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CG.TO ·

Centerra Gold Announces COO Appointment

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 COO Appointment

Toronto, Canada, August 17, 2022: Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE:

CGAU) announced today that Paul Chawrun will be appointed as Chief Operating Officer (“COO”), effective

September 6, 2022.

Mr. Chawrun is a mining engineer with over 30 years of experience in the mining industry. His most recent

executive position was as COO of Teranga Gold Corporation, prior to its acquisition by Endeavour Mining. At

Teranga, he was a key part of a team that transitioned a small single asset gold producer into a mid-tier mining

company. Mr. Chaw run oversaw two producing mines, including responsibility for the construction and

commissioning of one of them , with the final five consecutive years delivering record production and

exceptional Environmental, Social and Governance (“ESG”) performance. His prior previous work experience

includes positions in operations at Fording and Suncor Energy, as well as technical services and corporate

development roles at various mine development companies including Director of Technical Services for the

development of the Detour Gold project . Initially starting his career as an exploration geologist for Corona

Corporation, Mr. Chawrun is a professional engineer with a Bachelor of Science (“B.Sc.”) in Mining

Engineering from Queen’s University, also holding a B.Sc. in Geology from McMaster University and a Master

of Business Administration from Athabasca University.

Scott Perry, President and Chief Executive Officer of Cent erra stated, “ Paul brings a wealth of technical

expertise and years of experience to the Centerra team, maximizing performance of existing operating mines in

addition to bringing a mine into operation. We very much look forward to Paul helping the Company move

forward with a renewed focus on our core operations, the Mount Milligan Mine and the Öksüt Mine. I’m also

excited for Paul to champion our development and future growth opportunities, including the advancement of

the Goldfield Project.”

About Centerra Gold

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

acquiring gold and copper properties in North America, Türkiye, and other markets worldwide. Centerra

operates two mines: the Mount Milligan Mine in B ritish Columbia, Canada, and the Öksüt Mine in Türkiye.

The Company also owns the Goldfield District Project in Nevada, United States, the Kemess Underground

Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the Unit ed

States and Canada. Centerra’s shares trade on the Toronto Stock Exchange (“TSX”) under the symbol CG and

on the New York Stock Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto,

Ontario, Canada.

For more information:

Toby Caron

Treasurer and Director, Investor Relations

(416) 204-1694

[email protected]

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

2

Shae Frosst

Manager, Investor Relations

(416) 204-2159

[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 and EDGAR at www.sec.gov/edgar.

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