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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, August 10, 2022: Centerra Gold Inc. (“Centerra” or the “Company”) (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$15.4 million or US$12.0 million. The quarterly dividend is payable on September 8,

2022, to shareholders of record on August 25, 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 British Columbia, Canada, and the Öksüt Mine in Turkey. 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]

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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