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CG.TO ·

Centerra Gold Announces Quarterly Dividend of C$0.07 per common 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 Quarterly Dividend of C$0.07 per common share

Toronto, Canada, May 4, 2022: Centerra Gold Inc. (“Centerra”) (TSX: CG) (NYSE: CGAU) announced today

that its Board of Directors has approved a quarterly dividend of C$0.07 per common share – approximately

C$20.8 million or US$16.6 million. The quarterly dividend is payable on June 1, 2022, to shareholders of record

on May 18, 2022. The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra’s dividend policy, the timing and quantum of dividends are to be determined by

the Board of Directors 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 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, Turkey, and other markets worldwide. Centerra

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

While the Company still owns the Kumtor Mine in the Kyrgyz Republic, it is currently no longer under the

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

the symbol CG and on the New York Stock Ex change (“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]

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 .