Centerra Gold Provides Öksüt Mine Update on Earthquake in Türkiye

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

1

NEWS RELEASE

Centerra Gold Provides Öksüt Mine Update on Earthquake in Türkiye

Toronto, Canada, February 6, 2023: Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG and

NYSE: CGAU) reports that its Öksüt Mine, located in central Türkiye, is continuing to operate normally

after two powerful earthquakes occurred in southeastern Türkiye and northern Syria, approximately 180

kilometres from the Öksüt Mine site. There were no injuries to our employees or contractors at the mine or

at the Company’s other offices within Türkiye and initial inspections have not detected any damage to the

infrastructure at the Öksüt Mine.

Paul Wright, Centerra’s Interim President and Chief Executive Officer, stated “C enterra offers its

condolences to the people of Türkiye and all those that have lost loved ones in this natural disaster . The

Company has mobilized an emergency response team from the Öksüt Mine to assist Turkish state

emergency preparedness authoritie s and regional disaster response organizations and will continue to

provide support where possible.”

About Centerra

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. Centerra 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 TSX under the symbol CG and on the NYSE

under the symbol CGAU. Centerra is based in Toronto, Ontario, Canada.

For more information:

Toby Caron Shae Frosst

Treasurer and Director, Investor Relations Manager, Investor Relations

(416) 204-1694 (416) 204-2159

[email protected] [email protected]

Additional information on Centerra Gold is available on the Company’s website at

www.centerragold.com and on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar.