HispanicBusiness

Exploration Update

To view the graphics, maps/drill sections and complete drill results discussed in this news release, please visit the following link: http://file.marketwire.com/release/CG-Map207.pdf

or visit the Company's web site at: www.centerragold.com.

Kyrgyz Republic

During the fourth quarter of 2012, exploration drilling programs continued in the Kumtor Central Pit and from Declines 1 and 2, infilling and testing for extensions to the SB Zone and the SW Extension of the Kumtor deposit.

Kumtor Pit

In the Central Pit, drilling focused on infilling and expanding portions of the SB and Southwest Extension Zones within and below the KS-13 pit design. Eleven holes were completed and another four holes were in progress at the end of the quarter.

Drilling results received in the quarter include a number of robust intercepts that largely infill the KS-13 reserve and the SB Underground inferred resource published on November 7, 2012. Better results include 6.8 g/t gold over 95.3 metres (including 14.0 g/t over 26.6 metres) in hole D1675 and 5.1 g/t gold over 75.4 metres in D1671. Both holes targeted the SB Zone on Section 18 and lie within the limits of the KS-13 pit design. Forty metres to the east on Section 22, holes D1674 intersected 10.1 g/t gold over 38.0 metres (including 21.2 g/t over 8.4 metres). D1674A, a re-drill of the ore zone from a wedge higher up in hole D1674, intersected 10.2 g/t gold over 63.0 metres (including 34.7 g/t over 3.9 metres and 20.7 g/t over 11.9 metres). These holes infill the SB Zone in the lower portion of the KS-13 pit. Another hole, D1682, intersected 5.8 g/t gold over 87.9 metres (including 11.8 g/t over 21.0 metres and 19.8 g/t over 4.0 metres) immediately below the KS-13 pit and within the SB Underground inferred resource.

Hole D1687, designed to test the SB Zone some 250 metres below the KS-13 pit bottom, intersected 4.4 g/t gold over 105.8 metres (including 15.0 g/t over 3.7 metres). It is an infill hole within the SB Underground inferred resource.

Hole D1681 intersected 12.4 g/t gold over 47.9 metres (including 26.8 g/t over 11.2 metres) on Section 26 near the bottom of the new KS-13 pit design. Forty metres further east on Section 30, hole D1690 intersected 8.3 g/t gold over 57.2 metres (including 16.6 g/t gold over 21.3 metres). This hole also lies within the KS-13 pit.

Further east on Section 38, hole D1692 intersected 6.0 g/t gold over 40.0 metres (including 15.1 g/t over 3.5 metres) and 5.8 g/t gold over 49.0 metres (including 13.1 g/t over 10.4 metres). Forty metres east on Section 42, hole D1672 intersected 8.9 g/t gold over 44.9 metres (including 37.3 g/t gold over 4.0 metres and 18.3 g/t over 4.1 metres) and 6.3 g/t gold over 9.7 metres (including 15.0 g/t over 3.3 metres) on Section 42. Both holes lie 150 to 200 metres below the KS-13 pit and have had a positive impact on year-end resource calculations.

All of these drilling results have been incorporated into the year-end resource update.

Exploration drilling will continue to infill and expand the SB Underground resource in 2013 subject to the availability of drill platforms in the Central Pit. Drilling is also planned for the western limits of the Southwest Extension of the SB Zone and for the Sarytor and Northeast deposits.

Decline Exploration

Nine exploration holes were drilled from Declines 1 and 2 to infill portions of the Southwest Extension and the SB Zones. Seven of the nine holes stopped short of their targeted depths due to difficult drilling conditions, but all nine holes intersected zones of gold mineralization. Better results include 40.7 g/t gold over 2.0 metres, 14.4 g/t gold over 5.0 metres and 5.2 g/t gold over 30.5 metres in hole UD1676 on Section -14 and 18.0 g/t gold over 2.0 metres and 10.4 g/t gold over 15.5 metres in UD1689 on Section -6. Further east on Section 6, hole UD1666 intersected 6.9 g/t gold over 22.6 metres (including 17.5 g/t over 5.5 metres). Also, on Section 6, hole UD1680 reported 3.8 g/t gold over 13.0 metres before it stopped short of completion due to drilling problems.