Ms. Lisa Wilkinson reports

CENTERRA GOLD ANNOUNCES QUARTERLY DIVIDEND OF C$0.07 PER COMMON SHARE

Centerra Gold Inc. has approved a quarterly dividend of seven cents per common share totalling approximately $15.1-million or $11.2-million (U.S.). The quarterly dividend is payable on March 27, 2024, to shareholders of record as of the close of business on March 13, 2024. The dividend is an eligible dividend for Canadian income tax purposes.

In accordance with Centerra's dividend policy, the timing and quantum of dividends are to be determined by the board of directors from time to time based on, among other things, the company's operating results, cash flow and financial conditions, current and anticipated capital requirements, and general business conditions.

About Centerra Gold Inc.

Centerra Gold is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye and other markets worldwide.