Mr. Paul Tomory reports

CENTERRA GOLD ANNOUNCES RESULTS OF 2023 ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Centerra Gold Inc. has released the results of its 2023 annual and special meeting of shareholders held on May 9, 2023. A total of 218,703,496 shares, representing 70.95 per cent of common shares issued and outstanding, were represented at the meeting. Detailed voting results are outlined herein.

Election of directors

Each of the nominee directors listed in Centerra's management information circular dated March 28, 2023, was elected.

                    VOTING RESULTS FOR ELECTION OF DIRECTORS

                       Votes for   % votes for   Votes against   % votes against

Richard W. Connor    146,253,294         98.29%      2,537,987              1.71%     
Wendy Kei            148,071,887         99.52%        719,393              0.48%     
Michael S. Parrett   138,660,198         93.19%     10,131,081              6.81%     
Jacques Perron       148,074,024         99.52%        717,255              0.48%     
Sheryl K. Pressler   147,537,900         99.16%      1,253,380              0.84%     
Paul Tomory          148,117,772         99.55%        672,507              0.45%     
Paul N. Wright       148,062,277         99.51%        729,003              0.49%     
Susan L. Yurkovich   146,457,364         98.43%      2,333,916              1.57%     

Appointment of auditor

KPMG LLP was reappointed as auditor of the company, and the board was authorized to fix the auditor's remuneration.

                          VOTING RESULTS FOR AUDITOR

                            Votes for   % votes for   Votes withheld   % votes withheld

Appointment of auditor    150,296,622         96.86%       4,873,616               3.14%      

Approval of the omnibus incentive plan

The LTI plan resolution outlined in Centerra's management information circular dated March 28, 2023, was approved.

                    VOTING RESULTS FOR OMNIBUS INCENTIVE PLAN

                              Votes for   % votes for    Votes against   % votes against

Approval of the LTI plan    141,012,923         94.77%       7,778,356              5.23%     

Advisory vote on executive compensation

The non-binding resolution approving the company's approach to executive compensation disclosed in Centerra's management information circular dated March 23, 2023, was passed.

                                 VOTING RESULTS FOR APPROACH TO SAY ON PAY

                                            Votes for   % votes for   Votes against   % votes against

Advisory vote on executive compensation   144,767,796         97.30%      4,023,483              2.70%     

About Centerra Gold Inc.

Centerra 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. Centerra also owns the Goldfield district project in Nevada, United States, and the Kemess underground project in British Columbia, Canada, and owns and operates the molybdenum business unit in the United States. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU. Centerra is based in Toronto, Ont., Canada.