc.
John W. Pearson
Vice President, Investor Relations
(416) 204-1241
john.pearson@centerragold.com
www.centerragold.com

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