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CG.TO ·

Centerra Gold Reports Kumtor Mine Receives Discharge Permit

Permits & Approvals

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 Kumtor Mine Receives Discharge Permit

Toronto, Canada, April 19, 2017: Centerra Gold Inc. (TSX: CG) reports that the Kumtor operation, located

in the Kyrgyz Republic, has received its 2017 maximum allowable discharge (“MAD”) permit which allows

for discharge of treated effluent from its tailings management facility starting in the spring. Kumtor now has

all the necessary permits and approvals in place for continuous operations throughout 2017.

About Centerra

Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and

acquiring gold properties in North America, Asia and o ther markets worldwide. Centerra is the largest

Western-based gold producer in Central Asia. Centerra’s shares trade on the Toronto Stock Exchange (TSX)

under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.

Caution Regarding Forward-Looking Information

Information contained in this news release which are not statements of historical facts may be “forward -

looking information” for the purposes of Canadian securities laws. Such forward -looking information

involves risks, uncertainties and other factors that could cause actual results and performance to differ

materially from those expressed or implied by such forward looking information. The words “believe”,

“expect”, “anticipate”, and similar expressions identify forward -looking information. These forward -looking

statements relate to, among other things, the expectations for continuous mining operations at the Kumtor

Mine in 2017.

Forward-looking information is necessarily based upon a number of estimates and assumptions that, while

considered reasonable by Centerra, are inherently subject to significant political, business, economic and

competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ

materially from those projected in the forward looking information. Factors that could cause actual results or

events to differ materially from current expectations include, among other things , political risks associated

with the Company’s operations in the Kyrgyz Republic, the impact of changes in, or to the more aggressive

enforcement of, laws, regulations and government practices in the Kyrgyz Republic, including any unjustified

civil or cri minal action against the Company, its affiliates or its current or former employees; the impact of

any actions taken by the Kyrgyz Republic Government and Parliament relating to the agreements governing

the Kumtor Project which are inconsistent with the rights of Centerra and Kumtor Gold Company under such

agreements; any impact on the purported cancellation of Kumtor’s land use rights at the Kumtor Project

pursuant to a court claim commenced by the Kyrgyz Republic General Prosecutor’s Office; and the risks

related to other outstanding litigation affecting the Company’s operations in the Kyrgyz Republic . See

section titled “Risk Factors” in the Company’s most recently filed MD&A for December 31, 2016 and

Annual Information Form available on SEDAR at www.sedar.com.

There can be no assurances that forward -looking information and statements will prove to be accurate, as

many factors and future events, both known and unknown could cause actual results, performance or

achievements to vary or differ materially, from the results, performance or achievements that are or may be

expressed or implied by such forward -looking statements contained herein or incorporated by reference.

1 University Avenue, Suite 1500

Toronto, ON

M5J 2P1

tel 416-204-1953

fax 416-204-1954

www.centerragold.com

2

Accordingly, all such factors should be considered carefully when making decisions with respect to Centerra,

and prospective investors should not place undue reliance on forward looking information. Forward -looking

information is as of April 19 , 2017 . Centerra assumes no obligation to update or revise for ward looking

information to reflect changes in assumptions, changes in circumstances or any other events affecting such

forward-looking information, except as required by applicable law.

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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