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CG.TO ·

Centerra Gold Appoints New Director

Management Changes

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

NEWS RELEASE

Centerra Gold Appoints New Director

TORONTO, CANADA – December 4, 2020 – Centerra Gold Inc. (“Centerra”) (TSX: CG) is pleased to

announce the appointment of Mr. Tengiz A.U. Bolturuk to its Board of Directors. Centerra also announces the

resignation of Mr. Askar Oskombaev from its Board of Directors.

Mr. Bolturuk, a dual citizen of the Kyrgyz Republic and Canada, has extensive experience in the mining

industry, with a focus in project and process management. He has over 30 years of experience in engineering

and operations in the mining industry, with worldwide experience including in Canada, USA, Kazakhst an,

Australia, and South Africa. Mr. Bolturuk received degrees in mineral process ing and metallurgy from the

National University of Science and Technology (ex-MISIS) in Moscow, Russia, and from the Clausthal

University of Technology in Germany, respectively. He is a member of the Association of Professional

Engineers of Ontario and the Canadian Institute of Mining and Metallurgy. Mr. Bolturuk was nominated by

Kyrgyzaltyn JSC, Centerra’s largest shareholder, pursuant to the Restated Shareholders’ Agreement dated as

of June 6, 2009 entered into by Kyrgyzaltyn and Centerra.

Michael Parrett, Chair of the Board of Directors of Centerra stated, “Centerra has benefited greatly from Askar’s

knowledge and expertise, particularly in government and community relations, during his tenure on the Board

and he will be sorely missed. On behalf of the Board and management, I thank Askar for his service to Centerra.

We welcome Tengiz to the Board and look forward to working with him and to continuing our positive working

relationship with Kyrgyzaltyn.”

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 three mines, the Kumtor Mine in the Kyrgyz

Republic, the Mount Milligan Mine in British Columbia, Canada and the 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.

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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