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Centerra Gold Announces Dividend of C$0.04 per share

Corporate Actions

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 Dividend of C$0.04 per share

Toronto, Canada, March 26, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) announced today that its

Board of Directors has authorized a dividend of C$0.04 per common share or C$11,751,182 (approximately

US$8.2 million at the current exchange rate). The dividend of C$0.04 per common share is payable on April

22, 2020 to shareholders of record on April 8, 2020. The ex-dividend date will be April 6, 2020. The dividend

is an eligible dividend for Canadian income tax purposes.

Centerra continues to monitor closely and proactively the evolving situation relating to COVID-19 and how it

may affect the Company’s bu siness. The Company notes that going forward, in addition to the other factors

that the Board of Directors normally considers in connection with the declaration of dividends, it will also need

to carefully consider whether , and the extent to which, developments relating to COVID -19 may affect its

dividend program. In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to

be determined by the B oard of D irectors from time to time based on, among other things, the Company’s

operating results, cash flow and financial conditions, Centerra’s current and anticipated capital requirements,

and general business conditions.

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 one of the largest

Western-based gold producers 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 now has a third operating 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

(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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