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Centerra Gold Announces Board Chair Succession

Management Changes

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

NEWS RELEASE

Centerra Gold Announces Board Chair Succession

Toronto, Canada, September 25, 2019: Centerra Gold Inc. (“Centerra”) (TSX: CG) today announced that

Michael S. Parrett will succeed Stephen A. Lang as independent Chair of the Board of Directors effective

October 1, 2019. Mr. Lang, who joined Centerra’s Board of Directors in 2008 and has held the Chair position

since 2012, will remain as a board member and support an orderly transition.

“On behalf of the Board, I would like to thank Steve for his significant contri butions during his time as Chair

and previously as Chief Executive Officer of the Company. His leadership and guidance at the Board level has

been fundamental to Centerra’s success, including the recent completion of the Strategic Agreement with the

Government of the Kyrgyz Republic,” said Scott Perry, President and Chief Executive Officer of Centerra.

Mr. Parrett, who has served as a director of Centerra since 2014, has over 35 years of experience in the mining

industry, including having served as Chief E xecutive Officer of Billiton Base Metals, President and Chief

Financial Officer of Rio Algom Ltd. and Chief Financial Officer, Treasurer and Controller at Falconbridge Ltd.

He also has significant experience as a corporate director including serving as Chair of the Board of Gabriel

Resources Ltd. He is a Chartered Professional Accountant and received his Bachelor of Arts degree in

Economics from York University.

“As part of our ongoing succession planning Mike was identified as a highly qualified and capab le successor.

The Board is pleased to see Mike assume this Board leadership role and are excited to work with him to continue

Centerra’s success for the benefit of its shareholders and other stakeholders,” said Sheryl Pressler, Chair of

Centerra’s Nominating and Corporate Governance Committee.

About Centerra

Centerra Gold Inc. is a Canadian-based gold mining company focused on operating, developing, exploring and

acquiring gold properties in North America, Asia and other markets worldwide and is the largest Western-based

gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in the Kyrgyz Republic

and the Mount Milligan Mine in British Columbia, Canada and is building its next gold mine, the 100% owned

Öksüt Mine in Turkey. Centerra’s shares trade on the Toronto Stock Exchange (TSX) under the symbol CG.

The Company is based in Toronto, Ontario, Canada.

For more information:

John W. Pearson

Vice President, Investor Relations

Centerra Gold Inc.

(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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