Centerra Gold Announces Retirement of President and Chief Executive Officer Ian Atkinson

NEWS RELEASE

Centerra Gold Announces Retirement of President and Chief Executive Officer Ian Atkinson

Toronto, Canada, March 12, 2015: Centerra Gold Inc. (TSX: CG) announced today that Ian Atkinson, its President and Chief Executive Officer, has informed the Board of Directors of his intention to retire by year-end. October, 2015 will mark 10 years of service by Ian at Centerra as Vice President Exploration, Senior Vice President of Global Exploration, and as President & Chief Executive Officer and a Director. The Board has retained STM Associates to assist in a search, considering internal and external candidates.

About Centerra

Centerra is a North-American based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, Canada and other markets worldwide. Centerra 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.

For more information:

John W. Pearson Vice President, Investor Relations (416) 204-1953 [email protected]

Additional information on Centerra is available on the Company’s web site at

www.centerragold.com and at SEDAR at www.sedar.com.

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1 University Avenue, Suite 1500 Toronto, ON M5J 2P1 tel 416-204-1953 fax 416-204-1954 www.centerragold.com