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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, February 23, 2023: 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$15.3 million or US$11.5 million. The quarterly dividend is payable on March 28,

2023, to shareholders of record on March 14, 2023. 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, Türkiye , and other markets worldwide. Centerra

operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Öksüt Mine in Türkiye .

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 Exchange (“NYSE”) under the symbol CGAU. The Company is based in Toronto,

Ontario, Canada.

For more information:

Toby Caron

(416) 204-1694

[email protected]

Shae Frosst

(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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