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Centerra Gold Reports Fatality at Kumtor Mine

Mine Development & Operations

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

NEWS RELEASE

Centerra Gold Reports Fatality at Kumtor Mine

Toronto, Canada, February 18 , 2020: Cent erra Gold Inc. (“Centerra”) (TSX: CG) announces that on

February 15, 2020, a fatality occurred at the Kumtor Mine located in the Kyrgyz Republic. A Kumtor employee

succumbed to a fatal injur y while operating an excavator, which tipped and then slipped down into a water -

filled basin near the edge of Petrov Lake , which is situated approximately five kilometres northeast of the

Kumtor mill site.

An internal investigation has commenced and Kumtor management is working closely with the Kyrgyz

regulators and other state authorities to ascertain the cause of the incident.

Our thoughts, condolences and prayers are with the family and our deepest appreciation goes out to all those

involved in the search and recovery efforts.

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 the largest

Western-based gold producer in Central Asia. Centerra operates two flagship assets, the Kumtor Mine in

the Kyrgyz Republic and the Mount Milligan Mine in British Columbia, Canada and now has a third

operating gold mine, the 100% owned 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

Centerra Gold Inc.

(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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