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Centerra Gold Publishes 2021 Environmental, Social and Governance Report

Corporate Updates

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

NEWS RELEASE

Centerra Gold Publishes 2021 Environmental, Social and Governance Report

TORONTO, CANADA, August 4, 2022: Centerra Gold Inc. (“Centerra” or “the Company” ) (TSX: CG)

(NYSE: CGAU) is pleased to announce the publication of its third annual Environmental, Social and

Governance (“ESG”) Report.

Centerra and its ESG team are committed to providing complete, useful and relevant disclosures on the key

issues our stakeholders and groups value most.

2021 highlights and achievements include:

• Successful completion of Year 2 Responsible Gold Mining Principles (“RGMP”) assurance; on track

to achieving conformance with the RGMPs before the end of 2022.

• Greenhouse Gas (“GHG”) emissions intensity from the Company’s two operations, the Mount Milligan

Mine and the Öksüt Mine, totaling 0.35 tonnes of CO₂ equivalent per ounce (“tCO2e”), well below the

industry average of 0.67 tCO2e.

• Increased dependency on renewable energy at the Mount Milligan Mine, with 69% of the total energy

consumption now coming from grid power sources in 2021.

• Increased local procurement spend at the Mount Milligan Mine and continued emphasis to further

strengthen local supplier relationships.

• Increased i ndigenous representation across our British Columbia operations to 18% in 2021 , 50%

higher than the Canadian average across mining industry.

Scott Perry President and Chief Executive Officer of Centerra, commented “ I am pleased to report the

publication of our most recent ESG report. As responsible miners, we are committed to strengthening our ESG

performance, which is reflected in several achievements highlighted in our 2021 ESG Report. I want to

acknowledge our global team’s resilience and dedication towards progressing our ESG strategy I look forward

to announcing further meaningful initiatives and accomplishments in relation to 2022.”

For the full report and further details of the company’s annual and sustainability results, please visit Centerra’s

website at: https://sustainability.centerragold.com/transparency-hub/.

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

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

2

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.

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.