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Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

Corporate Actions

Centerra Gold Announces Quarterly Dividend of C$0.07 per Common Share

TORONTO, Feb. 20, 2025 -- 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$14.7 million or

US$10.2 million in aggregate. The quarterly dividend is payable on March 27, 2025, to shareholders of record as of the close of

business on March 13, 2025. 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, 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 Project in

Nevada, United States, the Kemess 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:

Lisa Wilkinson

Vice President, Investor Relations & Corporate Communications

(416) 204-3780

[email protected]

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

www.sedarplus.ca and EDGAR at www.sec.gov/edgar.