Centerra Gold Inc. announced the closing of the purchase of the remaining 30% interest in the Öksüt Gold Project, located in central Turkey. Closing of the transaction was conditional on the conversion of six exploration licences to two operation licences and other customary conditions. The two operation licences were received on January 16, 2013.

On closing Centerra became the sole owner of the Öksüt Gold Project and assumed operatorship and day to day management of the project. In 2013, the exploration program will focus on expanding and upgrading the Öksüt gold resource, advancing ongoing metallurgical testwork and initiating detailed environmental and technical project studies.