Centerra Gold 2009 Fourth Quarter and Year-End Results Conference Call and Webcast

NEWS RELEASE

Centerra Gold 2009 Fourth Quarter and Year-End Results Conference Call and Webcast

TORONTO, CANADA – January 20, 2010 – Centerra Gold Inc. (TSX: CG) will host a conference call and webcast of its 2009 fourth quarter and year-end financial and operating results at 11:00 am Eastern time on Wednesday, February 24, 2010. The results are scheduled to be released after the market close on Tuesday, February 23, 2010.

North American participants should dial the toll-free number (800) 667-9701. International participants may access the call at +1 (416) 359-1270. The call will also be broadcast live on the internet at www.centerragold.com.

An audio recording of the call will be available approximately two hours after the call via telephone until midnight Eastern Time on Wednesday, March 3, 2010. The recording can be accessed by calling (416) 626-4100 or (800) 558-5253 and using the passcode 21456846. In addition the webcast will be archived on Centerra Gold’s website www.centerragold.com.

Centerra is a growth-oriented, gold mining company focused on acquiring, exploring, developing and operating gold properties primarily in Central Asia, the former Soviet Union and other emerging markets worldwide. Centerra is 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

Additional information on Centerra is available on the Company’s website at www.centerragold.com and on SEDAR at www.sedar.com.

For further information, please contact:

John W. Pearson Vice President, Investor Relations Centerra Gold Inc.

416-204-1241 [email protected]

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