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Company Response

13 Feb 2012

Author:
Stephen Lang, Centerra Gold

Centerra Gold response

Dr. Moran’s report covers a wide range of issues, and we are preparing a comprehensive response which will be forwarded in the coming weeks. In the meantime...I wish to clarify and correct...a number of points emerging from his report, which paints an inaccurate picture of Kumtor’s environmental practices and of the regulatory framework within which it operates...[T]he Kumtor mine has a record of safe, environmentally responsible mining in the Kyrgyz Republic...Centerra’s Corporate Responsibility Report, 2010 provides a comprehensive description of its policies and practices (http://www.centerragold.com/sites/default/files/2010centerra_cr_report-final.pdf)...Parliamentary Working Group, accompanied by technical experts, visited the mine in June 2011, took water samples, and found “no deviations” from required standards...Repeated testing of water from Petrov Lake has determined that there is no detectable arsenic in the Lake...Kumtor’s tailing pond is regularly inspected by the Kyrgyz authorities and other experts. Audits and inspections have concluded that the tailings pond and dam are performing to design and incompliance with all regulatory requirements.