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CG.TO ·

Centerra Gold Announces Election of Directors

Shareholder Meetings

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 Election of Directors

Toronto, Canada, May 1, 2018: Centerra Gold Inc. (TSX: CG) (“Centerra” or the “Company”) announces

that the 11 nominees listed in the management information circular for its 2018 annual meeting of shareholders

(the “Meeting”) held earlier today were elected as directors of Centerra. The vote for director nominees was

conducted by ballot. 250,319,873 shares were represented at the Meeting, representing 86.75% of Centerra’s

issued and outstanding common shares. The detailed results of the vote for the election of directors are set out

below:

Nominee Votes For % Votes For Votes Withheld % Votes

Withheld

Richard W. Connor 236,214,876 97.47 6,139,084 2.53

Eduard Kubatov 234,696,732 96.84 7,657,228 3.16

Askar Oskombaev 229,386,603 94.65 12,967,357 5.35

Stephen A. Lang 234,763,475 96.87 7,590,485 3.13

Michael Parrett 236,690,133 97.66 5,663,827 2.34

Jacques Perron 229,358,651 94.64 12,995,309 5.36

Scott G. Perry 232,955,779 96.12 9,398,181 3.88

Sheryl K. Pressler 235,543,973 97.19 6,809,987 2.81

Bektur Sagynov 229,386,143 94.65 12,967,817 5.35

Bruce Walter 228,378,579 94.23 13,975,381 5.77

Susan Yurkovich 242,297,312 99.98 56,648 0.02

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

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 100% owned Öksüt Gold 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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