Ms. Lisa Wilkinson reports

CENTERRA GOLD REPORTS EXPLOSION AT LANGELOTH; NO FATALITIES OR SIGNIFICANT ENVIRONMENTAL RELEASES

Centerra Gold Inc. has suspended operations at its Langeloth metallurgical facility near Pittsburgh, Penn., following an explosion on Jan. 29, 2026, at approximately 6:15 p.m. Eastern Time, which was a result of an uncontrolled mixture of chemicals leading to an uncontained chemical reaction adjacent to the acid plant. No fatalities were reported, but two contractors were taken to hospital with injuries and two employees were taken to hospital for precautionary reasons. Presently, there is no indication of a significant environmental release. The relevant regulatory agencies and authorities have been notified. The company is currently assessing Langeloth's estimated downtime and will provide an update when more information is available.

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, Turkey and other markets worldwide. Centerra operates two mines: the Mount Milligan mine in British Columbia, Canada, and the Oksut mine in Turkey. The company also owns the Kemess project in British Columbia, Canada, and the Goldfield project in Nevada, United States, and owns and operates the molybdenum business unit in the United States and Canada. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU. The company is based in Toronto, Ont., Canada.