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Centerra Gold Announces First Gold Pour at the Öksüt Mine

Production Results Mine Development & Operations

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 First Gold Pour at the Öksüt Mine

Toronto, Canada, January 31, 2020: Centerra Gold Inc. (“Centerra”) (TSX: CG) is pleased to announce that

the first gold pour from its Öksüt Mine in Turkey occurred today which is on schedule and ahead of budget.

Additionally, the project achieved a significant safety milestone this week, achieving two million work hours

Lost Time Injury Free.

Scott Perry, President and Chief Executive Officer of Centerra stated, “Congratulations to the team at Öksüt on

pouring first gold and for doing so safely. This is an important milestone for the project and for the growth of

the Company as Öksüt is now our third operating mine and our third source of gold production going forward.

Reaching the first gold pour is a testament to the dedication and hard work that our Öksüt team has put in to

reach this goal safely.”

“This milestone would not have been achieved without the initial conviction and perseverance from the Centerra

exploration team given that the Öksüt Mine, originally started as a greenfield exploration venture in 2009.”

“Finally, I would like to thank all of the stakeholders of the Öksüt Project, including the local communities and

the relevant government authorities, who have worked with us constructively over many years.”

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

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.

Additional information on Centerra is available on the Company’s website at www.centerragold.com and at

SEDAR at www.sedar.com.

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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